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Listing provided courtesy of Lori Bonarek RealtyMREDas Distributed by MLSGrid- MLS# 12461788MLS Provider

1135 S Water StreetWilmington, IL 60481

Commercial · 14,224 Sq. ft.
$2,500,000 Active

1135 S Water Street Overview

Time on Site:
300 days
Visits:
2

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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1135 S Water Street Facts & Features

  • Type Commercial
  • Sq. ft. 14,224
  • Price/Sq.ft. $176

Details

General

Income/Expenses

  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1998

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Will
  • MLS Area Major: Wilmington
  • Township: Wilmington

Rent/Lease Information

  • Tenant Pays: Other

Tax Information

  • Tax Annual Amount: $35,198.00
  • Tax Year: 2024

General Information

  • Parcel Number: 0317364000620000
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 14224

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Leasable Area: 14224
  • Stories: 1

Unit Information

  • Unit SqFt.: 0

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 559.2X289.5X511.8X316.5
  • Lot Size Square Feet: 176644

1135 S Water Street Neighborhood

Community

60481 (Wilmington) Demographics

46
Median Age
100
Population Density (per sq. mile)
24%
College Educated
$64,956
Estimated Median Income
3,461
Estimated Total Home Owners
1,164
Estimated Total Renters
75% / 25%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1135 S Water Street Monthly Cost

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Jeremy Woods
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1135 S Water Street Market Data

Based on the last 30 days in this zip code

$299,316
Average List Price
$231
Average Price per Square Foot
21
Properties Sold
53
Average Days on Market
50
Properties for Sale
Calculations provided by Reliance Network

1135 S Water Street History

Date Event Value Agent
6/29/2026Source: MRED Status Change
Active
6/23/2026Source: MRED Price Reduction
$2,500,000 -16.5%
6/23/2026Source: MRED Status Change
Price Change
2/9/2026Source: MRED Status Change
Active
2/4/2026Source: MRED Price Reduction
$2,995,000 -14.4%
2/4/2026Source: MRED Status Change
Price Change
9/8/2025Source: MRED Status Change
Active
9/3/2025Source: MRED Added to Database
September 03, 2025