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Property Description
An exceptional opportunity to acquire a substantially repositioned, income-producing commercial asset in a highly visible Freeport location. Strategically situated directly across from the high-traffic Farm & Fleet retail center, this established operation combines prominent exposure, significant recent capital investment, modernized infrastructure, and turnkey functionality; creating a compelling acquisition opportunity for investors and owner-operators alike. Under current ownership, the property has undergone an extensive capital improvement program designed to elevate operational performance, customer experience, asset longevity, and overall marketability. The result is a professionally maintained commercial property that has already absorbed many of the major expenditures commonly associated with acquiring and repositioning an established operating asset. Recent improvements include a brand-new Soft Touch Automatic system and state-of-the-art TouchFree Automatic, providing multiple automated service platforms and enhanced revenue-generating capability. A WashCard Credit Card System has been incorporated to accommodate contemporary cashless transactions and improve customer convenience. Critical mechanical infrastructure has also been upgraded, including a new boiler and dedicated heater servicing the touchless system. Additional capital improvements include new roll-up doors, updated interior and exterior paint, high-efficiency LED lighting, enhanced exterior signage, and numerous property-level improvements intended to support operational reliability and presentation. Ownership has further invested in the exterior site through comprehensive parking-lot repairs and professional resealing, along with the installation of post-and-chain systems at the entrance and exit to better define traffic circulation and property access. Three self-service bays have additionally been upgraded with new quarter acceptors, expanding functionality across the operation. This property represents substantially more than the acquisition of real estate. It is an opportunity to acquire an established commercial operation supported by a strategically positioned physical asset, extensive recent capital expenditures, upgraded systems, and infrastructure designed for continued performance. For investors evaluating replacement-cost exposure, deferred-maintenance risk, and immediate capital requirements, the property presents a particularly compelling proposition: much of the heavy lifting has already been completed. With its prominent commercial location, established operating history, modernized equipment package, significant recent investment, and turnkey positioning, this asset offers the characteristics sophisticated investors seek durable real estate, operational infrastructure, multiple revenue-generating components, and the opportunity for continued long-term value creation. A rare opportunity to acquire one of Freeport's most comprehensively improved commercial properties and an established business operation positioned for its next chapter of ownership.
Full Property Details
Full Property Details for 731 Midwest Ct
General
- Price: $1,750,000
- Taxes: $9,379 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12734303
- Updated: 8/16/2026
- Added to Site: 2 day(s) ago
Interior
- Interior Features: Overhead Door(s), Private Restroom(s), Storage Inside, Storage Tank
Additional Information
- Security/Safety: Other
Location
- Area: Freeport
- County: Stephenson
- Driving Directions: 26 North turn onto Midwest Court
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Unit
Utilities
- Trash: 2182
Structural Information
- Construction: Brick, Block
- Exterior Const.: Brick, Block
- Drive-In Doors: 8
- Stories/Levels: 1
- Square Feet: 5,307
- Year Built: 1982
Unit Information
- Extra Storage Avail: Yes
Lot Features
- Lot Size (Acres): 2.33
- Lot Size (Sq. Ft.): 101,494
- Lot Dimensions: 182 x 556
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Insurance Fee: $11,914
- Other Fee: $36,440
- Security Deposit: Other
- Assessment Year: 1982
- Tax Amount: $9,379
- Tax Year: 2025
- Tenant Pays: Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Insurance, Repairs, Roof, Sewer
- Pays Trash: 2182
Disclosures and Reports
- Property ID: 18190630100300
Listed by @properties Christie's International Real Estate
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Schools
Schools serving 731 Midwest Ct
School District:Freeport School District 145
| Name | Grades | Distance |
|---|---|---|
Empire Elementary School 1325 West Empire Street, Freeport, IL 61032 | PK-4 | 1 mi |
Freeport Middle School 701 West Empire Street, Freeport, IL 61032 | 7-8 | 0.6 mi |
Freeport High School 701 West Moseley Street, Freeport, IL 61032 | 9-12 | 0.7 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 731 Midwest Ct
Date
Details
Price
Change
Source
8/16/2026
Listed
$1,750,000
—
MLS
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
Tax History for 731 Midwest Ct
Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,379
-9%
$91,911
—
2024
$10,291
-7%
$91,911
6%
2023
$11,018
2%
$86,643
—
2022
$10,754
-6%
$86,643
3%
2021
$11,446
5%
$83,940
—
2020
$10,922
-1%
$83,940
—
2019
$11,067
2%
$83,941
2%
2018
$10,855
—
$82,170
—
2017
$10,857
1%
$82,170
—
2016
$10,732
50%
$82,170
48%
2015
$7,173
—
$55,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 731 Midwest Ct
731 Midwest Court, Freeport, IL 61032 (MLS# 12734303) is a Commercial property. 731 Midwest Court is currently listed for $1,750,000 and was received on August 16, 2026. Want to learn more about 731 Midwest Court? 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.

