Skip main navigation
For sale
    • Price cut: $30K (6/11)
    $650,000

    395 W Cedarville Rd, Freeport, IL 61032

    4beds
    2,400sqft
    : 
    $4,758/mo
    Get pre-qualified
    Single Family Residence
    Built in 2008
    22 Acres Lot
    $618,000 Zestimate®
    $271/sqft
    $-- HOA

    What's special

    Original woodworkTwo-story brick homeHistoric brick homeFloor-to-ceiling windows
    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.
    226 days
    |
    522
    |
    17
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    David Larson 815-201-1227,

    Keller Williams Realty Signature

    Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202507288MLS Logo

      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: $271/sqft
      • Tax assessed value: $556,404
      • Annual tax amount: $18,214
      • Price range: $650K - $650K
      • Date on market: 12/14/2025
      • Cumulative days on market: 205 days
      • Ownership: Fee Simple

        Estimated market value

        $618,000

        $587,000 - $649,000

        $2,148/mo

        Price history

        DateEventPrice
        6/11/2026Price change$650,000-4.4%$271/sqft
        Source: NorthWest Illinois Alliance of REALTORS® #202507288 Report a problem
        6/8/2026Listed for sale$680,000$283/sqft
        Source: NorthWest Illinois Alliance of REALTORS® #202507288 Report a problem
        4/30/2026Pending sale$680,000$283/sqft
        Source: NorthWest Illinois Alliance of REALTORS® #202507288 Report a problem
        12/14/2025Listed for sale$680,000+13.3%$283/sqft
        Source: NorthWest Illinois Alliance of REALTORS® #202507288 Report a problem
        6/10/2021Sold$600,000-4%$250/sqft
        Source: NorthWest Illinois Alliance of REALTORS® #202001050 Report a problem
        4/9/2021Pending sale$625,000$260/sqft
        Source: RE/MAX International #1899621 Report a problem
        12/21/2020Price change$625,000-16.7%$260/sqft
        Source: RE/MAX Property Source #10652993 Report a problem
        3/2/2020Listed for sale$750,000-3.7%$313/sqft
        Source: Century 21 Affiliated #10652993 Report a problem
        1/14/2020Listing removed$779,000$325/sqft
        Source: Berkshire Hathaway HomeServices Chicago #10359430 Report a problem
        6/6/2019Price change$779,000-40.1%$325/sqft
        Source: Berkshire Hathaway HomeServices KoenigRubloff Realty Group #10359430 Report a problem
        4/28/2019Listed for sale$1,300,000-42.2%$542/sqft
        Source: Berkshire Hathaway HomeServices KoenigRubloff #10359430 Report a problem
        11/16/2018Listing removed$2,250,000$938/sqft
        Source: Jameson Sotheby's International Realty #09958356 Report a problem
        8/28/2018Listed for sale$2,250,000$938/sqft
        Source: Jameson Sotheby's International Realty #09958356 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: 61032

        Getting around

        2 / 100
        Car-Dependent
        21 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

        Browse local experts

        Similar homes

              Nearby cities

              Nearby neighborhoods

              Nearby zip codes

              Other Freeport Topics

                Search
                Updates
                Favorites
                Plan
                Inbox