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Office Building with Private Offices
For Lease
$1,850/Mo

105 S Water Street, Wilmington, IL 60481

Downtown commercial setting with reception, kitchenette, basement storage, and a dedicated parking lot.

Space Size1,400 SF
Days on Market347

Property Features for 105 S Water Street

General Information

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

Space & Availability

Available Space 1,400 SF
Contiguous Space 1,400 SF

Lease Terms

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

Amenities

private parking lot
professionally landscaped
new central air condenser

Building Details

Building Size 1,400 SF
Stories 1
Units 1
Listing Agency: Pro Real Estate
Listed By: Mark Shell · License #471000250
Source: Exit2newbeginningz
Added: Sep 9, 2025 Changed: Aug 21 Last Checked: Aug 21 at 5:41AM

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 1,400-square-foot office building offers a reception area, 43 private offices, a kitchenette, and a full basement. The property has undergone a complete renovation within the past 20 years and includes a new central air condenser. A complete roof replacement was completed in 2016.

Positioned at 105 S Water Street in downtown Wilmington, the property occupies a double lot with its own private parking area. Professionally landscaped grounds complete the site improvements. The building is available for lease as office space.

Key Highlights

  • 1,400‑square‑foot office building on a double lot
  • 43 private offices plus reception area
  • Full basement and kitchenette area

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

414
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 - Downtown commercial setting with reception, kitchenette, basement storage, and a dedicated 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 $1,850/Mo.
What are key features of this property?
This property features: 1,400‑square‑foot office building on a double lot; 43 private offices plus reception area; Full basement and kitchenette area
More about this property
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