116-118 S Water Street, Wilmington, IL 60481

$1,225,000

  • Open House
  • New Listing
  • Price Reduced
  • Sold
  • Leased
-1 More Schedule
  • 0 BedroomBeds
  • 0 BathroomBaths
  • Sqft
  • 0Acres
  • Commercial SaleType
  • ActiveStatus
  • 12631492MLS#
-1 More Schedule

Virtual Tours

  • VirtualAdditionalTourImage

Property Description 116-118 S Water Street, Wilmington, IL, 60481

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.



Request Info/ Schedule Showing

Property Details 116-118 S Water Street, Wilmington, IL, 60481

  • On Market Date: 04/28/2026
  • Year Built: 1914
  • MLS#: 12631492
  • Type: Commercial Sale
  • Status: Active
  • Lot Size: 13,068
  • Price: $1,225,000
  • City: Wilmington
  • State: IL
  • Zip: 60481
  • County: Will
  • Development: NO
  • Date Last Updated: 04/30/2026
  • Basement: NO
  • Pool: NO
  • Cooling: Central Air

Estimated Monthly Mortgage Calculator

This calculator is provided for informational purposes only by Burrow Services, Inc. You should not make any decisions based simply on the information provided. Values indicated are estimates and may not be accurate and are only to be used as a guide. This calculator should not be relied upon in any way as the sole source of information. Please consult your financial, tax or legal advisers for an accurate assessment of your mortgage payments and any advice relating to your personal circumstances.

Get Pre-Approved
Output format
 

McColly Real Estate is powered by Burrow Services, Inc.