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Investment Highlights

  • Historical building

Executive Summary

A piece of history being the oldest surviving commercial structure in Gilman - originally a flax mill -and several other businesses since. Currently empty the huge stone structure lends itself to banquet hall, restaurant, motel and many other innovative businesses

Property Facts

Price $195,000
Price Per SF $6.96
Sale Type Owner User
Property Type Industrial
Property Subtype Manufacturing
Building Class C
Lot Size 0.55 AC
Rentable Building Area 28,000 SF
No. Stories 2
Year Built 1877
Tenancy Single
Zoning Industrial
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
17-31-352-003
Land Assessment
$4,549
Improvements Assessment
$18,753
Total Assessment
$23,302
  • Listing ID: 35931874

  • Date on Market: 5/21/2025

  • Last Updated:

  • Address: 203 W 2nd St, Gilman, IL 60938

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