Listing Agency: eXp Realty LLC n***@thenateevansgroup.com Show Phone

Listed By: Nate Evans · License #IL 474.124281

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 31 at 6:30AM

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Investment Insights

Based on property information with market context.

Located at 301 N Central St in Gilman, Illinois, this mixed-use property combines three renovated upstairs apartments with a commercial area on the main level. Each apartment measures 700 sqft and includes two bedrooms and one bathroom. The units have updated kitchens, bathrooms, HVAC systems, plumbing, electrical systems, and flooring, and all three are fully rented.

The main level includes office areas and a showroom. Improvements include new drywall and fresh paint, providing a clean interior for continued storage use or a future business build-out. The combination of occupied residential units and a separate commercial component creates a property with distinct uses within one building.

Key Highlights

• Three upstairs apartments, each with 700 sqft, 2 bedrooms, and 1 bathroom
• All 3 residential units are fully rented
• Recently renovated kitchens, bathrooms, HVAC systems, plumbing, electrical, and flooring

Property Analytics

Property Profile

Current Use

Triplexes

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.

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 Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Three renovated upstairs apartments accompany a flexible main-level commercial area.

Where is this mixed-use property located?

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

What are key features of this property?

This property features: Three upstairs apartments, each with 700 sqft, 2 bedrooms, and 1 bathroom; All 3 residential units are fully rented; Recently renovated kitchens, bathrooms, HVAC systems, plumbing, electrical, and flooring