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Listing provided courtesy of NextHome First ClassMREDas Distributed by MLSGrid- MLS# 12462470MLS Provider

115 E South StreetFreeport, IL 61032

Commercial · 8,300 Sq. ft.
$335,000 Price Change

115 E South Street Overview

Time on Site:
291 days
Visits:
7

Prime Commercial Building on Business 20 - Freeport ***Excellent visibility (IDOT TRAFFIC COUNTS 9,500 daily) and accessibility on Business 20 as you enter the Beltline into Freeport! This versatile 8,300 sq. ft. commercial building offers a mix of office and storage space, ideal for a wide variety of business uses. The original 3,200 sq. ft. structure, built in 1974, features 13-foot ceilings with a distinctive barrel roof. A 5,100 sq. ft. addition, constructed in 1994, provides expansive open space with over 14-foot ceilings, offering flexibility for storage, light industrial use, or expanded office layouts. Asphalt Parking Lot. Split into Storage and Offices, 2 bathrooms, HVAC and Electric updates.

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115 E South Street Facts & Features

  • Type Commercial
  • Sq. ft. 8,300
  • Price/Sq.ft. $40

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Insurance Expense: 0
  • Net Operating Income: 0
  • Operating Expense: 0
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1947

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Stephenson
  • MLS Area Major: Freeport
  • Township: Silver Creek

Rent/Lease Information

  • Tenant Pays: Electricity, Heat, Taxes

Tax Information

  • Tax Annual Amount: $6,711.00
  • Tax Year: 2024

General Information

  • Parcel Number: 04190642600700
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 8300

General Information

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Flooring: Concrete
  • Stories: 1

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 108 X 240 X 108 X 195.91
  • Lot Size Square Feet: 21029

Building Exterior/Construction

  • Construction Materials: Steel Siding
  • Roof: Composition, Metal, Rubber

General Information

  • Number Of Units Total: 1

115 E South Street Neighborhood

Community

61032 (Freeport) Demographics

45
Median Age
199
Population Density (per sq. mile)
29%
College Educated
$43,853
Estimated Median Income
8,593
Estimated Total Home Owners
4,894
Estimated Total Renters
64% / 36%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

115 E South Street Monthly Cost

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$ %
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$
$
Jeremy Woods
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

115 E South Street Market Data

Based on the last 30 days in this zip code

$219,177
Average List Price
$105
Average Price per Square Foot
43
Properties Sold
97
Average Days on Market
147
Properties for Sale
Calculations provided by Reliance Network

115 E South Street History

Date Event Value Agent
6/26/2026Source: MRED Price Reduction
$335,000 -4.3%
6/26/2026Source: MRED Status Change
Price Change
5/16/2026Source: MRED Status Change
Active
5/11/2026Source: MRED Price Reduction
$350,000 -4.1%
5/11/2026Source: MRED Status Change
Price Change
4/6/2026Source: MRED Status Change
Active
4/1/2026Source: MRED Status Change
Re-activated
1/27/2026Source: MRED Status Change
Active
1/22/2026Source: MRED Price Reduction
$365,000 -6.4%
1/22/2026Source: MRED Status Change
Re-activated
9/17/2025Source: MRED Status Change
Active
9/12/2025Source: MRED Added to Database
September 12, 2025