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43-Office Commercial Building
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105 S Water Street, Wilmington, IL 60481

Commercial Lease, Wilmington, IL

Space Size1,400 SF
Lot Size0.13 Acres
Days on Market346

Property Features for 105 S Water Street

General Information

Property type Commercial Lease
Property subtype Other
Zoning COMMR
Directions Downtown Wilmington, South east Corner of Rt53 and Rt 102
Subdivision Wilmington
Standard status Active
APN 0317253240030000
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2024

Utilities

Cooling system Central Air

Amenities

reception area
kitchenette
full basement
private parking lot

Building Details

Floors in Building 1
Number of units 1
Flooring type Carpet
Building materials Block, Cedar, Frame
Roof type Rubber
Listing Agency: Pro Real Estate
Listed By: Mark Shell · License #471000250
Added: Sep 9, 2025 Changed: Aug 19 Last Checked: Aug 20 at 7:06PM
MLS# 12467855

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 office building offers a reception area, 43 private offices, a kitchenette area, and a full basement. The property is on a double lot totaling 0.1333 acres and includes professionally landscaped grounds. Interior flooring is carpet, and the building has central air conditioning.

The structure is described with block, cedar, and frame construction and a rubber roof. Updates include a complete new roof in 2016, a new central air condenser, and a complete renovation within the past 20 years.

Located at 105 S Water Street in Wilmington, IL, the building has its own private parking lot, supporting convenient tenant and visitor access.

Key Highlights

  • 1,400 SF office building with reception, kitchenette, and full basement
  • 43 private offices
  • 0.1333‑acre double lot with professionally landscaped grounds

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 - Office building with reception, kitchenette, full basement, central air, and private parking on a double lot.
Where is this office building located?
The property is located at 105 S Water Street Wilmington, IL.
What are key features of this property?
This property features: 1,400 SF office building with reception, kitchenette, and full basement; 43 private offices; 0.1333‑acre double lot with professionally landscaped grounds
More about this property
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