222 W Exchange Street — Freeport, IL 61032
Active
▼ $75,100
Freeport, IL 61032

222 W Exchange Street

$459,900
0 beds · 0 baths
$75,100 below original 153 days on market $4,800/yr taxes
01About this home

Downtown Freeport Mixed-Use Investment | Multiple Income Streams Strategically located in the heart of downtown Freeport, this multi-level mixed-use building presents an exceptional opportunity for investors seeking diversified and scalable income. The property features multiple finished levels anchored by a second-level residential loft apartment with five bedrooms, ideal for executive housing, short- or long-term rental, or owner occupancy. The commercial component consists of 21 individual rentable spaces, well-suited for salon suites, professional offices, and service-oriented businesses, allowing for tenant diversification and strong demand across multiple business sectors. The building is equipped with a functional elevator, enhancing accessibility and broadening tenant appeal. Additional highlights include ample on-site parking, a high-visibility downtown location, and close proximity to dining, retail, and civic amenities-driving consistent foot traffic and long-term tenancy. This asset offers multiple revenue streams, flexible leasing configurations, and value-add potential through lease optimization or repositioning. Ideal for investors, owner-operators, or portfolio expansion, this downtown Freeport property combines residential income, commercial stability, and strong location fundamentals in one compelling offering.

02Inside the home
03By the numbers
$459,900
List price
Square feet
Bedrooms
Bathrooms
1900
Year built
Lot size
Garage spaces
$4,800
Annual taxes
Mixed Use
Style
153
Days on market
04Features
Cooling
Central AirWindow Unit(s)
Construction
Brick
05Neighborhood
  • 312 Beef and Sausage 400 ft
  • Hilldale Deli 400 ft
  • Joe's Pizza 550 ft
  • Bourbons on Main 600 ft
  • This Is It Eatery 650 ft
  • Essie Mae's BBQ 650 ft
  • 1st Stop 0.2 mi
  • A&K Convenience & Tobacco 0.4 mi
  • BP Shop 0.6 mi
  • Circle K 0.6 mi
  • Fas Mart 0.6 mi
  • Mobil Mart 0.7 mi
  • Lincoln-Douglas Debate Square 0.2 mi
  • Third Ward Park 0.5 mi
  • Bidwell Park 0.9 mi
  • Read Park 1.0 mi
  • Taylor Park 1.0 mi
  • 9 East Coffee 850 ft
  • Starbucks 1.3 mi
  • Higher Grounds 1.4 mi
POI data via Mapbox · OpenStreetMap contributors
06History

Every event we have for this address, straight from the MLS.

May 12, 2026
Price reducedThis listing
NextHome First Class
$459,900
−$75,100
Dec 12, 2025
Listed for saleThis listing
NextHome First Class
$535,000
Sourced from MRED. Older events appear here as our history backfill completes.
07Ask Dwello

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08See it for yourself

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09Similar homes
Listed by NextHome First Class · Kimberly Taylor · 815-541-5557
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12522183
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