Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    23962 Stripmine Rd Wilmington, IL 60481

    Sponsored
    For Sale
    $850,000

    COMMERCIAL - Wilmington, IL

    Lot size:
    2.66 Acres
    Days on Market:
    24
    Last Refresh:
    Jan 10 at 11:06 am

    Property Features for 23962 Stripmine Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    0317273000240000
    Lot size
    2.66 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Septic Tank
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1988
    Floors in Building
    1
    Number of units
    1
    Building materials
    Cedar

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

    Listing agent Deborah Durando (815) 518-2300

    Listing date Dec 18, 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

    Prime Commercial Land I-55 Frontage

    This 2.66-acre commercial property is located directly off Interstate 55 at the corner of Stripmine Rd and Route 129 in Wilmington, Illinois, offering high visibility. It presents an exceptional opportunity to build, expand, or relocate a business. The site is suited for prime commercial development. A small portion of the property includes an operational bar and grill; however, the business itself is not for sale. Personal property, business assets inside the building, and chattel fixtures are not included in the sale. According to the owner and IDOT's website, a new I-55 interchange is being rebuilt in close proximity to the property, which is expected to significantly increase visibility and traffic flow, offering outstanding potential for future growth. The property's zoning is COMMR. Potential business uses include a storage facility, convenience store, or retail development. The current structure is staying, but the business is not.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Auto Repair Shop Storage Facility Bar & Pub Car Rental Plumbing Service Catering Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    Will
    State
    Illinois
    Longitude
    -88.1894112
    Latitude
    41.3047265

    Nearby Similar for Sale

    • $3,500,000
      4.06 Acres

      Wilmington Commercial Property For Sale

      Commercial property with main building, car wash, and leaseback.
      1135 S Water St, Wilmington, IL 60481
      View Details
    • $1,000,000
      0.85 Acres

      Profitable Business in Wilmington, IL

      Established business with retail vendor space and storage rental income.
      508 N Kankakee St, Wilmington, IL 60481
      View Details
    • $849,750
      0.40 Acres

      Wilmington Restaurant with Apartment

      Bank-owned restaurant with apartment near Route 66.
      403 N Main St, Wilmington, IL 60481
      View Details
    • $784,500

      Multi-Tenant Warehouse with Outdoor Storage

      Warehouse with outdoor storage and income potential in Wilmington, IL.
      27942 S Kelly Rd, Wilmington, IL 60481
      View Details
    • $750,000
      16,000 SF

      Wilmington Retail Space - High Traffic!

      Prime Retail Space, High Visibility, 16,000 sq ft.
      1085 Water St, Wilmington, IL 60481
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-visibility commercial land ideal for development off I-55.
    Where is this commercial land located?
    The property is located at 23962 Stripmine Rd Wilmington, IL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Prime commercial development opportunity on approximately 2.66 acres.; - **High-visibility location** directly off Interstate 55 at the corner of Stripmine Rd and Route 129.; - Potential for increased visibility and traffic flow due to a new I-55 interchange being rebuilt in close proximity.
    (815) 518-2300
    Request Owner's contact information
    23962 Stripmine Rd Wilmington, IL 60481
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    23962 Stripmine Rd
    Wilmington, IL 60481
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    23962 Stripmine Rd Wilmington, IL 60481
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.