514 Stephenson StFreeport, IL 61032

  • Commercial real estate
  • 515 SF
For Sale
$29,999 View listing

Property Details for 514 Stephenson St

Year built
1957
Lot size
0.29 AC
Property size (Sq ft)
515 SF
Property type
Commercial real estate
APN
18-14-29-354-012
APU
181429354012

Description

This exceptional mixed-use commercial property located at 514 E Stephenson Street, Freeport, Illinois, presents a prime investment opportunity. The building offers 515 square feet of usable space, providing ample room for a variety of business ventures. Its adaptable layout allows for creative customization to suit diverse needs, whether it's a retail shop, office space, or a unique service-based business. The property's significant advantage lies in its spacious parking lot, a valuable asset for attracting customers and ensuring convenient access. This feature is particularly beneficial for businesses requiring ample parking for clients or employees. The building is situated in Freeport, IL, offering access to a thriving local market. The seller is highly motivated and open to considering all reasonable offers, making this an attractive proposition for discerning investors seeking a profitable venture. This compact yet versatile property offers limitless potential for entrepreneurs and business owners looking to establish a presence in a desirable location. The asking price is $29,999. Don't miss this chance to acquire a property with substantial upside and immediate potential for return on investment. Serious inquiries are encouraged.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $106,437
    Hospitality
    $97,496
    Educational
    $81,115
    Medical
    $83,905
    Retail
    $126,179
514 Stephenson St, Freeport, Illinois

Location Insight

City
Freeport
County
Stephenson
State
Illinois
Latitude
42.3015
Longitude
-89.6114
CBSA code
23300
CBSA name
FREEPORT, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$448
$1,992
$1,621
$3,613
-
$5,976
$4,863
$10,839

FAQs

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