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    1135 S Water St Wilmington, IL 60481

    Sponsored
    For Sale
    $3,500,000

    COMMERCIAL - Wilmington, IL

    Type:Office
    Lot size:
    4.06 Acres
    Days on Market:
    91
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 1135 S Water St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    COMMR
    APN
    0317364000620000
    Lot size
    4.06 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1998
    Floors in Building
    1

    Lori Bonarek Realty (815) 518-2300 [email protected]

    Listing agent Lori Bonarek (815) 325-4760

    Listing date Oct 7, 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 Property For Sale

    This commercial property is located south of Chicago and includes a 14,224-square-foot building and a 2,500-square-foot, two-bay car wash. The main building features a lobby, six private offices, a waiting room, a break room, a service area, and a large shop with five overhead doors. The car wash provides supplemental income potential. There are approximately 180 parking spaces available. The sellers require a 36-month leaseback at $25,000 per month, providing immediate rental income for the buyer. The property is suitable for a variety of business operations. The lot size is 4.06 acres. The property is zoned COMMR and located in Wilmington, Illinois.
    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 Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    Will
    State
    Illinois
    Longitude
    -88.1381432
    Latitude
    41.295559

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    FAQs

    What type of property is this?
    Car wash - Commercial property with main building, car wash, and leaseback.
    Where is this car wash located?
    The property is located at 1135 S Water St Wilmington, IL.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - Immediate and consistent rental income with a 36-month leaseback at $25,000/month.; - Large 14,224 sq ft commercial building suitable for various business operations.; - Additional 2,500 sq ft two-bay car wash for supplemental income.
    (815) 325-4760
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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
    1135 S Water St Wilmington, IL 60481
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