Properties

Features
: Central Air
: Concrete , Other
Address Map
US
IL
Will
Wilmington
60481
Water
116-118
Street
W89° 51' 57.1''
N41° 17' 18.9''
just South of the intersection of E. Baltimore St
Wilmington
Wilmington
S
S
COMMR
Additional Information
5243
: Block , Wood
: Commercial , Office
Circuit Breakers,Separate Meters
Circuit Breakers,Separate Meters
: Concrete Perimeter
99x132x99x132
10
10
1
RE/MAX Ultimate Professionals
Daniel Condon
Financial
Not Applicable
6321.6
Listing Information
Kayleigh Condon
25103
RE/MAX Ultimate Professionals
273383
25103
MRED
Listing Information
269544
25103
RE/MAX Ultimate Professionals
Active
2026-05-04T05:06:14Z
2026-05-04T05:05:29Z
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.

Commercial Sale For Sale

116-118 S Water Street, Wilmington, Illinois 60481

$1,225,000
Listing ID#12631492
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12631492
Price : $1,225,000
Year Built : 1914
Listing Status : Active
Property Sub Type : Other
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