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    Gilman, IL Restaurants for Sale

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    Ashkum, IL Crescent City, IL Clifton, 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.

    Town Square Restaurant/Retail Space
    Town Square Restaurant/Retail Space

    302 N 4th Street, Kentland, IN 47951

    $75,000
    1,070 sqft · 0.12 AC lot

    Restaurant-ready retail space across from the county courthouse with updated electrical and food-service improvements.

    View details
    Former Bank Branch For Sale
    Former Bank Branch For Sale

    101 Meadowview Center, Kankakee, IL 60901

    $500,000
    7,231 sqft

    Former bank branch with drive-thru, ideal for retail.

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    Kankakee Redevelopment Opportunity
    Kankakee Redevelopment Opportunity

    590 S Washington Avenue, Kankakee, IL 60901

    $125,000
    1,100 sqft · 0.30 AC lot

    Former gas station/convenience store ideal for redevelopment.

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    Turnkey Commercial Space on Square
    Turnkey Commercial Space on Square

    302 N 4th Street, Kentland, IN 47951

    $75,000
    1,070 sqft

    Prime 1,070 sq ft commercial space in Kentland, Indiana.

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    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
    Historic Commercial Structure in Gilman

    203 W 2nd Street, Gilman, IL 60938

    $195,000

    Oldest commercial building in Gilman, suitable for various businesses.

    View details
    Dwight Commercial Development Opportunity
    Dwight Commercial Development Opportunity

    900 N Union Street, Dwight, IL 60420

    $1,200,000
    5.50 AC lot

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

    View details
    Commercial Land Near Sports Complex
    Commercial Land Near Sports Complex

    2995 County Road 1400 E, Rantoul, IL 61866

    $563,000
    5.63 AC lot

    5.63 acre commercial development opportunity off Interstate 57.

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    Rantoul Commercial Development Opportunity
    Rantoul Commercial Development Opportunity

    2990 County Road 1400 E, Rantoul, IL 61866

    $4,000,000
    40.00 AC lot

    40-acre commercial land near I-57 in Rantoul, Illinois.

    View details

    Gilman, IL Restaurants Market Trends and Statistics

    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 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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