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About This Home

This 4-bedroom, 2-bathroom single family at 395 W Cedarville in FREEPORT, IL is listed for $680,000 ($486 per sqft). the home offers 1,400 sqft of living space on a 22.00 acres lot.

Agent Description

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.

Key Features

  • 22.00 acre lot
  • 2 stories
  • 4 parking spaces
  • Fireplace

Property Details

2 stories
2 full
4 spaces

Amenities

FireplaceBasement

Monthly Cost Estimate

$3,637/mo

20% down · 6.5% · 30 years

Principal$492
Interest$2,947
Insurance$198

Estimates only. Actual payments may vary.

Location

395 W Cedarville

FREEPORT, IL 61032

Features & Amenities

Interior Features

Horses Allowed

Exterior Features

Garden ShedOut Building(s)Full Exposure

Property Details

Construction

BrickStone

Parking

Garage

Heating

Fireplace(s)Geothermal (Heating)Propane (Heating)

Cooling

Central AirGeothermal

Appliances

CooktopDishwasherRefrigeratorWasherWater - Softener

Questions & Answers

This 4-bedroom, 2-bathroom single family at 395 W Cedarville is listed at $680,000 ($486/sqft). The estimated monthly payment is $2,947 based on 20% down at 6.5% interest.

Key features include: 22.00 acre lot, 2 stories, 4 parking spaces, Fireplace. Interior Features: Horses Allowed. Exterior Features: Garden Shed, Out Building(s), Full Exposure.

This property is listed by David Larson and can be reached at 8152011227 or listwithlarson@kw.com.

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DL

David Larson

Agent at Keller Williams Realty Signature

(815) 201-1227

Listed by Keller Williams Realty Signature · View on Broker Site

MLS# 202507288· Source: listhub· Updated 135 days ago

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.

395 W Cedarville, FREEPORT, IL 61032

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