Address
121 N WATER Street Wilmington, IL
Price
$ 349,900
Property Attributes
  • MLS#11406642
  • TypeCommercial
  • CountyWILL
  • CityWilmington
  • AreaWilmington
  • Zip60481
  • Style
  • Taxes$ 4202
  • Price$ 349,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7968
  • Lot Size5,395 SqFt
Listing Provided Courtesy Of:
RE/MAX 1st Service
Data Source:
Midwest Real Estate Data (MRED)
Property Description

ONE OF THE LARGEST BUILDINGS IN "BOOMING" DOWNTOWN WILMINGTON IS ON THE MARKET. OVER 9000 S.F OF RENTAL SPACE, THREE COMMERCIAL UNITS, TWO ARE STOREFRONTS BOTH OVER 1200 S.F AND ONE WITH A FULL 3000 S.F. BASEMENT, DIVIDING WALL BETWEEN THE UNITS CAN BE OPENED IN TWO 8' SECTIONS, ONE 660 S.F REAR UNIT CURRENTLY RENTED TO A LONG-TERM TENANT, TWO THREE BEDROOM UPPER LEVEL 1600 S.F APARTMENTS BOTH WITH IN UNIT LAUNDRY, SEPARATE FURNACE AND AC UNITS AND BOTH ARE RENTED. **INSTANT INCOME**. TENANTS PAY ELECTRIC AND HAVE THEIR OWN SERVICE. THERE IS A NEW ROOF & THE APARTMENTS HAVE BEEN REMODELED.THE STOCK MARKET IS DOWN YOUR PORTFOLIO NEEDS THIS INCOME PRODUCER. CHECK OUT THE NUMBERS, DO THE MATH AND GET YOUR OFFER IN TODAY.

Price History
5/17/2022 Listed $349,900

General Features

Additional Parcels Y/N No
City Wilmington
Cooling Central Individual
County Will
Days on Market 31
Directions RT. 53 (BALTIMORE) TO WATER ST. NORTH TO 121 ON THE LEFT
Electric Circuit Breakers, Separate Meters
Fuel Expense 3600
Grossincome 60000
Insurance Expense 1500
Lot Size Square Feet 5395
MLS Area Wilmington
Net Operating Income 48897
Operatingexpense 6900
Property SubType Neighborhood Storefront
Property Type Commercial Sale
Property Type Retail/Stores
Standard Status Active
Status Active
Stories 2
Street Name WATER
Tax Annual Amount 4202.9
Tax Year 2020
Tenant Pays Electricity
Total Units 5
Township Wilmington
Trash Expense 800
Water Sewer Expense 1000
Zoning OTHER

Interior Features

Street Suffix Street

Exterior Features

Building Area Total 7968
Exterior Aluminum Siding, Brick
Foundation Details Concrete Perimeter
Frontage Type City Street
Lot Dimensions 5395
Total Parking 5

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 60481

Price
AVG $140K
$350K
Taxes
AVG $4,202
$4,202
Visits
AVG 64
4
Walkscore
AVG 59
61
Data Provided by Walkscore ® not using MLS data