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Residential Building Lot Opportunity
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2 W Elmwood Avenue, Wilmington, IL 60481

Land, Wilmington, IL

Property SizeContact for details
Lot Size0.08 Acres
Days on Market624

Property Features for 2 W Elmwood Avenue

General Information

Property type Land
Property subtype Other
Elementary school district 209U
Middle school district 209U
High school district 209U
Directions To reach W Elmwood Ave in Wilmington, IL, you can follow these steps from a central location: Head southwest toward Main St (State Route 53). Continue on Main St and take the first left onto W Elmwood Ave. Follow W Elmwood Ave as it leads you to the destination.
Subdivision Wilmington
Standard status Active
APN 0824132110070000
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 126
Listing Agency: ListWithFreedom.com
Listed By: Henry Torn · License #471018202
Added: Dec 4, 2024 Changed: Aug 20 Last Checked: Aug 20 at 4:06PM
MLS# 12221340

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 residential lot offers 3,670.4 sq. ft. (0.08 acres) of land within the Municipality of Wilmington, Will County, Illinois. The offering is presented as part of a package that includes additional Elmwood Avenue addresses, specifically 2 W Elmwood Ave, 5 W Elmwood Ave, and 8 W Elmwood Ave.

Wilmington is described as a river-adjacent community along the Kankakee River, with local parks, dining, shopping, and a historic downtown area. The remarks also note convenient access to larger nearby cities such as Joliet and Chicago, and proximity to major highways including I-55.

For buyers seeking to build, this parcel provides a residential building site in a small-town setting while remaining within reach of urban amenities. As part of a multi-lot package along Elmwood Avenue, it may also appeal to purchasers looking for additional options within the same immediate market area.

Key Highlights

  • Residential lot with 3,670.4 sq. ft. (.08 acres) in Wilmington, IL (Will County).
  • Location along the Kankakee River in Wilmington, IL.
  • Package includes 2 W Elmwood Ave, 5 W Elmwood Ave, and 8 W Elmwood Ave, Wilmington, IL.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Auto Repair Shop Garden Center Big Box & Wholesale Store Kitchen & Bath Showroom Law Firm Accounting Firm

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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

14
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Residential lot in Wilmington, IL with nearby access to major routes for building a new home.
Where is this residential land & home lot located?
The property is located at 2 W Elmwood Avenue Wilmington, IL.
What are key features of this property?
This property features: Residential lot with 3,670.4 sq. ft. (.08 acres) in Wilmington, IL (Will County).; Location along the Kankakee River in Wilmington, IL.; Package includes 2 W Elmwood Ave, 5 W Elmwood Ave, and 8 W Elmwood Ave, Wilmington, IL.
More about this property
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