116-118 S Water Street, Wilmington, IL

$1,165,000

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About 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.

Features of 116-118 S Water Street

MLS® # 12631492
Price $1,165,000
Bathrooms 0.00
Year Built 1914
Type Commercial Sale
Sub-Type Retail/Stores
Status Contingent

Community Information

Address 116-118 S Water Street
Area Wilmington
City Wilmington
County Will
State IL
Zip Code 60481

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
Has Basement No

Exterior

Exterior Block, Wood
Foundation Concrete Perimeter

Additional Information

Days on Market 31
Zoning COMMR
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees Freq. Not Applicable

Listing Details

OfficeRE/MAX Ultimate Professionals

Listing Map

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