$680,000
PENDING

395 W Cedarville Rd Freeport, IL 61032

Estimated payment $5,098/month

Total Views 15,682
4 Beds
2 Baths
2,400 Sq Ft
$283 Price per Sq Ft

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.

Listing Agent

Dave Larson

Keller Williams Realty Signature License #475173220 Listed on: 11/26/2025

Keller Williams Realty Signature

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,214

Year Built

Built in 2008

Lot Details

22 Acres

Listing Details

  • Interior Amenities: Attic Storage
  • Road Frontage: County/City Road
  • Type: Agriculture
  • Electric: Circuit Breaker
  • Additional Room 5: office, Dimensions: 16x15, On Level: Main
  • Additional Room 6: EatingArea, Dimensions: 40x20, On Level: Main
  • Additional Room 7: 2nd Kit, Dimensions: 20x11, On Level: Main
  • Appliances That Stay or Are Included: Dishwasher, Refrigerator, Stove/Cooktop, Wall Oven, Water Softener
  • Class: HOUSE
  • Estimated Above Grade Sq Ft: 1400
  • Exemptions: Owner
  • General Features: Full Exposure, Garden Shed, Horses Allowed, Out Building(s)
  • Legal Description: Per Title
  • Lot Acreage: 22
  • Lvt Date: 11/25/2025
  • Number of Main Level Full Bathrooms: 1
  • Number of Upper Level Full Bathrooms: 1
  • Number of Lower Level Half Bathrooms: 1
  • Number of Main Level Half Bathrooms: 2
  • Stove Range Fuel: Gas
  • Style: 2 Story
  • Type: House
  • Agent Only_ L A1 User Code: 110217
  • Egress: Yes
  • Elementary School: Freeport
  • Estimated Total Finished Sq Ft: 2400
  • Estimated Upper Sq Ft: 1000
  • Garage Type Driveway: Detached
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: 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.
  • Designated Managing Broker Y N: No
  • Estimated Above Grade Sq Ft: 2400
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Bedrooms: 4
  • Basement Type: Full
  • Master Bedroom: Dimensions: 16x15, On Level: Upper
  • Fireplace Type: Wood
  • Bedroom 2: Dimensions: 15x13, On Level: Upper
  • Bedroom 3: Dimensions: 15x12, On Level: Upper
  • Bedroom 4: Dimensions: 12x12, On Level: Upper
  • Dining Room: Yes, On Level: Main, Dimensions: 19x12
  • Family Room: No
  • Fireplace: Yes
  • Full Bathrooms: 2
  • Kitchen: Dimensions: 16x13, On Level: Main
  • Living Room: Yes, On Level: Main, Dimensions: 28x15
  • Number Of Fireplaces: 1
  • Recreation Room: No
  • Total Bathrooms: 2
  • Basement: Yes

Exterior Features

  • Exterior: Brick/Stone, Siding
  • Roof: Shingle, Metal

Garage/Parking

  • Garage: 4

Utilities

  • Cooling: Central Air, Geothermal
  • Heating: Geothermal, Propane
  • Sewer: Septic
  • Water: Well
  • Water Heater: Gas

Building Info

  • Year Built: 2008

Tax Info

  • Year: 2025
  • Taxes: 18214

MLS Schools

  • HighSchool: Freeport High
  • School District: Freeport 145
  • Middle School: Freeport Jr High

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
Source: Public Records

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
Source: NorthWest Illinois Alliance of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $257,000 --
Source: Public Records

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202507288

NorthWest Illinois Alliance of REALTORS®

APN: 07-14-06-200-002

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