Gilman, IL
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    Gilman, IL Mixed-use Properties for Sale

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    Crescent City, IL Clifton, IL Watseka, IL
    Historic Commercial Structure in Gilman
    $195,000
    29,216 SF
    Historic Commercial Structure in Gilman

    203 W 2nd St, Gilman, IL 60938

    Oldest commercial building in Gilman, suitable for various businesses.
    • Oldest surviving commercial structure in Gilman
    • Huge stone structure suitable for various businesses
    • Potential for banquet hall, restaurant, or motel
    • Historic flax mill conversion opportunity
    • Year Built: 1877
    Updated: Sep 27, 2024
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Gilman, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Commercial Property with Residential Home
    $1,250,000
    7,800 SF
    Commercial Property with Residential Home

    10-acre commercial property with income, residential home, expansion potential.

    3612 W Bloomington Road, Champaign, IL 61822

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    Mixed-Use Property in Kankakee, IL
    $560,000
    0.30 Acres
    Mixed-Use Property in Kankakee, IL

    Mixed-use property in prime location, great investment opportunity.

    242 W Jeffery Street, Kankakee, IL 60901

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    Champaign Mixed-Use Property For Sale
    $5,300,000
    25,000 SF
    Champaign Mixed-Use Property For Sale

    1.85-acre property with three buildings in Champaign, Illinois.

    1306 Parkland Ct, Champaign, IL 61821

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    Mixed-Use Income Property For Sale
    $249,900
    5,200 SF
    Mixed-Use Income Property For Sale

    Mixed-use property with commercial and residential units, ample parking.

    793 N 5th Avenue, Kankakee, IL 60901

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Frankfort Land for Mixed-Use Development
    Contact for pricing
    11.00 Acres
    Frankfort Land for Mixed-Use Development

    Approximately 11 acres of land for mixed-use development.

    795 Center Road, Frankfort, IL 60423

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    Cedar Lake B1-Zoned Lot
    $279,000
    0.88 Acres
    Cedar Lake B1-Zoned Lot

    Versatile 0.88-acre lot in high-traffic Cedar Lake location.

    13405 Morse Street, Cedar Lake, IN 46303

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    Flossmoor Commercial Development Opportunity
    $399,900
    2.53 Acres
    Flossmoor Commercial Development Opportunity

    2.53-acre commercial land parcel in Flossmoor, Illinois.

    19611 Crawford Avenue, Flossmoor, IL 60422

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    Land in Homewood, Illinois
    $690,000
    2.00 Acres
    Land in Homewood, Illinois

    Two acre commercial land parcel in Homewood, Illinois.

    19020 Kedzie Avenue, Homewood, IL 60430

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    Gilman, IL Mixed-Use Properties Investment Opportunities Market Analysis

    Explore 1 mixed-use properties for sale in Gilman, IL on our real estate platform. These investment opportunities span a total of 29,216 square feet of properties for sale, with an estimated market value of $195,000.

    Sale prices for multi use buildings in Gilman, IL start at $195,000, averaging $195,000, and reaching up to $195,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 1,973
    Population Growth (5Y) +0.7%
    Median Household Income $66,979
    College Educated 26.1%

    High-Yield Neighborhoods for Investment

    Identify Gilman submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    60938 $195K

    Taxes & Financing

    Tax Rate (average for all types) 7.88%
    Tax Rate vs County Average 1.00 pp below county avg
    Average Loan-to-Value 65.0%

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