Shopping Center with Storage
For Sale
$799,000
508 N Kankakee Street, Wilmington, IL 60481
Business Opportunity, Wilmington, IL
Property Size17,000 SF
Lot Size0.85 Acres
Price / SF$47
Days on Market390
Property Features for 508 N Kankakee Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
From Joliet .. Rt. 53 into Wilmington .. Turn right on Kankakee Street to property: Milltown Market and Storage
Subdivision
Wilmington
Standard status
Active
APN
0317253290120000
Lot size
0.85 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3468
Utilities
Cooling system
Central Air
Building Details
Floors in Building
2
Listing Agency:
Village Realty, Inc.
Listed By:
Kelli Lawler
(708) 478-1212
Added: Sep 2, 2025
Changed: Aug 20
Last Checked: Sep 26 at 1:06PM
MLS# 12458780
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 17,000 sq ft commercial property combines an indoor marketplace with outdoor storage. The building is arranged for more than 50 vendor booths featuring antiques, collectibles, vintage décor, and one-of-a-kind merchandise. Central air provides cooling for the interior space.
The property also includes 39 outdoor storage units, each occupied by paying tenants. Situated on 0.85 acres at 508 N Kankakee Street in Wilmington, Illinois, the site carries COMMR zoning and supports both retail vendor space and storage operations.
The property also includes 39 outdoor storage units, each occupied by paying tenants. Situated on 0.85 acres at 508 N Kankakee Street in Wilmington, Illinois, the site carries COMMR zoning and supports both retail vendor space and storage operations.
Key Highlights
- 17,000 sq ft building with 50+ vendor booths
- 39 outdoor storage units with paying tenants
- Marketplace features antiques, collectibles, vintage decor, and unique merchandise
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail marketplace with vendor booths and outdoor storage units under COMMR zoning.
Where is this shopping center located?
The property is located at 508 N Kankakee Street Wilmington, IL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 17,000 sq ft building with 50+ vendor booths; 39 outdoor storage units with paying tenants; Marketplace features antiques, collectibles, vintage decor, and unique merchandise
