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    105 S Water St Wilmington, IL 60481

    Sponsored
    For Lease
    Contact for pricing

    COMMERCIAL - Wilmington, IL

    Lot size:
    0.13 Acres
    Days on Market:
    12
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 105 S Water St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    0317253240030000
    Lot size
    0.13 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet
    Building materials
    Block, Cedar, Frame
    Roof type
    Rubber

    Wilmington Pro Real Estate Inc (815) 476-7916 [email protected]

    Listing agent Mark Shell (815) 693-4216

    Listing date Dec 25, 2025

    Copyright © 2025 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.

    Overview

    Wilmington Commercial Building For Rent

    This 1400 sq ft commercial building is located in a downtown location and features a reception area, 4 private offices, and a kitchenette area, plus a full basement. The property includes its own private parking lot and has been professionally landscaped. Situated on a double lot of 0.13 acres, the building has high traffic exposure. A new roof was installed in 2016, along with a new central air condenser. The property underwent a complete renovation in the past 20 years and is in excellent condition. The property is located in Wilmington, IL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    Will
    State
    Illinois
    Longitude
    -88.1465898
    Latitude
    41.3077324

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    FAQs

    What type of property is this?
    Office space - 1400 sq ft commercial building with private parking lot.
    Where is this office space located?
    The property is located at 105 S Water St Wilmington, IL.
    What are key features of this property?
    This property features: - Prime downtown location with high traffic exposure.; - Private parking lot.; - 1400 sq ft commercial building on a double lot.
    (815) 476-7916
    Request Owner's contact information
    105 S Water St Wilmington, IL 60481
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    Wilmington, IL 60481
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    105 S Water St Wilmington, IL 60481
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