208 N Water Street Wilmington, IL ^$ 187,000

208 N Water Street

^$ 187,000

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Recently Listed

208 N Water Street

Wilmington, IL, 60481

^$ 187,000

Bedrooms-- Baths-- Sq 800

Monthly Estimate*

^$ 1,292

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Commercial Property for sale in Wilmington, IL

for $187,000. This 800 square foot building was built in 1940 on a lot size of 0.036364.

The watch shop. This historic building recently underwent a complete literally from the earth up detailed driven restoration. The Watch Shop facade was made by Lustron. The front of the building is on Wilmington Illinois historic Main Street. The rear of the building is waterfront on the beautiful millrace of the Kankakee River. Only the finest materials and craftsmanship were utilized for this beautiful complete restoration. Modern heating and cooling systems and copper piping throughout insuring low maintenance and longevity. It is in complete order and ready to use. Iconic Watch Shop building in historic Wilmington downtown. Own a piece of Wilmington history! Super location with fantastic foot traffic and weekend browsers!

Commercial Active

Price

^$ 187,000

Property Type

Commercial

Taxes

^$ 908

Style

Commercial

Lot Size

0.036364

Year Built

1940

Town/City

Wilmington

County/Region

Will

MLS | Web ID

12802750

Features

General

Cooling Central Individual

Utilities Electric to Site Sewer Connected

Possession Closing

Year Built 1940

Electric Circuit Breakers

Stories Count 1

Township Wilmington

Property Subtype Other

Tax Year 2025

Current Use Commercial

Assoc Fee Paid Per Not Applicable

County Will

Net Operating Income 0

Property Type Commercial Sale Retail/Stores

Status New

Directions Rt53 (Baltimore St) to N Water

City Wilmington

Number Of Units Total 1

MLS Area Wilmington

Lot Size Square Feet 1584

Tax Annual Amount 908.72

Additional Parcels Y/N N

Leasable Area 0

Standard Status Active

Interior

Flooring Concrete

Exterior

Water Source Municipal Water

Foundation Details Concrete Perimeter

Building Area Total 800

Lot Dimensions 12x132

Frontage Type City Street

* Excluded Features

List By

Pro Real Estate

Broker

shell1962us@yahoo.com

Affordability Calculator

$1,367

Per Month

Monthly Principal & Interest: $1,292
Monthly Property Taxes: $76
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% 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

Trends
Schools

Commerical listings in Wilmington, IL

Average List Price ^$436,500

Percent of Sale Price 133%

About Wilmington, IL

99 Population

-1% Since 2002

^$45,781 Median Income

42.35 Median Age

14% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/5/2026	$187,000		Listed Price

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208 N Water Street, Wilmington, IL, 60481 is a Commercial Property for sale at $187,000 with 800 sqft and a lot size of 0.036364. 208 N Water Street was built in 1940. The property's zip code is 60481 which is in Wilmington, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 11/10/2026.

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208 N Water Street

Commercial Property for sale in Wilmington, IL

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