117-119 N Water Street Wilmington, IL ^$ 374,900

117-119 N Water Street

^$ 374,900

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117-119 N Water Street

Wilmington, IL, 60481

^$ 374,900

Studio Baths0.0 Sq 5,000

Monthly Estimate*

^$ 2,619

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Studio

Commercial Property for sale in Wilmington, IL

for $374,900. This 5,000 square foot building was built in 1900 on a lot size of 0.126263.

Two buildings with a ton of potential. They are being used as an antique store at the current time. The owner has added water lines and a utility lift from the basement, it is also partially set up for a coffee shop or bakery. The ideas are endless with this space. It has a full kitchen and loft in the break room space. Street Parking in the shopping district of downtown Wilmington. In back there is a patio area for employee use. As there have been several new businesses started on this street in the past few years this may be a perfect time for you to start or grow your business. it is located one block off the historic route 66 where they have craft shows every month in the summer and Cat Fish Days in July. AC unit 3 years old.

Commercial Active

Price

^$ 374,900

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 3,235

Style

Lot Size

0.126263

Year Built

1900

Town/City

Wilmington

County/Region

Will

MLS | Web ID

11832795

Features

General

Cooling Central Air

Zoning COMMR

Year Built 1900

Electric Circuit Breakers

Tenant Pays Air Conditioning Electricity Heat Taxes Insurance Repairs

Stories 1

Township Wilmington

Property SubType Neighborhood Storefront

Tax Year 2022

County Will

Net Operating Income 75000

Property Type Commercial Sale Retail/Stores

Status Active

Directions North of Route 66 on Water St. In shopping district.

City Wilmington

MLS Area Wilmington

Lot Size Square Feet 5500

Street Name Water

Tax Annual Amount 3235

Additional Parcels Y/N Y

Leasable Area 5000

Days on Market 202

Standard Status Active

Exterior

Building Area Total 5000

Lot Dimensions 5000

Interior

Street Suffix Street

* Excluded Features

List By

Real People Realty

Broker

Janesrealpeople@gmail.com

Affordability Calculator

$2,888

Per Month

Monthly Principal & Interest: $2,619
Monthly Property Taxes: $270
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Wilmington, IL

Average List Price ^$1,004,150

Percent of Sale Price 168%

About Wilmington, IL

99 Population

-1% Since 2002

^$45,781 Median Income

42.35 Median Age

14% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/15/2023	$374,900		Listed Price

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117-119 N Water Street, Wilmington, IL, 60481 is a Commercial Property for sale at $374,900 with 5,000 sqft and a lot size of 0.126263. 117-119 N Water Street is a studio with 0.0 baths and was built in 1900. The property's zip code is 60481 which is in Wilmington, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 5/9/2024.

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117-119 N Water Street

Commercial Property for sale in Wilmington, IL

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