1880 S West Ave
Freeport, IL 61032
Retail Property For Sale

**MINIMUM BID MEETS RESERVE** Property tours are available by appointment only. Please contact Richard Drogosz at 630-954-7339 or rdrogosz@midamericagrp.com to schedule a property tour. Ten-X in association with Mid America Real Estate Corporation presents the opportunity to acquire the Vacant Former Kmart located in Freeport, Illinois. The Vacant Former Kmart offers a purchaser the opportunity to acquire a substantial value-add opportunity located in the city of Freeport, Illinois. The subject property consists of a single 1-story, single-tenant retail building that contains 86,040 square feet of gross leaseable area, situated on a 8.65 acre site. The center lies adjacent to Meadows Shopping Center, which is occupied by strong national tenants including JCPenney, Anytime Fitness, and Maurices. The center is an attractive real estate investment based on the following attributes: SUBSTANTIAL VALUE-ADD OPPORTUNITY The lease-up of the 86,040 SF Vacant Former Kmart offers a substantial value-add opportunity for the purchaser to generate a strong income stream. The property will sell at a significant discount to replacement cost. STRONG RETAIL TRADE AREA The subject offering is idea The property will sell at a significant discount to replacement cost. STRONG RETAIL TRADE AREA The subject offering is ideally positioned along South West Avenue (13,200 VPD), the arterial retail thoroughfare serving Freeport and the surrounding rural communities. The South West Avenue retail trade area experiences a strong expanded consumer reach, with the next nearest major trade area being located over 20 miles away, in Rockford. SOLID DEMOGRAPHIC PROFILE The surrounding area features a solid local profile as demonstrated in the Offering Memorandum.