203 W 2nd Street Gilman, IL ^$ 195,000

203 W 2nd Street

^$ 195,000

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203 W 2nd Street

Gilman, IL, 60938

^$ 195,000

Studio Baths0.0

Monthly Estimate*

^$ 1,362

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Studio

Commercial Property for sale in Gilman, IL

for $195,000. This building was built in 1877.

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

Commercial Active

Price

^$ 195,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 1,982

Style

Year Built

1877

Town/City

Gilman

County/Region

Iroquois

MLS | Web ID

11789710

Features

General

Cooling None

Year Built 1877

Tenant Pays Operating Stops

Stories 2

Tax Year 2022

County Iroquois

Net Operating Income 1

Operating Expense 1

Property Type Commercial Sale Instut/To Develop

Status Active

Directions From I-57 exit Gilamn-follow Rt 24 through town to East at Center go North to 2nd-cross tracks-property on right

City Gilman

MLS Area Gilman

Street Name 2nd

Tax Annual Amount 1982.84

Additional Parcels Y/N N

Days on Market 296

Standard Status Active

Exterior

Lot Dimensions 712X520X204X109X100X106

Interior

Street Suffix Street

* Excluded Features

List By

Mccolly Rosenboom - B

Broker

rhansen972@aol.com

Affordability Calculator

$1,527

Per Month

Monthly Principal & Interest: $1,362
Monthly Property Taxes: $165
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Gilman, IL

Average List Price ^$167,450

Percent of Sale Price 14%

About Gilman, IL

1,778 Population

-7% Since 2002

^$48,859 Median Income

42.67 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/23/2023	$195,000		Listed Price

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203 W 2nd Street, Gilman, IL, 60938 is a Commercial Property for sale at $195,000. 203 W 2nd Street is a studio with 0.0 baths and was built in 1877. The property's zip code is 60938 which is in Gilman, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 4/28/2024.

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203 W 2nd Street

Commercial Property for sale in Gilman, IL

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