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    Property profile & analytics
    OFF-MARKET Estimated value $650,000
    Commercial real estate

    1085 Water St, Wilmington, IL 60481-1666

    1.5 ac lot
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US28-3405623
    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 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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 1.5 ac (65,340 SF)
    APN 03-17-36-400-026
    UPID US28-3405623
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $585k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $650k
    Owner & transaction history
    1085 S Water Street LLC · 1 yrs held
    1085 S Water Street LLC
    since 2025
    Last sale
    $660,000
    1 recorded transaction
    2025
    $660,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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