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508 N Kankakee Street Wilmington, IL $ 1,000,000
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$ 1,000,000 Get more info
508 N Kankakee Street
$ 1,000,000
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Share Save

508 N Kankakee Street

Wilmington, IL, 60481
$ 1,000,000
Bedrooms-- Baths-- Sq 17,000

Monthly Estimate*

$ 6,239

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Commercial Property for sale in Wilmington, IL

for $1,000,000. This 17,000 square foot building was built on a lot size of 0.85.

Seize the opportunity to own a profitable, established business in the heart of Wilmington! Milltown Market & Storage features a spacious 17,000 sq ft building that houses 50+ vendor booths, making it a regional destination for antiques, collectibles, vintage decor, and one-of-a-kind finds. The marketplace has a loyal customer base and a steady stream of visitors year-round. Adding to the income potential, the property includes 39 outdoor storage units, all with paying tenants, providing reliable monthly rental revenue. This dual-income model-retail vendor space plus storage rental-makes Milltown Market & Storage a unique and stable investment. With a strong vendor community, consistent rental income, and an expansive building in a prime location, this is a rare chance to acquire a turnkey business with growth potential.

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Commercial Active

Price

$ 1,000,000

Property Type

Commercial

Taxes

$ 3,468

Style

Retail

Lot Size

0.85

Town/City

Wilmington

County/Region

Will

MLS | Web ID

12458780
Features
General
Cooling Central Air
Possession Closing
Zoning COMMR
Stories Count 2
Tax Year 2024
Current Use Commercial
Business Type Retail
Business Name MILLTOWN MARKET & STORAGE
County Will
Operating Expense 30000
Property Type Business Opportunity Bus / Bus w/Real Est
Status Active
Directions From Joliet .. Rt. 53 into Wilmington .. Turn right on Kankakee Street to property: Milltown Market and Storage
City Wilmington
MLS Area Wilmington
Lot Size Square Feet 37026
Tax Annual Amount 3468
Additional Parcels Y/N N
Standard Status Active
Ownership Type Sole Proprietor
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Exterior
Building Area Total 17000
Lot Dimensions 193X226X153X226
Waterfront Y/N N
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* Excluded Features
List By
Village Realty, Inc.

Broker

Kelli@vrsrealty.com

Email

Affordability Calculator

$6,528
Per Month
96%
4%
0%
Monthly Principal & Interest
$6,239
Monthly Property Taxes
$289
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
9/2/2025$1,000,000 Listed Price

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508 N Kankakee Street, Wilmington, IL, 60481 is a Commercial Property for sale at $1,000,000 with 17,000 sqft and a lot size of 0.85. The property's zip code is 60481 which is in Wilmington, IL

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