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4-Suite Office Building
For Sale
Under Contract
$990,000

1501 N WALNUT Street, Wilmington, DE 19801

Commercial Sale, WILMINGTON, DE

Property SizeContact for details
Lot Size0.19 Acres
Days on Market45

Property Features for 1501 N WALNUT Street

General Information

Property type Other
Property subtype Office
Parking 14
Parking features Fenced, On Street, Parking Lot
Subdivision WILM #09
Elementary school district CHRISTINA
Middle school district CHRISTINA
High school district CHRISTINA
Standard status Active Under Contract
Lot size 0.19 Acres

Additional Details

Property Use Office
Condition Newly Renovated

Taxes and HOA fees

Tax Annual Amount 5917

Utilities

Heating system Central

Building Details

Year built 1918
Building materials Block, Brick, Mixed Plumbing, Stone
Buildings 1
Listing Agency: Keller Williams Realty Wilmington
Listed By: Shontay Sherie Weeks · License #RS0037336
Added: Sep 9 Changed: Oct 23 Last Checked: Oct 23 at 8:06PM
MLS# DENC2110844

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

Built in 1918, this two-story office property contains four suites and is constructed with block, brick, and stone. Separate men’s and women’s restrooms serve each floor. The existing layout includes a larger first-floor suite with additional rear space, while the upper level has two suites. Central heating serves the building, and the property has been renovated.

The site encompasses 0.19 acres at 1501 N. Walnut Street in Wilmington, Delaware. Rodney Square is five blocks away, and the property is also described as convenient to the Brandywine River. Parking features include a fenced lot and on-street parking.

Key Highlights

  • Four office suites in a two‑story building
  • 0.19‑acre site at 1501 N. Walnut Street
  • Built in 1918; construction includes block, brick, and stone

Property Analytics

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Current Use

Choice Media Recording Studio

Suggested Use

Top Pick Bakery Carpet & Flooring Store Locksmith Florist (Bike/Boat/Book/etc) Store Veterinary Clinic

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

4
Office units

Location Intelligence

Trade Area within ½ mile

6,432
Businesses Nearby

Demographics for 19801, DE

16,219
Population
9,390
Households
1.7
Avg Household Size
34
Median Age
26%
College-Educated
85%
High-School Grad
4.4 sq mi
ZIP Area
3,686
Density / Sq Mi
$44,505
Median Household Income
$36,684
Median Earnings
$1,126
Median Rent
$196,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office building - Two floors of office space offer separate suite configurations and dedicated restrooms on each level.
Where is this office building located?
The property is located at 1501 N WALNUT Street Wilmington, DE.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Four office suites in a two‑story building; 0.19‑acre site at 1501 N. Walnut Street; Built in 1918; construction includes block, brick, and stone
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