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Office Building with Private Parking Lot
For Lease
$1,850-$1,850/Mo

105 S Water Street, Wilmington, IL 60481

Office building on a double lot with a reception area, private offices, full basement, and its own parking lot.

Property Size1,400 SF
Days on Market327

Property Features for 105 S Water Street

General Information

Standard status Active
Size 1,400 SF
Net Rentable 1,400 SF

Space & Availability

Available Space 1,400 SF
Contiguous Space 1,400 SF
Space Use Office

Lease Terms

Lease Rate $1,850 /USD/MO
Total Rate $1,850
Monthly Rent $1,850
Rent per SF/Year $15.86

Amenities

reception area
private parking lot
professionally landscaped
kitchenet area

Building Details

Building Size 1,400 SF
Listing Agency: Pro Real Estate
Listed By: Mark Shell · License #471000250
Source: Perillorealestategroup
Added: Sep 9, 2025 Changed: Jul 31 Last Checked: Aug 1 at 12:28PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pro Real Estate

Investment Insights

Based on property information with market context.

This office building offers a reception area, 43 private offices, a kitchenette area, and a full basement. The property sits on a double lot and includes its own private parking lot. The exterior has been professionally landscaped.

Updates include a complete new roof in 2016 and a new central air condenser. The building has also undergone complete renovation within the past 20 years.

Positioned in a downtown setting, the property is described as having very high traffic exposure, supporting a professional tenant that benefits from steady visibility.

Key Highlights

  • 1,400 SF office building on a double lot
  • Reception area plus kitchenette area
  • 43 private offices

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.38 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

420
Businesses Nearby

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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Office building on a double lot with a reception area, private offices, full basement, and its own parking lot.
Where is this office building located?
The property is located at 105 S Water Street Wilmington, IL.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: 1,400 SF office building on a double lot; Reception area plus kitchenette area; 43 private offices
More about this property
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