Brenda Smith
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
Description
Prime Downtown Wilmington Mixed-Use Investment Opportunity-Turnkey, Leased and Exceptionally Versatile. Welcome to 116-118 S. Water Street, a professionally rehabbed mixed-use commercial property offering a rare combination of retail, bar, and office suites in the heart of downtown Wilmington. Thoughtfully renovated with designer-level finishes, this essentially new-construction building has been reimagined for flexibility, functionality, and long-term appeal. Featuring a blend of turnkey leased spaces, the property is well-suited for investors seeking income-producing real estate or owner-users looking for a dynamic business environment. All bathrooms are ADA compliant, and the property is zoned B-2A, allowing for a wide range of potential uses. Ideally positioned along the water in Wilmington's downtown corridor, the property offers a unique waterfront setting that enhances its appeal for retail, hospitality, office, or entertainment uses, while benefiting from excellent visibility, accessibility, and strong presence. This is an exceptional opportunity to add a quality mixed-use asset to your investment portfolio.
Property Highlights
Property Type: Commercial - Retail
Building Description: 1.0 stories
Year Built: 1914
General Information
County: Will
Listed By:
RE/MAX Ultimate Professionals
815-725-4545
MRED MLS
MLS ID: 12631492
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116-118 S Water Street , Wilmington, IL 60481.
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,225,000 | $1,225,000 | $1,225,000 |
| Down Payment | $42,875 | $0 | $245,000 |
| Monthly Mortgage Amount | $7,308 | $7,603 | $5,955 |
| Taxes | $1705 | $1705 | $1705 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $735 | $0 | $0 |
| Monthly Estimated Total | $10,105 | $9,665 | $8,017 |
Brenda Smith
REALTOR®
Office: (563) 583-4550
Cell: (563) 451-5132
Licensed in IA
Dubuque Office
600 Star Brewery Drive
Suite 300
Dubuque, IA 52001
(563) 583-4550
Suite 300
Dubuque, IA 52001
(563) 583-4550
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