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$159,500 Just Listed

  • For Sale
  • Active
  • Business
  • 5,200 Sq. Ft.
  • Updated 9 hours ago
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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!

Full Property Details for 126 S Main St

General

  • Price: $159,500
  • Taxes: $638 (2023)
  • Status: Active
  • Type: Business
  • Source: MRED
  • MLS ID: 12614533
  • Updated: 4/9/2026
  • Added to Site: 1 day(s) ago

Business

  • Business Type: Food & Beverage, Retail
  • Years in Business: 4 to 6 Yea

Location

  • Area: Gilman
  • County: Iroquois
  • Driving Directions: Rt 45 to Main ST
  • Location Details: Central Business District, Corner

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air, Gas

Utilities

  • Onsite: Electricity to Site, Natural Gas Available

Structural Information

  • Construction: Brick, Stone, Wood
  • Exterior Const.: Brick, Stone, Wood
  • Roof: Rubber, Varies
  • Stories/Levels: 3
  • Square Feet: 5,200
  • Current Bldg. Use: Commercial

Lot Features

  • Lot Size (Sq. Ft.): 2,790
  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 25 x 100
  • Potential Use: Commercial, Liquor License, Retail
  • Zoning: COMMR

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Tax Amount: $638
  • Tax Year: 2023

Disclosures and Reports

  • Property ID: 10313640030000

Listed by @properties Christie's International Real Estate

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— 126 S Main St —

  • @properties Christie's International Real Estate

  • @properties Christie's International Real Estate

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 126 S Main St

School District:Iroquois West Community Unit School District 10
NameGradesDistance
Iroquois West Elementary School/Gilman
215 East 2nd Street, Gilman, IL 60938
1-30.2 mi
Iroquois West Elementary Sch/Danforth
PO Box 185, Danforth, IL 60930
PK-K4 mi
Iroquois West Elementary Sch/Thawville
PO Box 99, Thawville, IL 60968
4-58.9 mi
Iroquois West Middle School
303 North Evergreen Street, Onarga, IL 60955
6-83.5 mi
Iroquois West High School
529 East 2nd Street, Gilman, IL 60938
9-120.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 126 S Main St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/09/2026
Listed
$159,500
3090%
MLS
10/19/2018
Sold
$5,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 126 S Main St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$637
1%
$8,046
—
2023
$628
-3%
$8,046
—
2022
$646
-7%
$8,046
—
2021
$691
-8%
$8,046
—
2020
$749
-1%
$8,046
—
2019
$759
-3%
$8,046
—
2017
$780
—
$8,046
—
2016
$782
2%
$8,046
—
2014
$763
—
$8,046
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by @properties Christie's International Real Estate

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126 S Main Street, Gilman, IL 60938 (MLS# 12614533) is a Business property. 126 S Main Street is currently listed for $159,500 and was received on April 09, 2026. Want to learn more about 126 S Main Street? Do you have questions about finding other Business real estate for sale in Gilman? You can browse all Gilman real estate or contact a Coldwell Banker agent to request more information.

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