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203 2Nd St Gilman, IL 60938

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For Sale
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Historic Illinois building, 29,216 sq ft.

Property size:
29,216 SF

Property Features for 203 2Nd St

General Information

Property type
Manufacturing properties
Square Feet
29,216 SF

Building Details

Year Built
1877
Buildings
1
Stories
2

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Listing Contact
Richard Hansen
Richard Hansen

Listing Agency: McColly Rosenboom Commercial Bourbonnais Listing Agent: Richard Hansen

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 29,216 square foot industrial property, located at 203 W 2nd St, Gilman, IL 60938, presents a unique investment opportunity. Built in 1877, this two-story structure is the oldest surviving commercial building in Gilman, boasting a rich history as a flax mill and various other businesses. Currently vacant, the substantial stone building offers immense potential for redevelopment. The asking price is $195,000, translating to $6.67 per square foot. Its mixed-use zoning allows for a wide range of possibilities, including but not limited to a banquet hall, restaurant, or motel. The property's size and historical significance make it an attractive proposition for investors seeking a unique and potentially high-return project. The building's substantial size and solid construction provide a strong foundation for adaptive reuse. This is a rare chance to acquire a piece of Illinois history and transform it into a thriving commercial venture. The property is classified as institutional investment for development, and its location in Iroquois County offers access to local amenities and transportation networks. Serious inquiries are encouraged.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Manufacturing properties

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Gilman
County
Iroquois
State
Illinois
Longitude
-87.9952837
Latitude
40.7688011

FAQs

What type of property is this?
Manufacturing property - Historic Illinois building, 29,216 sq ft.
Where is this manufacturing property located?
The property is located at 203 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: $195,000 asking price for this 29,216 square foot industrial/mixed-use property.; Located at 203 W 2nd St, Gilman, IL 60938.; Features a 2-story, 29,216 SF building constructed in 1877.
(815) 939-1255 Call to check price and availability
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