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210 W Spring St, Freeport IL 210 W Spring St 17,160 SF 100% Leased Office Building Freeport, IL 61032 $449,000 ($26.17/SF)
Executive Summary
Highly visible 17,160 square foot commercial building occupying a full city block on over 3/4 of an acre, offering multiple street frontage and exceptional accessibility. The property fronts IL Highway Business 20 West / Galena Avenue with a documented traffic count of approximately 3,900 vehicles per day, along with additional frontage on Spring Street and Walnut Avenue. The building has successfully housed multiple businesses simultaneously and offers a highly flexible interior layout that can be easily configured for co-working space, shared office environments, event or assembly space, meeting rooms, retail/office combinations, or multi-tenant occupancy. Layout flexibility allows spaces to operate independently while remaining under one roof. A garage/loading dock accessed from Spring Street supports deliveries and operational needs. The site offers approximately 33,000 square feet of paved parking, with nearly 90% of the lot paved, resulting in low exterior maintenance and excellent parking capacity for customers, employees, or event attendees. Originally constructed as a theatre, approximately 9,269 square feet of the building features dramatic 25-foot ceilings, with an attic-level mezzanine showcasing the original architectural character and offering additional storage potential. The section commonly referred to as the Farm Bureau
area provides over 4,000 square feet with 15-foot ceilings, while the Country Side section offers more than 3,800 square feet with 16-foot ceilings. This property presents a rare opportunity for an owner-user, investor, or adaptive reuse project seeking visibility, scale, parking, and flexible space in a hightraffic commercial corridor.
area provides over 4,000 square feet with 15-foot ceilings, while the Country Side section offers more than 3,800 square feet with 16-foot ceilings. This property presents a rare opportunity for an owner-user, investor, or adaptive reuse project seeking visibility, scale, parking, and flexible space in a hightraffic commercial corridor.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
17,160 SF
Building Class
C
Year Built
1929
Price
$449,000
Price Per SF
$26.17
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
17,160 SF
Building FAR
0.47
Lot Size
0.83 AC
Opportunity Zone
Yes
Zoning
B1-2 - Commercial
Parking
60 Spaces (3.5 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 18-14-31-186-017 | Total Assessment | $30,067 (2024) |
| Land Assessment | $10,260 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $19,807 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
18-14-31-186-017
Land Assessment
$10,260 (2024)
Improvements Assessment
$19,807 (2024)
Total Assessment
$30,067 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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