SIGN UP CUSTOMER LOGIN
Main Photo

43 Total Photos [Click to View All]

Main Photo
Main Photo

116-118 S Water Street Wilmington, IL 60481

$1,225,000
New / MLS# 12631492 / Commercial - Retail / Wilmington
0 Beds
5243 SqFt

Prime Downtown Wilmington Mixed-Use Investment Opportunity-Turnkey, Leased and Exceptionally Versatile. Welcome to 116-118 S. Water Street, a professionally rehabbed mixed-use commercial property offering a rare combination of retail, bar, and office suites in the heart of downtown Wilmington. Thoughtfully renovated with designer-level finishes, this essentially new-construction building has been reimagined for flexibility, functionality, and long-term appeal. Featuring a blend of turnkey leased spaces, the property is well-suited for investors seeking income-producing real estate or owner-users looking for a dynamic business environment. All bathrooms are ADA compliant, and the property is zoned B-2A, allowing for a wide range of potential uses. Ideally positioned along the water in Wilmington's downtown corridor, the property offers a unique waterfront setting that enhances its appeal for retail, hospitality, office, or entertainment uses, while benefiting from excellent visibility, accessibility, and strong presence. This is an exceptional opportunity to add a quality mixed-use asset to your investment portfolio.

Read More » Read Less »

Baird & Warner Perla Sanchez Agent Cell: 847.322.5214 Email

Property Details

Property Type: Commercial - Retail
Cooling: Central Air
Lot Size: 0.30 Acres
Stories: 1.0
Taxes: $6,321
Year Built: 1914

Feature Descriptions

Current Use: Commercial, Office
Electric: Circuit Breakers, Separate Meters
Exterior: Block, Wood
Fire Protection: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Flooring: Concrete, Other
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Forced Air
Location: Central Business District, Riverfront, Water Front, Water View, In City Limits, High Traffic Area
Lot Dimensions: 99x132x99x132
Miscellaneous Indoor: Accessible Entrance, Accessible Washroom/s, Multi-Tenant, Overhead Door/s, Private Restroom/s, Public Restroom/s, Laundry Room
Number of Tenant(s): 8
Parcel#: 0317253140110000
Parking: 13-18 Spaces, Private Lot, Parking On-Site, Parking-Street
Tenant Pays: Electricity, Heat, Repairs, Sewer, All Utilities, Trash Collection
Units: 10

Location

See details and scored characteristics about this location.

Listing Office: RE/MAX Ultimate Professionals

Listing Office Phone: 815-725-4545



Listing data and photos distributed by MLSGRID
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


Login to my Baird & Warner account

Pixel