$ 1,165,000
-
$1,165,000
Price -
0
Bed -
0
Bath -
5,243
SqFt
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About the Listing 25103 - 273383,269544,99995
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.
Listing Highlights
Status
Pending
Days on Site
32
Property Type
Commercial Sale
MLS ®
12631492
Year Built
1914
Total Square Footage
5,243
Lot/Acreage
0.3
County
Will
Area
Wilmington
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air
- Fireplaces:
- Floor: Concrete
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 99x132x99x132
- Zoning: COMMR
- Roof:
- Others:
- Sewer:
- Parking Features: 13-18 Spaces,Private Lot,Parking On-Site,Parking-Street
Financial Details
- Tax Amount: $6,322
- Taxes w/Assessments: N/A
- Tax/Property ID: 0317253140110000
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Questions About..
116-118 S Water St Wilmington, IL 60481
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