Building Details

Year built 1890

Floors in Building 2

Number of units 4

Flooring type Wood

Building materials Brick

Roof type Rubber

Listing Agency: Able Realty, Inc.

Listed By: Anthony Cavalea Show Phone

Added: Oct 20 Changed: Oct 21 Last Checked: Oct 23 at 5:06AM

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MLS# 12790067

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Investment Insights

Based on property information with market context.

This two-story brick mixed-use building includes commercial space on the ground floor and two apartments above. Each apartment has two bedrooms, one bathroom, and approximately 800 square feet. The ground floor is approximately 1,600 square feet and includes two full bathrooms, a laundry room, and a storage room.

The roof was replaced in 2018, plumbing was updated in 2019, and first-floor electrical work was completed in 2021. The parking lot was paved and drainage added in 2024, while the parapets were addressed in 2023. All units were remodeled between 2019 and 2025; dates are approximate. The property is offered in as-is condition.

Key Highlights

• Two second‑floor apartments, each with 2 bedrooms, 1 bathroom, and approximately 800 square feet
• Approximately 1,600 square feet of ground‑floor commercial space with 2 full bathrooms
• Laundry room and storage room on the ground floor

Property Analytics

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Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Garden Center Real Estate Agency Carpet & Flooring Store

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

2

Residential units

Location Intelligence

Trade Area within ½ mile

406

Businesses Nearby

18k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 86% Dining 14%

Shell Shops & Services

5,933 visits/mo 0.4 miles

Mobil Shops & Services

4,843 visits/mo 0.1 miles

U.S. Bank Shops & Services

2,292 visits/mo 0.4 miles

SUBWAY Dining

1,527 visits/mo 0.1 miles

Super Wash Shops & Services

1,207 visits/mo 0.5 miles

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 Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The ground floor offers flexible commercial space with two full bathrooms, a laundry room, and storage.

Where is this mixed-use property located?

The property is located at 213 N Water Street Wilmington, IL.

What is the asking price?

The asking price for this property is $300,000.

What are key features of this property?

This property features: Two second‑floor apartments, each with 2 bedrooms, 1 bathroom, and approximately 800 square feet; Approximately 1,600 square feet of ground‑floor commercial space with 2 full bathrooms; Laundry room and storage room on the ground floor