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    615 N Market St Wilmington, DE 19804

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    For Sale
    $549,000

    Versatile building with retail space and residential conversion potential.

    Property size:
    3,822 SF
    Lot size:
    0.06 Acres

    Property Features for 615 N Market St

    General Information

    Size
    3,822 SF
    Lot size
    0.06 Acres

    Source: DSM Commercial Agent Gordon Winegar

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

    Overview

    Downtown Wilmington Mixed-Use Building

    Located in downtown Wilmington, this 3,822 square foot building offers a versatile space for business operations. The property includes 2,478 square feet of ground-floor retail space suitable for a storefront, boutique, or service business. The second and third floors present potential for residential apartment conversion, making it ideal for a live/work setup or rental income. An additional 2,400 square feet of lower-level space provides extra storage or expansion options. Situated on Market Street, the property is near The Grand Opera House, The Queen Theater, La Fia, Cocina Lolo, Merchant Bar, Cavanaugh’s, and Chelsea Tavern. It offers convenient access to DART public transit and is a short walk from the Amtrak/SEPTA station. The property is located in Wilmington’s Central Business District, minutes from I-95, I-495, and Route 13, providing access to Philadelphia, Baltimore, and beyond. This location is suitable for a business owner looking to invest in a growing downtown community.
    Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Similar Places Nearby

    Bloomsberry Flowers

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5503304
    Latitude
    39.7424512

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    FAQs

    What type of property is this?
    Storefront property - Versatile building with retail space and residential conversion potential.
    Where is this storefront property located?
    The property is located at 615 N Market St Wilmington, DE.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: - Prime downtown Wilmington location on Market Street.; - Versatile **3,822 SF building with 2,478 SF of ground-floor retail space**.; - Potential for residential apartment conversion on the second and third floors.
    (302) 757-5353
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    615 N Market St Wilmington, DE 19804
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    Wilmington, DE 19804
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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
    615 N Market St Wilmington, DE 19804
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