Listing Agency: North Star Equities n***@svn.com Show Phone

Listed By: Noah Ruggieri · License #471019691 Show Phone

Source: Svn

Added: Nov 21, 2025 Changed: Jul 6 Last Checked: Aug 1 at 3:24AM

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Investment Insights

Based on property information with market context.

Located in Central Illinois, 301 N Central St is a commercial property available for lease, offering a versatile space suitable for retail, office, or restaurant use. The property features customizable floor plans to cater to diverse business needs. Ample parking is available for visitors and employees. The property benefits from a high-traffic location with excellent visibility. The location provides access to dining options such as the Country Kettle and Dry Dock Grill. Outdoor recreational spaces, including the Iroquois County State Conservation Area, are located nearby. The property is situated in Gilman, offering a mix of amenities and attractions. The property provides easy access to major transportation routes and a thriving local community. The available space is 1586 square feet. The lease is offered on a gross lease basis.

Key Highlights

• High‑traffic location with excellent visibility
• Versatile space suitable for retail, office, or restaurant use
• Customizable floor plans to cater to diverse business needs

Property Analytics

Property Profile

Current Use

Office Units

Suggested Use

Top Pick Building Supply Real Estate Agency Parking Lot & Garage HVAC Service Hair Salon Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Gross

Lease Type

Location Intelligence

Trade Area within ½ mile

133

Businesses Nearby

Explore this area Business Placement

Demographics for 60938, IL

2,080

Population

953

Households

2.2

Avg Household Size

42

Median Age

18%

College-Educated

86%

High-School Grad

51.1 sq mi

ZIP Area

41

Density / Sq Mi

$66,979

Median Household Income

$40,865

Median Earnings

$702

Median Rent

$122,900

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office units - Adaptable commercial property suitable for retail, office, or restaurant.

Where is this office units located?

The property is located at 301 N Central St Gilman, IL.

What is the lease rate?

The lease rate is $250 SF/Yr.

What are key features of this property?

This property features: High‑traffic location with excellent visibility; Versatile space suitable for retail, office, or restaurant use; Customizable floor plans to cater to diverse business needs