116-118 S Water ST, Wilmington, IL 60481
116-118 S Water ST, Wilmington, IL 60481
116-118 S Water ST, Wilmington, IL 60481
$670,000
Est. payment /mo
$1,165,000
42.5%
Est.Price: ?

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5,243 SqFt
SOLD DATE : 09/22/2026

Key Details

Sold Price $670,000

Property Type Commercial

Sub Type Retail/Stores

Listing Status Sold

Purchase Type For Sale

Square Footage 5,243 sqft

Price per Sqft $127

MLS Listing ID 12631492

Sold Date 09/22/26

Year Built 1914

Annual Tax Amount $6,321

Tax Year 2024

Lot Dimensions 99x132x99x132

Property Sub-Type Retail/Stores

Property Description

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.

Location

State IL

County Will

Area Wilmington

Zoning COMMR

Interior

Cooling Central Air

Flooring Concrete, Other

Fireplace N

Building

Structure Type Block,Wood

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Midwest Real Estate Data (MRED) IDX
Listed by Daniel Condon of  RE/MAX Ultimate Professionals 
Bought with Exclusive Agency of NON MEMBER

Nearby Locations

Tony Ciancanelli

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(708) 670-6334

tony.ciancanelli@exprealty.com

1000 Essington Rd, Joliet, IL 60435-2841, USA

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