Craig Newcomb
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
Discover a truly unique commercial property where historic significance meets versatile, multi-tenant functionality. Each of the four floors offers its own layout and configuration, creating numerous possibilities for professional offices, medical or dental practices, salons, service-based businesses, educational uses, and a variety of other commercial applications. Originally constructed as a stately school, this impressive building has been thoughtfully redesigned into commercial space while retaining the architectural presence of its original use. This property offers outstanding flexibility for both an investor and an owner-user. The existing subdivision of several larger suites provides opportunities to accommodate businesses of varying sizes, while the building's common areas and accessibility features support a true multi-tenant environment. Whether continued as a multi-tenant commercial property, occupied by a larger organization, or configured for a combination of uses, this former school provides a substantial amount of adaptable space within a building. A rare opportunity to own a distinctive commercial property multiple income-producing spaces, flexible floor plans, and the ability to accommodate a diverse mix of commercial tenants under one roof which is brand new in 2025.
Property Highlights
Property Type: Commercial - Office
Building Description: 4.0 stories
Year Built: 1908
General Information
County: Stephenson
Listed By:
Welcome Home NW Illinois Inc
815-291-2330
MRED MLS
MLS ID: 12770319
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773 W Lincoln Boulevard , 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 | $675,000 | $675,000 | $675,000 |
| Down Payment | $135,000 | $23,625 | $168,750 |
| Monthly Mortgage Amount | $3,593 | $4,409 | $4,410 |
| Taxes | $939 | $939 | $939 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $297 | $0 |
| Monthly Estimated Total | $4,729 | $5,842 | $5,546 |
Craig Newcomb
REALTOR®
Managing Broker
Office: (563) 441-5043
Cell: (563) 340-1035
Licensed in IA & IL
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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