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    403 N Main St Wilmington, IL 60481

    Sponsored
    Picture of Restaurants at N Main St 403, Wilmington, IL
    For Sale
    $849,750

    COMMERCIAL - Wilmington, IL

    Lot size:
    0.40 Acres
    Days on Market:
    16
    Last Refresh:
    Jan 8 at 3:06 pm

    Property Features for 403 N Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    0317253300030000
    Lot size
    0.40 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2021
    Floors in Building
    2
    Number of units
    1

    RE/MAX Top Properties (815) 942-1133 [email protected]

    Listing agent Philip Howell (815) 228-4883

    Listing date Dec 24, 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 Restaurant with Apartment

    This is a bank-owned restaurant opportunity located in Wilmington, Illinois. The property features quality brick construction and includes extensive high-quality professional equipment. The interior includes a gaming section and multiple bar areas. An office or apartment is located on the second floor. Ample parking is available. The property is located near Route 66 and surrounding communities. The lot size is 0.4 acres. The zoning is COMMR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -88.1440784
    Latitude
    41.305727

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    FAQs

    What type of property is this?
    Restaurant - Bank-owned restaurant with apartment near Route 66.
    Where is this restaurant located?
    The property is located at 403 N Main St Wilmington, IL.
    What is the asking price?
    The asking price for this property is $849,750.
    What are key features of this property?
    This property features: - Immaculate, recently built (2021) restaurant property.; - Extensive, high-quality professional restaurant equipment included.; - Second-floor office/apartment provides additional income potential or living space.
    (815) 228-4883
    Request Owner's contact information
    403 N Main St 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
    403 N Main St Wilmington, IL 60481
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