706 Baltimore St Wilmington, IL 60481
- Commercial real estate
- 22,866 SF
Current Use by Public Records
- Commercial real estate
Property Details for 706 Baltimore St
- Year built
- 1975
- Property size
- 22,866 SF
- Property type
- Commercial real estate
Description
This exceptional 22,866 square foot community shopping center presents a lucrative investment opportunity in the thriving Wilmington, IL market. Strategically located along the historic Route 66 corridor and boasting prominent frontage on Route 53, this property benefits from high visibility and significant foot traffic in a dense retail and residential area. The center currently houses a Dollar General store, providing a stable anchor tenant and immediate cash flow. The property has undergone a complete and extensive renovation, encompassing both exterior and interior improvements. Upgrades include brand new flooring and ceilings throughout, fresh paint, a fully overhauled electrical system, and a completely updated HVAC system. The result is a clean, modern, and highly attractive retail space ready for immediate occupancy. Two vacant spaces are available, presenting a significant opportunity to increase rental income and further enhance the property's return on investment. This is a turnkey operation, ideal for an investor seeking a well-maintained, high-traffic retail center in a prime location. The property's recent renovations minimize future capital expenditures, allowing for immediate focus on maximizing rental income and building long-term equity. Don't miss this chance to acquire a well-positioned, income-producing asset in a rapidly growing market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- Will
- State
- Illinois
- Longitude
- -88.1589
- Latitude
- 41.3056
