Skip to main contentSkip to navigation
1 / 47

Improved Mixed-Use Land for Sale in Freeport, Illinois

395 W Cedarville Rd, Freeport, IL 61032

$680,000
22 acres
Pending sale
Under contract

Check out this one of a kind property and escape the city and become your own boss with this unparalleled 22-acre income-generating property, perfectly suited for use as a B&B, cafe, retreat, or premier destination wedding venue. This unique offering combines a historic brick home, a modern ADA-compliant commercial building, and an established outdoor event center. The Commercial Building is a 60'x40' facility built in 2008, featuring a commercial licensed kitchen, a retail area with a custom bar, an events room, and a walk-out lower level with temperature-controlled rooms. This building boasts green features including Passive Solar, a NuAir Heat Exchanger, and high R-value SIP construction. Fiber internet has also been recently installed. The Outdoor Event Center includes the remodeled "Crib" with bar service and a stage, attached to a 2,088 sqft shelter, and has a proven track record, averaging 51 events annually. The business includes dedicated parking for up to 100 cars and separate infrastructure including its own well and septic system. The Residential Component is a two-story brick home (approx. 2,400 sqft, built 1860) with 4 bedrooms and 2 baths, featuring 10-foot ceilings, original woodwork, and floor-to-ceiling windows, offering high potential for a B&B conversion. The picturesque 22-acre grounds include a creek, crossed by two bridges, notably a stunning covered bridge built with 1840's repurposed barn wood, and is located on a paved road with easy access to IL Hwys 26, 20, and 75.

2,400
Sq feet
4
Beds
2
Full baths
2008
Built

Location

Street address
395 W Cedarville Rd
Zip code
61032
School district
Freeport 145
Elevation
816 feet
Coordinates
42.3739, -89.6194

Property details

Acreage
22 acres
MLS #
RAAR 202507288
Posted

Property taxes

2025
$18,214 - Per Title

Parcels

  • 1406200002

Details and features

Listing

Type
Residential
Franchise
Keller Williams Realty

Lot

Features
Agriculture

Exterior

Structures
Storage

Structure

Stories
2
Water
Well
Heating
Geothermal, Propane
Cooling
Central Air
Roof
Metal, Shingle

Interior

Rooms
Basement, Bathroom x 2, Bedroom x 4
Fireplaces
Yes
Appliances
Dishwasher, Refrigerator, Stove/Cooktop, Wall Oven, Water Softener
Features
Attic Storage

Property utilities

CategoryTypeStatus
GasPropaneConnected

Nearby schools

NameTypeDistrict
FreeportElementaryFreeport 145
Freeport JR HighMiddleFreeport 145
Freeport HighHighFreeport 145

Listing history

DateEventPriceChangeSource
Apr 30, 2026Under contract$680,000RAAR
Dec 15, 2025New listing$680,000RAAR
Subscribe to listing updates

Payment calculator

This 22-acre property is located at 395 W Cedarville Rd in Freeport, IL 61032. The property is pending sale. It has a 2,400 sq ft 4 bedroom, 2 bath house built in 2008.

Listed by Keller Williams Realty Signature, (815) 315-1111

Checked 2 hours agoUpdated Source

Report listing issue

Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Contact listing agent Rules
By submitting, I agree to the terms of use and to be contacted by real estate professionals. Message and data rates may apply.
Contact