211 E Stephenson Street

Description

Opportunity for a multi-use property within the downtown area of Freeport within Enterprise Zone. Being listed as the address of 211 E Stephenson St, 211 1/2 E Stephenson St is also part of this building and sale. 211 is a large commercial office with multiple separated spaces; a bathroom with sink and toilet, a kitchenette, rear exit door, unfinished basement, high ceilings, and excellent visibility on Stephenson Street. Tenant responsible for all utilities in their unit (gas, water, electric), as designated on current lease. 211 1/2 consists of four 1 bedroom/1 bath apartments; two on the second floor, and two on the third floor. Each unit has their own furnace (gas forced air), and gas and electric meter. Tenants are responsible for their own gas and electricity utilities as designated on current leases. Owner is responsibly for water/sewer/garbage utilities, and the common hallway electric. Some updates to the apartments include new water heaters for Unit 3 and 4 in 2021 and 2022, and a new furnace for Unit 3 in 2018. The city of Freeport has a 24-hour parking lot diagonally across of Stephenson Street from this building for patrons and tenants to utilize; street parking also available. All units are current on rental balances and charges historically and at this time. Financial information can be shared at request, and with permission of owner. Will require 48 hours notice and approval to show; Owner and/or Listing Agent to be present for showings unless otherwise stated at time of scheduling. Photos shown of the exterior of the building are current. Photos of units were taken prior to tenancies. Buyer to verify all information, details and measurements. Owner/seller is an Illinois Licensed Leasing Agent.