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    Wilmington, IL Retail Space for Sale

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    Manteno, IL Elwood, IL Manhattan, IL
    Downtown Wilmington Mixed-Use Investment
    $1,165,000
    0.30 Acres
    Downtown Wilmington Mixed-Use Investment

    116-118 S Water Street, Wilmington, IL 60481

    Turnkey, leased mixed-use property in downtown Wilmington.
    • Prime downtown Wilmington location on the water, offering excellent visibility and accessibility.
    • Turnkey, leased mixed‑use property generating income with retail, bar, and office suites.
    • Professionally rehabbed with designer‑level finishes, essentially new construction.
    • Versatile B‑2A zoning allows for a wide range of potential uses (retail, hospitality, office, entertainment).
    • All bathrooms are ADA compliant.
    Updated: Apr 28
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    Retail and Outdoor Storage Property
    $799,000
    0.85 Acres
    Retail and Outdoor Storage Property

    508 N Kankakee Street, Wilmington, IL 60481

    A combined retail marketplace with outdoor storage units on an 0.85-acre site in Wilmington, Illinois.
    • Dual‑income stream: Retail vendor space and 39 fully occupied outdoor storage units.
    • Established, profitable business with a loyal customer base.
    • Spacious 17,000 sq ft building with 50+ vendor booths.
    • Prime location in the heart of Wilmington.
    • Turnkey business with growth potential.
    Updated: Sep 2, 2025
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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Wilmington, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Prime Commercial Space in Forest Park
    $360,000
    3,000 SF
    Prime Commercial Space in Forest Park

    Versatile mixed-use commercial property in a high-traffic location.

    7441 Madison Street, Forest Park, IL 60130

    View details
    Prime Commercial Space in Diamond
    Contact for pricing
    3,600 SF
    Prime Commercial Space in Diamond

    3,600 sq ft commercial space in high-traffic Diamond location.

    2918 East Division Street, Coal City, IL 60416

    View details
    Retail Strip Center For Sale
    Contact for pricing
    12,000 SF
    Retail Strip Center For Sale

    Retail strip center with diverse tenants in prime location.

    7736-7748 Madison St, Forest Park, IL

    View details
    Downtown Coal City Historic Building
    $200,000
    2,200 SF
    Downtown Coal City Historic Building

    Remodeled historic building in downtown Coal City's business district.

    335 S Broadway St, Coal City, IL 60416

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime PUD-Zoned Land Opportunity
    $1,599,000
    900 SF
    Prime PUD-Zoned Land Opportunity

    2.07 acres of PUD-zoned land in a growing corridor.

    3229 State Road 207, Elkton, FL 32033

    View details

    Wilmington, IL Retail Space Market Trends and Statistics

    Explore 2 retail space for sale in Wilmington, IL on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $1,964,000.

    Sale prices for retail space in Wilmington, IL start at $799,000, averaging $982,000, and reaching up to $1,165,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Automotive properties 2
    Car washes 1
    Shopping centers 1
    Storefront properties 1

    Demographics Overview

    Population 11K
    Population Growth (5Y) -2.3%
    Median Household Income $76,398
    College Educated 22.7%

    High-Yield Neighborhoods for Investment

    Identify Wilmington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60481 $1.2M

    Taxes & Financing

    Tax Rate (average for all types) 7.87%
    Property Tax per SF $83.52 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Will County

    New Delisted

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