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120 E Clark St 179,944 SF 16% Leased Industrial Building Freeport, IL 61032 $1,500,000 ($8.34/SF)

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INVESTMENT HIGHLIGHTS

  • Located just 30 minutes from Chicago Rockford International Airport (RFD) and under two hours from Chicago O’Hare International Airport (ORD),
  • Over $2 million in upgrades including HVAC, office renovations, and parking lot improvements—ready for immediate occupancy.
  • Dual fiber internet and on-site backup generator ensure seamless operations, even during outages.
  • Situated in Freeport’s downtown district, adjacent to the Lincoln-Douglas debate site—offering a unique blend of legacy and visibility.

EXECUTIVE SUMMARY

Position your business within this expansive 180,000 SF industrial and office complex, ideally located in Freeport’s historic downtown district. Adjacent to the iconic site of the 1858 Lincoln-Douglas debates, this property offers a rare blend of historical significance and modern infrastructure. With 20,000 SF of Class A office space and a food-grade warehouse equipped with essential upgrades, 120 E Clark St is designed to support a wide range of business operations—from manufacturing and distribution to professional services. Recent renovations totaling over $2 million ensure a turnkey experience, while dual fiber internet and backup power provide operational reliability. Located within an Opportunity Zone, this site also offers potential tax advantages for qualifying businesses.

PROPERTY FACTS

Price $1,500,000
Price Per SF $8.34
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Industrial Manufacturing
  • Industrial Service
Building Class B
Lot Size 5.18 AC
Rentable Building Area 179,944 SF
No. Stories 5
Year Built/Renovated 1928/2018
Clear Ceiling Height 10’
No. Dock-High Doors/Loading 4
Opportunity Zone Yes
Zoning M-2 - M-2 General Manufacturing

AMENITIES

  • Storage Space

UTILITIES

  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 27,594 SF
  • Industrial
  • Partial Build-Out
  • Now

Warehouse/storage/industrial space. Many different uses possible.

  • 1st Fl - Bsmt
  • 22,969 SF
  • Industrial
  • Partial Build-Out
  • Now

Basement level warehouse/industrial opportunity.

  • 2nd Floor
  • 44,002 SF
  • Industrial
  • Full Build-Out
  • Now

Warehouse/storage/industrial space. Many different uses possible. Freight elevator.

  • 3rd Floor
  • 19,929 SF
  • Industrial
  • Full Build-Out
  • Now

Warehouse/storage/industrial space. Many different uses possible. Freight elevator.

  • 4th Floor
  • 15,929 SF
  • Industrial
  • Full Build-Out
  • Now

Office/Warehouse/storage/industrial space. Many different uses possible. Freight elevator.

  • 5th Floor
  • 19,929 SF
  • Office
  • Full Build-Out
  • Now

Former Furst-McNess HQ offices, including executive suites. Class A office space fully furnished and ready to move in!

Space Size Space Use Condition Available
1st Floor 27,594 SF Industrial Partial Build-Out Now
1st Fl - Bsmt 22,969 SF Industrial Partial Build-Out Now
2nd Floor 44,002 SF Industrial Full Build-Out Now
3rd Floor 19,929 SF Industrial Full Build-Out Now
4th Floor 15,929 SF Industrial Full Build-Out Now
5th Floor 19,929 SF Office Full Build-Out Now

1st Floor

Size
27,594 SF
Space Use
Industrial
Condition
Partial Build-Out
Available
Now

1st Fl - Bsmt

Size
22,969 SF
Space Use
Industrial
Condition
Partial Build-Out
Available
Now

2nd Floor

Size
44,002 SF
Space Use
Industrial
Condition
Full Build-Out
Available
Now

3rd Floor

Size
19,929 SF
Space Use
Industrial
Condition
Full Build-Out
Available
Now

4th Floor

Size
15,929 SF
Space Use
Industrial
Condition
Full Build-Out
Available
Now

5th Floor

Size
19,929 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Floor

Size 27,594 SF
Space Use Industrial
Condition Partial Build-Out
Available Now

Warehouse/storage/industrial space. Many different uses possible.

1st Fl - Bsmt

Size 22,969 SF
Space Use Industrial
Condition Partial Build-Out
Available Now

Basement level warehouse/industrial opportunity.

2nd Floor

Size 44,002 SF
Space Use Industrial
Condition Full Build-Out
Available Now

Warehouse/storage/industrial space. Many different uses possible. Freight elevator.

3rd Floor

Size 19,929 SF
Space Use Industrial
Condition Full Build-Out
Available Now

Warehouse/storage/industrial space. Many different uses possible. Freight elevator.

4th Floor

Size 15,929 SF
Space Use Industrial
Condition Full Build-Out
Available Now

Office/Warehouse/storage/industrial space. Many different uses possible. Freight elevator.

5th Floor

Size 19,929 SF
Space Use Office
Condition Full Build-Out
Available Now

Former Furst-McNess HQ offices, including executive suites. Class A office space fully furnished and ready to move in!

Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

DEMOGRAPHICS

REGIONAL ACCESSIBILITY

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
CITY
POPULATION
MILES
DRIVE TIME
Chicago
2,705,994
115
2 h 15 m
Indianapolis
867,125
293
5 h 43 m
Detroit
672,662
394
7 h 26 m
Columbus
892,533
431
9 h 1 m
Nashville
669,053
578
10 h 30 m
Memphis
650,618
620
11 h 18 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
34,018
Total Labor Force
16,052
Unemployment Rate
5.71%
Median Household Income
$50,054
Warehouse Employees
3,595
High School Education Or Higher
91.50%
  • Listing ID: 33748655

  • Date on Market: 11/4/2024

  • Last Updated:

  • Address: 120 E Clark St, Freeport, IL 61032

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