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$350,000 -$15,000 (-4.11%) Price Reduced

  • For Sale
  • Active
  • Commercial
  • 8,300 Sq. Ft.
  • Updated 1 day ago
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Prime Commercial Building on Business 20 - Freeport ***Excellent visibility (IDOT TRAFFIC COUNTS 9,500 daily) and accessibility on Business 20 as you enter the Beltline into Freeport! This versatile 8,300 sq. ft. commercial building offers a mix of office and storage space, ideal for a wide variety of business uses. The original 3,200 sq. ft. structure, built in 1974, features 13-foot ceilings with a distinctive barrel roof. A 5,100 sq. ft. addition, constructed in 1994, provides expansive open space with over 14-foot ceilings, offering flexibility for storage, light industrial use, or expanded office layouts. Asphalt Parking Lot. Split into Storage and Offices, 2 bathrooms, HVAC and Electric updates.

Full Property Details for 115 E South St

General

  • Price: $350,000
  • Taxes: $6,711 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12462470
  • Updated: 5/11/2026
  • Added to Site: 244 day(s) ago

Interior

  • Interior Features: Private Restroom(s)
  • Flooring: Concrete

Location

  • Area: Freeport
  • County: Stephenson
  • Township: Silver Creek
  • Driving Directions: US RT 20 W to IL RT 26 S to South St
  • Location Details: Far West, Mixed-Use Area

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Ceiling Units, Electric, Gas

Structural Information

  • Construction: Steel Siding
  • Exterior Const.: Steel Siding
  • Roof: Composition, Metal, Rubber
  • Sub-Flooring: Concrete
  • Stories/Levels: 1
  • Square Feet: 8,300
  • Current Bldg. Use: Commercial
  • Year Built: 1947
  • Built Before 1978: Yes

Unit Information

  • # Tenants: 1

Lot Features

  • Lot Size (Sq. Ft.): 21,029
  • Lot Dimensions: 108 x 240 x 108 x 195.91
  • Frontage: City Street
  • Zoning: COMMR

Financial Considerations

  • Assessment Year: 1947
  • Tax Amount: $6,711
  • Tax Year: 2024
  • Tenant Pays: Electricity, Heat, Taxes

Disclosures and Reports

  • Property ID: 4190642600700

Listed by NextHome First Class

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— 115 E South St —

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NMLS#: 1598647

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NMLS#: 1598647

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Schools serving 115 E South St

School District:Freeport School District 145
NameGradesDistance
Freeport High School
701 West Moseley Street, Freeport, IL 61032
9-120.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 115 E South St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/11/2026
Price Reduced
$350,000
-4.11%
MLS
1/22/2026
Price Reduced
$365,000
-6.39%
MLS
9/11/2025
Listed
$389,900
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 115 E South St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,712
8%
$50,885
1%
2023
$6,197
-2%
$50,276
—
2022
$6,339
-6%
$50,276
—
2021
$6,739
13%
$50,276
11%
2020
$5,975
1%
$45,276
2%
2019
$5,934
21%
$44,388
3%
2018
$4,889
—
$43,200
—
2017
$4,887
-6%
$43,200
-7%
2016
$5,206
2%
$46,618
2%
2015
$5,088
—
$45,929
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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115 E South Street, Freeport, IL 61032 (MLS# 12462470) is a Commercial property. 115 E South Street is currently listed for $350,000 and was received on September 11, 2025. Want to learn more about 115 E South Street? Do you have questions about finding other Commercial real estate for sale in Freeport? You can browse all Freeport real estate or contact a Coldwell Banker agent to request more information.

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