395 W Cedarville Rd Freeport, IL 61032
Estimated payment $5,098/month
Highlights
- Horses Allowed in Community
- Brick or Stone Mason
- Agricultural
- 22 Acre Lot
- Shed
- Central Air
About This Home
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.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $18,214
Year Built
- Built in 2008
Lot Details
- 22 Acre Lot
- Property fronts a county road
Home Design
- House
- Brick or Stone Mason
- Shingle Roof
- Metal Roof
- Siding
Interior Spaces
- 2-Story Property
- Wood Burning Fireplace
- Basement Fills Entire Space Under The House
- Storage In Attic
Kitchen
- Built-In Oven
- Stove
- Gas Range
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
Parking
- 4 Car Garage
- Driveway
Outdoor Features
- Shed
- Outbuilding
Schools
- Freeport Elementary School
- Freeport Jr High Middle School
- Freeport High School
Farming
- Agricultural
Utilities
- Central Air
- Geothermal Heating and Cooling
- Heating System Uses Propane
- Well
- Gas Water Heater
- Water Softener
- Septic System
Community Details
- Horses Allowed in Community
Map
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 | $18,214 | $161,393 | $14,288 | $147,105 |
| 2023 | $17,061 | $159,137 | $13,802 | $145,335 |
| 2022 | $17,170 | $147,647 | $12,472 | $135,175 |
| 2021 | $16,386 | $147,647 | $12,472 | $135,175 |
| 2020 | $14,123 | $129,391 | $12,197 | $117,194 |
| 2019 | $13,963 | $126,810 | $11,776 | $115,034 |
| 2018 | $13,870 | $125,427 | $11,462 | $113,965 |
| 2017 | $13,497 | $122,107 | $11,256 | $110,851 |
| 2016 | $11,477 | $105,618 | $7,194 | $98,424 |
| 2015 | $11,215 | $104,023 | $6,949 | $97,074 |
| 2013 | $10,793 | $108,359 | $6,833 | $101,526 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/29/2026 04/29/26 | Pending | -- | -- | -- | |
| 11/26/2025 11/26/25 | For Sale | $680,000 | +13.3% | $283 / Sq Ft | |
| 06/10/2021 06/10/21 | Sold | $600,000 | 0.0% | $250 / Sq Ft | View Prior Sale |
| 06/10/2021 06/10/21 | Sold | $600,000 | -4.0% | $250 / Sq Ft | View Prior Sale |
| 04/06/2021 04/06/21 | Pending | -- | -- | -- | |
| 03/22/2021 03/22/21 | Pending | -- | -- | -- | |
| 12/21/2020 12/21/20 | Price Changed | $625,000 | 0.0% | $260 / Sq Ft | |
| 12/21/2020 12/21/20 | For Sale | $625,000 | -16.7% | $260 / Sq Ft | |
| 03/02/2020 03/02/20 | For Sale | $750,000 | -- | $313 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $257,000 | -- |
Source: NorthWest Illinois Alliance of REALTORS®
MLS Number: 202507288
APN: 07-14-06-200-002
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Ask me questions while you tour the home.