116-118 S Water St - Storefront Retail/Office FOR SALE


Wilmington, IL 60481
$1,225,000 USD
708-710-0267
116-118 S Water St, Wilmington, IL for Sale
$1,225,000 USD
Storefront Retail/Office - FOR SALE
1/43
null | 6.94% Cap Rate

116-118 S Water St
Wilmington, IL 60481


HIGHLIGHTS

  • Downtown Wilmington Waterfront
  • Fully Leased

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,225,000 USD

PRICE/SF

$248 USD /SF

CAP RATE

6.94%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Bar, Storefront, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1914

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

B2-A

APN/PARCEL ID

03-17-25-314-011

ASK ABOUT THIS PROPERTY

Dan CondonRe/Max Ultimate ProfessionalsMore Info
708-710-0267

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Dan CondonRe/Max Ultimate ProfessionalsMore Info
708-710-0267

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.