NOT LISTED FOR SALE

1560 Il Route 75 E Freeport, IL 61032

Estimated Value: $955,500

Studio
-- Bath
32,500 Sq Ft
$29/Sq Ft Est. Value

Sale Details

Date Sold: December 5, 2024

Last sale price $800,000 $25 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $6,902 / mo

230 Days on Market

Highlights

  • 9.45 Acre Lot
  • Commercial or Retail Space
  • Tile Flooring

About This Home

As of December 2024

This expansive 30,000 square foot commercial building is strategically located on a bustling state highway, offering exceptional visibility and accessibility for businesses and clients alike. The facility boasts impressive 35-foot ceilings, providing ample vertical storage and accommodating a variety of industrial operations. Equipped with 5 and 10 ton overhead cranes, the warehouse enhances operational efficiency for manufacturing or logistics tasks. The building is designed to support heavy equipment and machinery, featuring a robust electrical system with 1,200 amps of power at 440 volts, ensuring that all operational needs are met with ease. In addition to the warehouse space, the facility includes 2,500 square feet of well-designed office space. This area features a modern layout with private offices, open workspaces, , all illuminated by natural light from large windows. The office environment is both productive and inviting, perfect for employees and clients alike. Ample loading docks and parking spaces facilitate seamless deliveries and provide easy access for staff and visitors. With its prime location along a major state highway, this property not only ensures excellent transportation links but also positions businesses to attract customers from a wide catchment area. This commercial building represents a prime opportunity for businesses looking to expand or establish a strong presence in a thriving market.

Last Agent to Sell the Property

Brian Borchardt

A-1 AGENCY License #471004534 Listed on: 04/10/2024

Last Buyer's Agent

Brian Borchardt

A-1 AGENCY License #471004534 Listed on: 04/10/2024

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $20,643

Year Built

  • Built in 1975

Lot Details

  • 9.45 Acre Lot

Home Design

  • 32,500 Sq Ft Home
  • Commercial or Retail Space
  • Slab Foundation
  • Metal Siding

Flooring

  • Concrete
  • Tile

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Well
  • Natural Gas Water Heater
  • Septic System

Property Details

Property Type

Other

Est. Annual Taxes

$20,643

Year Built

Built in 1975

Lot Details

9.45 Acres

Listing Details

  • Electric: Combination
  • Class: COMMERCIAL/INDUSTRIAL
  • Exemptions: None
  • Type: Commercial
  • Agent Only_ L A1 User Code: F_5
  • Hold Earnest Money Y N: No
  • Designated Managing Broker Y N: Yes
  • Key Y N: Yes
  • Merc Manuf Sq Ft: 30000
  • Number Doors: 8
  • Assessor Parcel Number: 071428401005
  • Sprinkler Yn: No
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Walls: Other
  • Insulation: Builder Specifications
  • Basement: Slab
  • Total Finished Sq Ft: 32500
  • Flooring: Tile, Concrete

Exterior Features

  • Exterior: Metal
  • Roof: Other

Utilities

  • Sewer: Septic
  • Water: Well
  • Water Heater: Natural Gas
  • Air Conditioner: None
  • Heat: Gas

Lot Info

  • Number Of Acres: 9.45

Building Info

  • Year Built: 1975

Rental Info

  • Tenant: HB Plastics

Tax Info

  • Year: 2022
  • Taxes: 20643

Multi Family

  • Lease: No

MLS Schools

  • School District: Freeport 145

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2024
Closed on
Dec 10, 2024
Sold by
Hbp Inc
Bought by
R V L Metals Inc
Seller's Agent
Brian Borchardt
A-1 AGENCY
Buyer's Agent
Brian Borchardt
A-1 AGENCY
List Price
$975,000
Sold Price
$800,000
Premium/Discount to List
-$175,000
-17.95%
Current Estimated Value
$955,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,500

Purchase Details

Closed on
Sep 30, 2009
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
R V L Metals Inc $800,000 --
-- $400,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2024 12/05/24 Sold $800,000 -1.5% $25 / Sq Ft
11/26/2024 11/26/24 Pending -- -- --
10/02/2024 10/02/24 Price Changed $812,500 -16.7% $25 / Sq Ft
04/10/2024 04/10/24 For Sale $975,000 -- $30 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $22,045 $191,289 $39,197 $152,092
2023 $20,529 $188,872 $38,702 $150,170
2022 $20,642 $188,872 $38,702 $150,170
2021 $21,160 $188,872 $38,702 $150,170
2020 $21,793 $188,872 $38,702 $150,170
2019 $21,580 $185,168 $37,943 $147,225
2018 $21,424 $183,334 $37,567 $145,767
2017 $21,433 $183,334 $37,567 $145,767
2016 $24,502 $211,345 $28,368 $182,977
2015 $23,975 $208,222 $27,949 $180,273
2013 $23,178 $218,520 $29,331 $189,189
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202401562

NorthWest Illinois Alliance of REALTORS®

APN: 07-14-28-401-005

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