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    1085 Water St Wilmington, IL 60481

    Sponsored
    For Sale
    $750,000

    Prime Retail Space, High Visibility, 16,000 sq ft.

    Property size:
    16,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional retail property, located at 1085 S Water Street in Wilmington, Illinois, offers over 16,000 square feet of prime commercial space. Situated on a busy state highway within a thriving retail center, this location boasts unparalleled visibility and high traffic counts. The property benefits from its strategic placement alongside established and successful businesses, including Old National Bank, McDonald's, a high-volume convenience store, CVS, and Ace Hardware. This ensures a consistent flow of potential customers and a strong, established commercial environment. The substantial square footage provides ample space for a variety of retail uses, making it an ideal opportunity for businesses seeking high visibility and a strong customer base. The property is offered at $750,000. This represents a significant opportunity to establish or expand a retail presence in a highly desirable and busy commercial area. The location's success is evident in the presence of well-known and successful national and regional brands. Don't miss this chance to secure a prime retail space in a thriving commercial hub. Serious inquiries only.

    Property Features for 1085 Water St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    16,000 SF

    Building Details

    Year Built
    1978
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -88.13956
    Latitude
    41.2971

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Retail Space, High Visibility, 16,000 sq ft.
    Where is this commercial real estate located?
    The property is located at 1085 Water St Wilmington, IL.
    What is the asking price?
    The asking price for this property is $750,000.
    (815) 476-7916
    Request Owner's contact information
    1085 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
    1085 Water St Wilmington, IL 60481
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