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Freeburg Bowl Bldg 700 N State St 8,850 SF 100% Leased Retail Building Freeburg, IL 62243 $2,100,000 ($237.29/SF)
Executive Summary
Incredible Investment Opportunity on High-Traffic State Street! This expansive 18,247 sq. ft. mixed-use property sits on 1.210 acres and offers a rare combination of commercial and residential income streams. Featuring 4 retail/commercial spaces along the highly traveled State Street, this property provides maximum visibility and excellent accessibility for tenants and customers alike. The upper levels include 8 well-maintained residential units, each providing tenants with access to desirable amenities such as an elevator, fitness room, and individu-al storage units—making this an appealing choice for long-term occupancy. Great opportunity for investors seeking a strong portfolio addition with stable rental potential. Property financials available upon approved request.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,850 SF
Building Class
C
Year Built
2011
Price
$2,100,000
Price Per SF
$237.29
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.18
Lot Size
1.16 AC
Zoning
Highway Business - Commercial Business
Parking
50 Spaces (5.55 Spaces per 1,000 SF Leased)
Frontage
500’ on State
Amenities
- 24 Hour Access
- Corner Lot
- Freeway Visibility
- Restaurant
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-19.0-202-002 | Improvements Assessment | $467,848 |
| Land Assessment | $28,396 | Total Assessment | $496,244 |
Property Taxes
Parcel Number
14-19.0-202-002
Land Assessment
$28,396
Improvements Assessment
$467,848
Total Assessment
$496,244
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Freeburg Bowl Bldg | 700 N State St