O'Neil Property Group

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$440,000
314 Days On Site

222 W Exchange Street
Freeport, IL 61032

For Sale|Mixed Use|Active
0
Beds
0
Total Baths
17,353
SqFt
$25
/SqFt
1900
Built
County:
Stephenson
Listing Courtesy of MRED as distributed by MLS Grid of NextHome First Class
222 W Exchange Street222 W Exchange Street222 W Exchange Street222 W Exchange Street
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Downtown Freeport Mixed-Use Investment | Multiple Income Streams Strategically located in the heart of downtown Freeport, this multi-level mixed-use building presents an exceptional opportunity for investors seeking diversified and scalable income. The property features multiple finished levels anchored by a second-level residential loft apartment with five bedrooms, ideal for executive housing, short- or long-term rental, or owner occupancy. The commercial component consists of 21 individual rentable spaces, well-suited for salon suites, professional offices, and service-oriented businesses, allowing for tenant diversification and strong demand across multiple business sectors. The building is equipped with a functional elevator, enhancing accessibility and broadening tenant appeal. Additional highlights include ample on-site parking, a high-visibility downtown location, and close proximity to dining, retail, and civic amenities-driving consistent foot traffic and long-term tenancy. This asset offers multiple revenue streams, flexible leasing configurations, and value-add potential through lease optimization or repositioning. Ideal for investors, owner-operators, or portfolio expansion, this downtown Freeport property combines residential income, commercial stability, and strong location fundamentals in one compelling offering.

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Listing Snapshot
PriceΒ 
$440,000
Days On SiteΒ 
314 Days
BedroomsΒ 
N/A
Inside Area (SqFt)Β 
17,353 sqft
Total BathsΒ 
N/A
Full BathsΒ 
N/A
Partial BathsΒ 
N/A
Lot SizeΒ 
N/A
Year BuiltΒ 
1900
MLS NumberΒ 
12522183
StatusΒ 
Active
Property TaxΒ 
$4,800
HOA/Condo/Coop FeesΒ 
N/A
Sq Ft SourceΒ 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS
2 months agoStatus changed to Active
2 months agoPrice changed to $440,000
10 months agoListing first seen on site
General Features
Property Sub TypeΒ 
Mixed Use
SqFt TotalΒ 
17353
Interior Features
CoolingΒ 
Central AirWindow Unit(s)
ElectricΒ 
Circuit Breakers
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Exterior Features
Construction DetailsΒ 
Brick
Community Features
MLS AreaΒ 
Freeport
TownshipΒ 
Freeport
Listing Courtesy of MRED as distributed by MLS Grid of NextHome First Class



Based on information submitted to the MLS GRID as of 2026-10-23 12:47 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-10-23 12:47 AM UTC
MRED DMCA Copyright Information Copyright Β© 2026 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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