Active
116-118 Water Street
Wilmington, IL 60481
$1,225,000
0beds
0baths
—sqft
Anything from "is it priced right?" to "what's the catch?"
About this home
Prime Downtown Wilmington Mixed-Use Investment Opportunity-Turnkey, Leased and Exceptionally Versatile. Welcome to 116-118 S. Water Street, a professionally rehabbed mixed-use commercial property offering a rare combination of retail, bar, and office suites in the heart of downtown Wilmington. Thoughtfully renovated with designer-level finishes, this essentially new-construction building has been reimagined for flexibility, functionality, and long-term appeal. Featuring a blend of turnkey leased spaces, the property is well-suited for investors seeking income-producing real estate or owner-users looking for a dynamic business environment. All bathrooms are ADA compliant, and the property is zoned B-2A, allowing for a wide range of potential uses. Ideally positioned along the water in Wilmington's downtown corridor, the property offers a unique waterfront setting that enhances its appeal for retail, hospitality, office, or entertainment uses, while benefiting from excellent visibility, accessibility, and strong presence. This is an exceptional opportunity to add a quality mixed-use asset to your investment portfolio.
MLS Description — as provided by the listing brokerage.
Location
The facts
Property typeCommercial Sale
Year built1914
Lot dimensions99x132x99x132
AreaWilmington
Annual tax$6,321.6
First listedApr 28, 2026
Parcel #0317253140110000
CountyWill
MLS #MRD12631492
Days on market1
Photos43
Features
Cooling
Central Air
Construction
BlockWood
Listed by
RE/MAX Ultimate Professionals
Daniel Condon · 708-710-0267
Listing courtesy of mred MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 4/29/2026, 2:27:03 AM. All data should be independently verified.
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