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Hometown Real Estate
7700 W. Belmont Ave
Chicago , IL 60634
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888 317 9983
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222 Exchange Street
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Status: Active (For Sale)
Type: Commercial
Subtype: Mixed Use
Year Built: 1900
MLS ID: 12522183


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Overview
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Downtown Freeport Mixed-Use Investment | Multiple Income Streams Strategically located in the heart of downtown Freeport, this multi-level mixed-use building presents an exceptional opportunity for investors seeking diversified and scalable income. The property features multiple finished levels anchored by a second-level residential loft apartment with five bedrooms, ideal for executive housing, short- or long-term rental, or owner occupancy. The commercial component consists of 21 individual rentable spaces, well-suited for salon suites, professional offices, and service-oriented businesses, allowing for tenant diversification and strong demand across multiple business sectors. The building is equipped with a functional elevator, enhancing accessibility and broadening tenant appeal. Additional highlights include ample on-site parking, a high-visibility downtown location, and close proximity to dining, retail, and civic amenities-driving consistent foot traffic and long-term tenancy. This asset offers multiple revenue streams, flexible leasing configurations, and value-add potential through lease optimization or repositioning. Ideal for investors, owner-operators, or portfolio expansion, this downtown Freeport property combines residential income, commercial stability, and strong location fundamentals in one compelling offering.

Courtesy Of: NextHome First Class


Feature Highlights


  • Built Before 1978

General Features


List Date:
12/11/2025

Exterior Features and Amenities


Lot Size Dimensions:
120x120

Financial


Days On Market:
153
Tax Annual Amount:
$4,800.00
Tax Year:
2024


Directions


US RT 20 W to IL RT 26 S to Galena Ave to Exchange St

Availability Calendar


- Available - Unavailable

Rental Rates


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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of MRED LLC. Real Estate listings held by brokerage firms other than Hometown Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data last updated: 2026-05-14
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Copyright 2026 MRED LLC

The information presented here is deemed reliable, though not guaranteed.
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About
Contact Events Blog Nikki Mayer
Buyers
Buyer's Resources Dream Home Finder Buyer Agent Information
Sellers
Seller's Resource Market Analysis
Listings
Search Listings Buyer Agents Hometown Real Estate Group Listings Office Listings Featured Listings Recently Sold Untitled Untitled
Community
Resources
Mortgage Info
Mortgage Calculator Mortgage Rates Loan Quote
Our Agents
Meet Our Agents