Property profile

203 W 2Nd St Gilman, IL 60938

FOR SALE
Commercial (General)
Property ID
US28-4569843
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Property summary

AI-generated overview

The property is a historic stone commercial building located in Gilman that is described as the oldest surviving commercial structure in the area. The structure was originally built as a flax mill and has been used for multiple businesses over time. It is a large masonry building and is currently configured as an empty interior space, offering flexibility for adaptive reuse such as a banquet hall, restaurant, motel, or other alternative commercial uses.

Property profile

Verified
Property type Commercial (General)
APN 17 31 352 003
UPID US28-4569843

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

203 W 2Nd St Gilman, IL 60938
Gilman metro
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2013
Last sale
$87,500
1 recorded transaction
2013
$87,500
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