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Listing provided courtesy of @properties Christie's International Real EstateMREDas Distributed by MLSGrid- MLS# 12614533MLS Provider

126 S Main StreetGilman, IL 60938

Commercial · 5,200 Sq. ft.
$149,900 Active

126 S Main Street Overview

Time on Site:
81 days
Visits:
0

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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126 S Main Street Facts & Features

  • Type Commercial
  • Sq. ft. 5,200
  • Price/Sq.ft. $29

Details

General

Income/Expenses

  • Operating Expense: 0

Business Information

  • Business Type: Food & Beverage,Retail
  • Current Use: Commercial

Location/Region

  • County Or Parish: Iroquois
  • MLS Area Major: Gilman

Tax Information

  • Tax Annual Amount: $638.00
  • Tax Year: 2023

General Information

  • Parcel Number: 10313640030000
  • Possible Use: Commercial,Liquor License,Retail
  • Property Type: Business Opportunity
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 5200

General Information

  • Cooling: Central Air
  • Electric: Service - 101 to 200 Amps
  • Stories: 3

Unit Information

  • Unit SqFt.: 5200

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 25X100
  • Lot Size Square Feet: 2790

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick, Stone, Wood
  • Roof: Rubber, Varies

General Information

  • Utilities: Electric to Site,Natural Gas Available

126 S Main Street Neighborhood

Community

60938 (Gilman) Demographics

42
Median Age
36
Population Density (per sq. mile)
22%
College Educated
$57,448
Estimated Median Income
584
Estimated Total Home Owners
165
Estimated Total Renters
78% / 22%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

126 S Main Street Monthly Cost

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$ %
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$
Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

126 S Main Street Market Data

Based on the last 30 days in this zip code

$196,433
Average List Price
$124
Average Price per Square Foot
3
Properties Sold
225
Average Days on Market
12
Properties for Sale
Calculations provided by Reliance Network

126 S Main Street History

Date Event Value Agent
5/19/2026Source: MRED Status Change
Active
5/14/2026Source: MRED Price Reduction
$149,900 -6.0%
5/14/2026Source: MRED Status Change
Price Change
4/14/2026Source: MRED Status Change
Active
4/9/2026Source: MRED Added to Database
April 09, 2026