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    27942 S Kelly Rd Wilmington, IL 60481

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    For Sale
    $784,500

    Warehouse with outdoor storage and income potential in Wilmington, IL.

    Lot size:
    9.93 Acres

    Property Features for 27942 S Kelly Rd

    General Information

    Lot size
    9.93 Acres

    Source: Caton Commercial Agent Matthew Maul

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Tenant Warehouse with Outdoor Storage

    This property features approximately 10 acres of outdoor storage space, accompanied by a 4,200-square-foot multi-tenant warehouse and an additional 1,000-square-foot warehouse. The multi-tenant warehouse is currently leased to two tenants, generating an income of $1,800 per month, with one vacant space available. Two new 14-foot overhead doors have been installed. Located in unincorporated Will County, the property benefits from low taxes and presents a re-zoning opportunity for new business ventures. The property is located in Wilmington, IL.
    Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    HVAC Service Parking Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    Will
    State
    Illinois
    Longitude
    -88.2310681
    Latitude
    41.3744795

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    FAQs

    What type of property is this?
    Warehouse - Warehouse with outdoor storage and income potential in Wilmington, IL.
    Where is this warehouse located?
    The property is located at 27942 S Kelly Rd Wilmington, IL.
    What is the asking price?
    The asking price for this property is $784,500.
    What are key features of this property?
    This property features: - 10 +/- AC for outdoor storage; - 4,200 SF multi-tenant warehouse; - Income-generating property: $1,800/month from existing tenants
    (708) 289-8912
    Request Owner's contact information
    27942 S Kelly Rd 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
    27942 S Kelly Rd Wilmington, IL 60481
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