1085 Water St, Wilmington, IL 60481-1666
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 consistent flow of potential customers and a strong, established commercial environment. The substantial square footage provides ample space for a variety of retail uses, making it an ideal opportunity for businesses seeking high visibility and a strong customer base. The property is offered at $750,000. This represents a significant opportunity to establish or expand a retail presence in a highly desirable and busy commercial area. The location's success is evident in the presence of well-known and successful national and regional brands. Don't miss this chance to secure a prime retail space in a thriving commercial hub. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.