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Renovated Office Unit with Basement
For Lease
Under Contract
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105 S Water Street, Wilmington, IL 60481

Commercial Lease, Wilmington, IL

Space Size1,400 SF
Lot Size0.13 Acres
Days on Market365

Property Features for 105 S Water Street

General Information

Property type Commercial Lease
Property subtype Other
Zoning COMMR
Directions Downtown Wilmington, South east Corner of Rt53 and Rt 102
Subdivision Wilmington
Standard status Active Under Contract
APN 0317253240030000
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2024

Utilities

Cooling system Central Air

Amenities

reception area
kitchenette area
private parking lot
professionally landscaped
full basement

Building Details

Floors in Building 1
Number of units 1
Flooring type Carpet
Building materials Block, Cedar, Frame
Roof type Rubber
Listing Agency: Pro Real Estate
Listed By: Mark Shell · License #471000250
Added: Sep 9, 2025 Changed: Sep 1 Last Checked: Sep 8 at 2:06AM
MLS# 12467855

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.

Investment Insights

Based on property information with market context.

This 1,400 sq ft office building at 105 S Water Street includes a reception area, private offices, a kitchenette, and a full basement. The property has carpet flooring, central air conditioning, rubber roofing, and block, cedar, and frame construction. A complete roof replacement was completed in 2016, and the building has undergone renovation within the past 20 years.

Situated on a 0.1333-acre double lot in downtown Wilmington, the property includes a private parking lot and professional landscaping. Zoning is COMMR, supporting its commercial office positioning.

Key Highlights

  • 1,400 sq ft office building with reception, private offices, kitchenette, and full basement
  • 0.1333‑acre double lot at 105 S Water Street, Wilmington, IL 60481
  • Private on‑site parking lot with professional landscaping

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.38 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

414
Businesses Nearby

Demographics for 60481, IL

11,518
Population
5,553
Households
2.1
Avg Household Size
46
Median Age
17%
College-Educated
92%
High-School Grad
123.5 sq mi
ZIP Area
93
Density / Sq Mi
$76,398
Median Household Income
$45,563
Median Earnings
$975
Median Rent
$224,800
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office space offers reception, private work areas, a kitchenette, central air, and dedicated on-site parking.
Where is this office units located?
The property is located at 105 S Water Street Wilmington, IL.
What are key features of this property?
This property features: 1,400 sq ft office building with reception, private offices, kitchenette, and full basement; 0.1333‑acre double lot at 105 S Water Street, Wilmington, IL 60481; Private on‑site parking lot with professional landscaping
More about this property
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