202-204 E Main Street
Freeport, IL 61032

Looking for a property with great income potential? This property has been a huge income generator for current owner who has lovingly owned and managed it for the last 30 years. Now retired the owners are ready to pass this money maker to the next generation. Currently vacant and ready for someone to jump right in. This over 8000sqft turn of the century brick mixed use commercial building is on the highly visible corner of Adams and Main in the downtown business district of Freeport. The ornate metal work, large open spaces and high ceilings (16ft) give you the character and freedom to create your ideal space while still fitting in to the updated historic aesthetic downtown. The 2nd floor was being used as residential apartments but they could be used as AirBNB, Corporate short term rentals or use as office spaces. 1st floor - Main street frontage has a large open store front ( was originally 2 and can easily be converted back as it has separate entrance and bathrooms still and separate basement entrances)(1800sqft). 1st floor - Adams frontage has an overhead door that opens to a large work shop area with a bathroom (700) Sqft and the 2nd larger overhead door houses a huge garage with plenty of work/storage space (1400)sqft. Just a 5 minute walk from the riverwalk, dining, live music venues you can be close to it all. Property is located in a TIF district and Enterprise zone. Its not every day something like this comes along. Check it out. Contact the city or the Greater Downtown Partnership for information on zoning, incentives, and business resources. There are tons of potential uses. Basic overview of the potential uses on the Freeport interactive zoning map. Come be part of downtown Pretzel City community schedule your showing today. 2nd floor unit Sqft break down. Unit 1 - 1 Bedroom 1 Bath 450 Sqft ( end unit ) Unit 2 - Studio 1 bath 500 Sqft Unit 4 - 2 Bedroom 2 Bath 1100 Sqft ( was combined with unit 3 could be separated again) Unit 5 - 1 Bedroom 1 bath 525 Sqft Unit 6 - 1 Bedroom 1 Bath 525 Sqft ( end unit)