Susan Rekward
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
Description
Mixed-use investment opportunity in Downtown Freeport! Approx. 4,588 sq ft of flexible commercial, retail, office and residential space, located in the Downtown TIF District and an Illinois Enterprise Zone. Live in one unit and let the rest of the building generate income, or lease it all for multiple income streams. The main level offers a retail space ideal for a coffee shop, boutique or professional business, plus a separate rentable office space, a common entry with mail area, and 4 garage stalls. Plans are drawn for two upper-level apartments: a 3 bedroom, 2 bath unit and a 1 bedroom, 1 bath unit, each with an open living room, kitchen with dining area and in-unit laundry. That makes it a great fit for an owner-occupant, long-term rentals, short-term rentals, or a home base while you travel. A value-add project for investors, owner-users and live/work buyers ready to bring their vision. Schedule your tour today!
Property Highlights
Property Type: Commercial - Retail
Building Description: 2.0 stories
Year Built: 1925
General Information
County: Stephenson
Listed By:
RE/MAX Unites
815-297-1778
MRED MLS
MLS ID: 12806379
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2 W Spring Street, Freeport, IL 61032.
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563-441-1862
toll free 866-441-1862
Customize Your Rate
| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $200,000 | $200,000 | $200,000 |
| Down Payment | $40,000 | $7,000 | $50,000 |
| Monthly Mortgage Amount | $1,038 | $1,290 | $1,286 |
| Taxes | $278 | $278 | $278 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $88 | $0 |
| Monthly Estimated Total | $1,416 | $1,756 | $1,664 |
Susan Rekward
REALTOR®
Cell: (319) 430-1701
Licensed in IA
Iowa City Office
1075 Highway 1 West
Iowa City, IA 52246
(319) 351-7845
Iowa City, IA 52246
(319) 351-7845
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