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Property profile & analytics

203 2Nd St Gilman, IL 60938

  • Commercial real estate
Value Estimation
Location Intelligence
Property ID
US28-4569843
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 203 2Nd St

Property type
Commercial real estate
APN
17 31 352 003
APU
1731352003

Description

This unique 195,000 dollar property located at 203 W 2nd Street in Gilman, Illinois, presents a rare investment opportunity. As the oldest surviving commercial structure in Gilman, this substantial stone building boasts a rich history, originally serving as a flax mill and subsequently housing various businesses. Currently vacant, its expansive interior offers immense potential for a diverse range of commercial ventures. Imagine transforming this historic landmark into a captivating banquet hall, a vibrant restaurant, a comfortable motel, or any number of innovative businesses that would thrive in this established community. The building's size and unique character provide a blank canvas for a creative entrepreneur. The property sits on a 0-acre lot, offering ample space for potential expansion or outdoor amenities depending on the chosen use. Its central location in Gilman ensures high visibility and accessibility, making it an ideal spot for attracting customers and clients. This is a chance to own a piece of Gilman's heritage and shape its future. The building's solid construction and enduring character promise a long and prosperous lifespan for the right business. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Don't miss this opportunity to acquire a piece of history and build a thriving enterprise. The asking price is $195,000.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Gilman
County
Iroquois
State
Illinois
Longitude
-87.9953
Latitude
40.7689

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$1,851
$4,549
$18,753
$23,302
-
$13,647
$56,259
$69,906
More about this property
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