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Financial
Distress signals
Property profile

1085 Water St Wilmington, IL 60481

OFF-MARKET
Commercial real estate
Property ID
US28-3405623
1.5 ac lot
Last sale Mar 2025 · $660,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional retail property, located at 1085 S Water Street in Wilmington, Illinois, offers over 16,000 square feet of prime commercial space. Situated on a busy state highway within a thriving retail center, this location boasts unparalleled visibility and high traffic counts. The property benefits from its strategic placement alongside established and successful businesses, including Old National Bank, McDonald's, a high-volume convenience store, CVS, and Ace Hardware. This ensures a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$20k
Tax billed · 2023
Assessed value$262k
Assessed land$44k
Assessed improvement$218k
Effective rate7.74%

Value estimate

· Oct 2026
$625k
$563k – $688k
AI approach$585k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$157/SF
County average, outlier-cleaned · 497 recorded sales of this use type
Observed band · Q1–Q3$82 – $255

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWILL

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency12.5
Law Firm12.3
Pharmacy10.0

Location

1085 Water St Wilmington, IL 60481-1666
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
31911 Riv, Wilmington, IL 60481-9536 $1,145,898 Sep 2025 No data
27944 Kelly, Wilmington, IL 60481-8389 $400,000 Sep 2025 No data
105 Water, Wilmington, IL 60481-1373 $170,000 Sep 2025 No data
606 Van Buren, Wilmington, IL 60481-1199 $1,500,000 Jul 2025 No data
201 1st, Wilmington, IL 60481-1102 $290,000 Jul 2025 No data
309 Joliet, Wilmington, IL 60481-1332 $275,000 Jun 2025 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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