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116-118 S Water Street
Wilmington IL 60481 US

$1,225,000

Active Listing ID 12631492
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Lot: 0.30 Acres
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Retail

$1,225,000

Active Listing ID 12631492
Save

116-118 S Water Street 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.

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Property Features

  • Facts
  • Lot Size: 0.30 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Retail
  • Features
  • Cooling System: Central Air
  • Floor Covering: Concrete

Property

  • propertytype: Commercial Sale
  • propertysubtype: Retail
  • listprice: 1225000
  • unparsedaddress: 116-118 S Water Street
  • postalcity: Wilmington
  • stateorprovince: IL
  • country: US
  • postalcode: 60481
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.3
  • lotsizeunits: Acres
  • lotsizearea: 0.3
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Daniel Condon
  • listagentemail: danielcondon89@gmail.com
  • listagentkey: 3yd-MREDIL-273383
  • listagentmlsid: 273383
  • listagentpreferredphone: (815) 725-4545
  • listagentofficephone: 7087100267
  • listofficekey: 3yd-MREDIL-25103
  • listofficemlsid: 25103
  • disclaimer: Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1914
  • listingcontractdate: 2026-04-28
  • listagenturl: https://remaxultimateprofessionals.com
  • countyorparish: Will
  • parcelnumber: 0317253140110000
  • cooling: Central Air
  • constructionmaterials: Block, Wood
  • flooring: Concrete
  • numberofunitstotal: 10
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: RE/MAX International
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
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Listing Changed: 5/4/2026 5:19:55 AM GMT
Source Updated Date: 5/4/2026 6:54:04 PM GMT

Courtesy of: Daniel Condon, RE/MAX Ultimate Professionals, danielcondon89@gmail.com

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.