402 Sangamon Ave, Gibson City, IL 60936-1258
This exceptional three-story, 17,007-square-foot executive office building in Gibson City, Illinois, presents a unique owner-user opportunity. Built in 1977, the property sits on a 0.58-acre lot and boasts a desirable B1 zoning classification. The building features a well-maintained structure with a newer roof, fob access, a boiler/chiller system, and 300 AMP 3-phase power. The first floor, approximately 5,669 square feet, offers a flexible layout previously configured as a bank, including private offices, a conference room, teller area, lobby, restrooms, and a vault. The second floor, also approximately 5,669 square feet, provides ample space with high ceilings, large windows, and features including approximately 11 perimeter offices, two executive offices (23' x 12'), a conference room (27' x 16'), open work areas, a kitchenette, and restrooms. A mostly finished basement includes a large executive boardroom (32' x 32'), two additional offices, a kitchenette, restroom/lounge, server room, mechanical rooms, and another vault. The asking price is $479,000, translating to $21.82 per square foot. The sale includes a five-year deed restriction against financial institutions and financial services. The property is conveniently located at 402 N Sangamon Ave, Gibson City, IL 60936, near the intersection of Routes 54, 47, and 9, and just north of the downtown area. Ample parking is available. The total building square footage is 21,954 square feet. The property consists of one building with three usable levels.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.