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    Gilman, IL
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    Gilman, IL Motels for Sale

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    Crescent City, IL Clifton, IL Cissna Park, IL
    Historic Commercial Structure in Gilman
    Updated: Sep 27, 2024
    Historic Commercial Structure in Gilman

    203 W 2nd St, Gilman, IL 60938

    $195,000
    29,216 sqft
    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
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    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.

    Chicago Motel Near Cottage Grove
    Chicago Motel Near Cottage Grove

    9112 S Cottage Grove Avenue, Chicago, IL 60619

    $2,450,000
    12,000 sqft · 0.42 AC lot

    37-room motel in Greater Grand Crossing community for sale.

    View details
    Chicago Motel with Restaurant Building
    Chicago Motel with Restaurant Building

    7621 S Cottage Grove Avenue, Chicago, IL 60619

    $2,300,000
    18,000 sqft · 0.31 AC lot

    34-room motel with separate restaurant in Chatham neighborhood.

    View details
    Prime Commercial Parcel in Bridgman
    Prime Commercial Parcel in Bridgman

    10067 Red Arrow Highway, Bridgman, MI 49106

    $114,000
    1.11 AC lot

    One-acre commercial land with high visibility and access.

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    Prime Commercial Parcel in Bridgman
    Prime Commercial Parcel in Bridgman

    10067 Red Arrow Hwy, Bridgman, MI 49106

    $119,000
    1.00 AC lot

    One-acre commercial land with high visibility and access.

    View details

    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.

    Development Land Near I-55
    Development Land Near I-55

    6000 South 6th Street Frontage Road East, Springfield, IL 62712

    $550,000

    Commercial land available near I-55, suitable for development.

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    Prime Commercial Land I-55 Access
    Prime Commercial Land I-55 Access

    6000 S 6th Street Frontage Road, Springfield, IL 62702

    $550,000
    1.63 AC lot

    1.63 acre commercial land near I-55 in Springfield, IL.

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    High-Visibility Highway Commercial Land
    High-Visibility Highway Commercial Land

    Blue Star Highway lot: 2, Fennville, MI 49408

    $300,000
    2.75 AC lot

    Cleared highway exit land in a C-3 district for a range of commercial and service uses.

    View details
    Commercial-Industrial Land with Utilities
    Commercial-Industrial Land with Utilities

    5241 Oak Crest Hill Rd SE, Hills, IA 52235

    $321,385
    1.24 AC lot

    Fully developed lots with city water and sewer, positioned for commercial and industrial use with highway visibility.

    View details

    Gilman, IL Motels Market Trends and Statistics

    Explore 1 motels 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 motels 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Motels 1

    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 average 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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