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    Gilman, IL Restaurants 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
    View details
    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.

    Dwight Landmark Restaurant For Sale
    $764,000
    10,000 SF

    Dwight Landmark Restaurant For Sale

    Turnkey restaurant in downtown Dwight, ready for seamless transition.

    140 E Main Street, Dwight, IL 60420
    View details
    Historic Dwight Mixed-Use Building
    $250,000
    4,500 SF

    Historic Dwight Mixed-Use Building

    4,200 SF mixed-use building with restaurant and apartments.

    118 East Main Street, Dwight, IL 60420
    View details
    Bar and Restaurant Opportunity
    $145,000
    3,080 SF

    Bar and Restaurant Opportunity

    Remodeled bar and restaurant with gaming in a prime location.

    141 South Chestnut Street, Chebanse, IL 60922
    View details
    Bar and Restaurant Opportunity
    $120,000
    1,500 SF

    Bar and Restaurant Opportunity

    Remodeled bar and restaurant with gaming in a prime location.

    141 S Chestnut Street, Chebanse, IL 60922
    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.

    Historic Commercial Structure in Gilman
    $195,000

    Historic Commercial Structure in Gilman

    Oldest commercial building in Gilman, suitable for various businesses.

    203 W 2nd Street, Gilman, IL 60938
    View details
    Kankakee Redevelopment Opportunity
    $125,000
    1,100 SF

    Kankakee Redevelopment Opportunity

    Former gas station/convenience store ideal for redevelopment.

    590 S Washington Avenue, Kankakee, IL 60901
    View details
    Bourbonnais Commercial Land For Sale
    $109,000
    2.00 Acres

    Bourbonnais Commercial Land For Sale

    2 acres of commercial land in Plum Creek Plaza.

    lot briarcliff Lane, Bourbonnais, IL 60914
    View details
    Dwight Commercial Development Opportunity
    $1,200,000
    5.50 Acres

    Dwight Commercial Development Opportunity

    Restaurant, bar, and commercial land for sale in Dwight, IL.

    900 N Union Street, Dwight, IL 60420
    View details

    Gilman, IL Restaurants Investment Opportunities Market Analysis

    Explore 1 restaurants 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 restaurant properties 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 Strategic 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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