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126 S Main Street Gilman, IL $ 159,500
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126 S Main Street
$ 159,500
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126 S Main Street

Gilman, IL, 60938
$ 159,500
Bedrooms-- Baths-- Sq 5,200

Monthly Estimate*

$ 982

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Commercial Property for sale in Gilman, IL

for $159,500. This 5,200 square foot building was built on a lot size of 0.06405.

Great business opportunity! Own the real estate and run TWO established businesses - a gaming cafe and Antique Mall! Currently, 13 vendors are within the Antique Mall. Annual booth income approximately $15,330 plus an additional $6,000 in mall retail sale percentage fees. The gaming cafe has a steady income stream and has great potential to expand the menu for additional revenue! Fabulous recent improvements include new signage on both sides of the building! The building was extensively renovated in 2018...newer HVAC on main level, partial roof replacement, new insulation (some areas have spray foam insulation), new steel siding, tuckpointing, newer plumbing and electrical supplies, along with newer floor joists and subfloor throughout majority of the building. Call to schedule a property tour or inquire about additional business uses!

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Commercial Active

Price

$ 159,500

Property Type

Commercial

Taxes

$ 638

Style

Food & Beverage,Retail

Lot Size

0.06405

Town/City

Gilman

County/Region

Iroquois

MLS | Web ID

12614533
Features
General
Cooling Central Air
Utilities Electric to Site Natural Gas Available
Possession Closing
Roof Rubber Varies
Zoning COMMR
Construction Materials Brick Stone Wood
Electric Service - 101 to 200 Amps
Stories Count 3
Tax Year 2023
Current Use Commercial
Business Type Food & Beverage Retail
County Iroquois
Operating Expense 0
Property Type Business Opportunity Bus / Bus w/Real Est
Possible Use Commercial Liquor License Retail
Status Active
Directions Rt 45 to Main ST
City Gilman
MLS Area Gilman
Lot Size Square Feet 2790
Tax Annual Amount 638
Additional Parcels Y/N N
Standard Status Active
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Exterior
Building Area Total 5200
Lot Dimensions 25X100
Waterfront Y/N N
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* Excluded Features
List By
@Properties Christie's International Real Estate

Broker

LRG@atproperties.com

Email

Affordability Calculator

$1,035
Per Month
95%
5%
0%
Monthly Principal & Interest
$982
Monthly Property Taxes
$53
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/9/2026$159,500 Listed Price

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126 S Main Street, Gilman, IL, 60938 is a Commercial Property for sale at $159,500 with 5,200 sqft and a lot size of 0.06405. The property's zip code is 60938 which is in Gilman, IL

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