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1135 S Water Street Wilmington, IL $ 3,500,000
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$ 3,500,000 Get more info
1135 S Water Street
$ 3,500,000
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1135 S Water Street

Wilmington, IL, 60481
$ 3,500,000
Bedrooms-- Baths-- Sq 14,224

Monthly Estimate*

$ 21,835

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Commercial Property for sale in Wilmington, IL

for $3,500,000. This 14,224 square foot building was built in 1998 on a lot size of 4.05519.

Prime commercial property located just south of Chicago. This impressive 14,224 square foot building paired with a 2,500 square foot two bay car wash offers a rare investment opportunity. The main building features a welcoming lobby, six private offices, waiting room, break room, service area and large shop with five overhead doors-perfect for a variety of business operations. The additional two bay car wash on the property provides excellent supplemental income potential. Parking ample with about 180 vehicle spaces. Adding to the value the sellers require 36 month leaseback/$25,000 a month, ensuring immediate, consistent rental income for the buyer. Whether you are seeking a sound investment or a versatile property. This site delivers space, functionality and long term stability.

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Commercial Active

Price

$ 3,500,000

Property Type

Commercial

Taxes

$ 35,198

Style

Commercial

Lot Size

4.05519

Year Built

1998

Town/City

Wilmington

County/Region

Will

MLS | Web ID

12461788
Features
General
Cooling Central Air
Possession Lease Back Required
Zoning COMMR
Year Built 1998
Electric Circuit Breakers
Tenant Pays Other
Stories Count 1
Township Wilmington
Tax Year 2024
Current Use Commercial
Gross Income 0
County Will
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Office/Tech
Status Active
Directions I 55 South to North River Rd Left on North Rover Rd Right on N Kankakee St Right on E Baltimore Left on S Water Street
City Wilmington
MLS Area Wilmington
Lot Size Square Feet 176644
Tax Annual Amount 35198
Additional Parcels Y/N N
Leasable Area 14224
Standard Status Active
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Exterior
Building Area Total 14224
Lot Dimensions 559.2X289.5X511.8X316.5
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* Excluded Features
List By
Lori Bonarek Realty

Broker

loribonarek@loribonarekrealty.com

Email

Affordability Calculator

$24,769
Per Month
88%
12%
0%
Monthly Principal & Interest
$21,835
Monthly Property Taxes
$2,933
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
9/3/2025$3,500,000 Listed Price

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1135 S Water Street, Wilmington, IL, 60481 is a Commercial Property for sale at $3,500,000 with 14,224 sqft and a lot size of 4.05519. 1135 S Water Street was built in 1998. The property's zip code is 60481 which is in Wilmington, IL

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