Building Details

Year Built 1877

Buildings 1

Stories 2

Listing Agency: McColly Rosenboom Commercial Bourbonnais r***@aol.com Show Phone

Listed By: Richard Hansen · License #IL

Source: Crexi

Added: Sep 27, 2024 Changed: Aug 9 Last Checked: Aug 12 at 12:38PM

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Investment Insights

Based on property information with market context.

This historic commercial structure, recognized as the oldest surviving in Gilman, Illinois, was originally a flax mill and has housed several other businesses throughout its history. The property, currently vacant, features a substantial stone structure encompassing 29,216 square feet. Its size and construction lend themselves to potential uses such as a banquet hall, restaurant, or motel, among other innovative business concepts.

Key Highlights

• Oldest surviving commercial structure in Gilman
• Huge stone structure suitable for various businesses
• Potential for banquet hall, restaurant, or motel

Property Analytics

Property Profile

Current Use

Mixed-use properties

Suggested Use

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

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Oldest commercial building in Gilman, suitable for various businesses.

Where is this mixed-use property located?

The property is located at 203 W 2nd St Gilman, IL.

What is the asking price?

The asking price for this property is $195,000.

What are key features of this property?

This property features: Oldest surviving commercial structure in Gilman; Huge stone structure suitable for various businesses; Potential for banquet hall, restaurant, or motel