Escape the city and step into immediate entrepreneurship with this unparalleled 22-acre income-generating estate at 395 W Cedarville Rd, perfectly optimized as a premier destination wedding venue, boutique B&B, cafe, or private retreat. This turnkey property seamlessly blends historical charm and high-capacity infrastructure, featuring a historic 1860 brick home with 4 bedrooms, 10-foot ceilings, and original woodwork alongside a modern, ADA-compliant 60'x40' commercial facility equipped with a licensed kitchen, custom bar, retail/event space, and green SIP construction. The outdoor event center—averaged over 50 events annually—boasts a 2,088 sq ft shelter, the remodeled "Crib" with stage and bar service, parking for 100 cars, and independent well and septic systems. Set across picturesque acreage complete with a winding creek and a signature covered bridge built from repurposed 1840s timber, this exceptional property offers easy highway access and newly installed fiber internet for the ultimate balance of country tranquility and commercial opportunity.
For sale
$625,000
395 W Cedarville Rd, Freeport, IL 61032
4beds
2,400sqft
Single Family Residence
Built in 2008
22 Acres Lot
$609,700 Zestimate®
$260/sqft
$-- HOA
What's special
Original woodworkPicturesque acreageWinding creekOutdoor event centerGreen sip constructionCustom barLicensed kitchen
- 23 days
- 616
- 40
Zillow last checked:
Listing updated:
Listed by:
David Larson 815-201-1227,
Keller Williams Realty Signature
Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202606417
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 3
Primary bedroom
- Level: Upper
- Area: 240
- Dimensions: 16 x 15
Bedroom 2
- Level: Upper
- Area: 195
- Dimensions: 15 x 13
Bedroom 3
- Level: Upper
- Area: 180
- Dimensions: 15 x 12
Bedroom 4
- Level: Upper
- Area: 144
- Dimensions: 12 x 12
Dining room
- Level: Main
- Area: 228
- Dimensions: 19 x 12
Kitchen
- Level: Main
- Area: 208
- Dimensions: 16 x 13
Living room
- Level: Main
- Area: 420
- Dimensions: 28 x 15
Heating
- Geothermal, Propane
Cooling
- Central Air, Geothermal
Appliances
- Included: Dishwasher, Refrigerator, Stove/Cooktop, Wall Oven, Water Softener, Gas Water Heater
Features
- Basement: Full
- Attic: Storage
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 2,400
- Total interior livable area: 2,400 sqft
- Finished area above ground: 2,400
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Detached
- Garage spaces: 4
Features
- Levels: Two
- Stories: 2
Lot
- Size: 22 Acres
- Features: Full Exposure, Horses Allowed, Agricultural
Details
- Additional structures: Garden Shed, Outbuilding
- Parcel number: 1406200002
- Horses can be raised: Yes
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick/Stone, Siding
- Roof: Shingle,Metal
Condition
- Year built: 2008
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Subdivision: IL
Location
- Region: Freeport
Financial & listing details
- Price per square foot: $260/sqft
- Tax assessed value: $556,404
- Annual tax amount: $18,903
- Price range: $625K - $625K
- Date on market: 10/9/2026
- Ownership: Fee Simple
Estimated market value
$609,700
$579,000 - $640,000
$1,992/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/9/2026 | Listed for sale | $625,000-3.8%$260/sqft |
Source:  NorthWest Illinois Alliance of REALTORS® #202606417 Report a problem | ||
| 9/1/2026 | Listing removed | $650,000$271/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202507288 Report a problem | ||
| 6/11/2026 | Price change | $650,000-4.4%$271/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202507288 Report a problem | ||
| 6/8/2026 | Listed for sale | $680,000$283/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202507288 Report a problem | ||
| 4/30/2026 | Pending sale | $680,000$283/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202507288 Report a problem | ||
| 12/14/2025 | Listed for sale | $680,000+13.3%$283/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202507288 Report a problem | ||
| 6/10/2021 | Sold | $600,000-4%$250/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202001050 Report a problem | ||
| 4/9/2021 | Pending sale | $625,000$260/sqft |
Source:  RE/MAX International #1899621 Report a problem | ||
| 12/21/2020 | Listed for sale | $625,000-16.7%$260/sqft |
Source: RE/MAX Property Source #10652993 Report a problem | ||
| 3/2/2020 | Listed for sale | $750,000-3.7%$313/sqft |
Source: Century 21 Affiliated #10652993 Report a problem | ||
| 1/14/2020 | Listing removed | $779,000$325/sqft |
Source: Berkshire Hathaway HomeServices Chicago #10359430 Report a problem | ||
| 6/6/2019 | Price change | $779,000-40.1%$325/sqft |
Source: Berkshire Hathaway HomeServices KoenigRubloff Realty Group #10359430 Report a problem | ||
| 4/28/2019 | Listed for sale | $1,300,000-42.2%$542/sqft |
Source: Berkshire Hathaway HomeServices KoenigRubloff #10359430 Report a problem | ||
| 11/16/2018 | Listing removed | $2,250,000$938/sqft |
Source: Jameson Sotheby's International Realty #09958356 Report a problem | ||
| 8/28/2018 | Listed for sale | $2,250,000$938/sqft |
Source: Jameson Sotheby's International Realty #09958356 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $18,214 +6.8% | $185,468 +15.2% |
| 2023 | $17,061 -0.6% | $161,028 +1.6% |
| 2022 | $17,170 +4.8% | $158,501 +7.4% |
| 2021 | $16,386 +16% | $147,647 +14.1% |
| 2020 | $14,123 +1.1% | $129,391 +2% |
| 2019 | $13,963 +0.7% | $126,810 +1.1% |
| 2018 | $13,870 +2.8% | $125,427 +2.7% |
| 2017 | $13,497 +17.6% | $122,107 +15.6% |
| 2016 | $11,477 +2.3% | $105,618 +1.5% |
| 2015 | $11,215 +3.9% | $104,023 -4% |
| 2013 | $10,793 | $108,359 -5.3% |
| 2010 | -- | $114,421 +5.6% |
| 2009 | -- | $108,381 +30.5% |
| 2008 | -- | $83,070 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 61032
Nearby schools
Schools provided by the listing agent
- Elementary: Freeport
- Middle: Freeport Jr High
- High: Freeport High
- District: Freeport 145
Source: NorthWest Illinois Alliance of REALTORS®. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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