Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$2,995,000 -$505,000 (-14.43%) Price Reduced

  • For Sale
  • Active
  • Commercial
  • 14,224 Sq. Ft.
  • Updated 1 day ago
See This Home
Save This Home
See This Home
Save This Home
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.

Full Property Details for 1135 S Water St

General

  • Price: $2,995,000
  • Taxes: $35,198 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12461788
  • Updated: 2/4/2026
  • Added to Site: 156 day(s) ago

Additional Information

  • Security/Safety: Alarm Monitored, Fire Extinguisher(s)

Location

  • Area: Wilmington
  • County: Will
  • Township: Wilmington
  • Driving 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
  • Location Details: Chicago South, Central Business District

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Gas

Structural Information

  • Drive-In Doors: 5
  • Stories/Levels: 1
  • Square Feet: 14,224
  • Current Bldg. Use: Commercial
  • Year Built: 1998

Lot Features

  • Lot Size (Sq. Ft.): 176,644
  • Lot Dimensions: 559.2 x 289.5 x 511.8 x 316.5
  • Zoning: COMMR

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Security Deposit: Alarm Monitored, Fire Extinguisher/s
  • Assessment Year: 1998
  • Tax Amount: $35,198
  • Tax Year: 2024

Disclosures and Reports

  • Property ID: 317364000620000

Listed by Lori Bonarek Realty

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agents

— 1135 S Water St —

  • Lori Bonarek Realty

  • Lori Bonarek Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Get a Great Insurance Rate

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1135 S Water St

School District:Wilmington Community Unit School District 209u
NameGradesDistance
L J Stevens Intermediate School
221 Ryan Street, Wilmington, IL 60481
2-50.4 mi
Bruning Elementary School
1910 Bruning Drive, Wilmington, IL 60481
PK-10.9 mi
Wilmington Middle School
715 South Joliet Street, Wilmington, IL 60481
6-80.5 mi
Wilmington High School
209 Wildcat Court, Wilmington, IL 60481
9-120.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1135 S Water St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/04/2026
Price Reduced
$2,995,000
-14.43%
MLS
9/03/2025
Listed
$3,500,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1135 S Water St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$35,198
-2%
$464,880
—
2023
$35,996
—
$464,880
—
2022
$35,914
-3%
$464,880
—
2020
$37,132
-1%
$464,880
—
2019
$37,476
-1%
$464,880
—
2018
$37,685
-1%
$464,880
—
2017
$38,043
27%
$464,880
26%
2016
$29,994
-3%
$368,213
—
2015
$31,003
—
$368,213
—
2014
$30,995
5%
$368,213
—
2013
$29,387
7%
$368,213
—
2012
$27,540
—
$368,213
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1135 S Water St

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Lori Bonarek Realty

Just Listed near 1135 S Water St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

26125 W Kennedy Rd, Braidwood, IL 60408 - Photo 1 Just Listed
$5,000,000

26125 W Kennedy Rd  Braidwood, IL 60408

  • Farm
  • Active
  • Updated 2 days ago
  • 158.72
    Sq. Ft.
464 S Front St, Braidwood, IL 60408 - Photo 1 Just Listed

464 S Front St  Braidwood, IL 60408

  • Commercial Lease
  • Active
  • Updated 10 hours ago
222 S Lincoln St, Braidwood, IL 60408 - Photo 1 Just Listed
$214,900

222 S Lincoln St  Braidwood, IL 60408

  • Single Family
  • Active
  • Updated 3 days ago
  • 3
    Beds
  • 1
    Total Bath
  • 1,100
    Sq. Ft.
914 Cottonwood Dr, Elwood, IL 60421 - Photo 1 Just Listed
$339,900

914 Cottonwood Dr  Elwood, IL 60421

  • Single Family
  • Active
  • Updated 6 hours ago
  • 4
    Beds
  • 3
    Total Baths
  • 2,600
    Sq. Ft.

Price Reduced near 1135 S Water St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

459 N School St, Braidwood, IL 60408 - Photo 1 Price Reduced
-$4,900 (-1.53%)
$315,000

459 N School St  Braidwood, IL 60408

  • Single Family
  • Active
  • Updated 1 day ago
  • 4
    Beds
  • 2
    Total Baths
  • 1,536
    Sq. Ft.
1165 S Farmstone Dr, Diamond, IL 60416 - Photo 1 Price Reduced
-$2,000 (-0.54%)
$367,000

1165 S Farmstone Dr  Diamond, IL 60416

  • Townhouse
  • Active
  • Updated 5 days ago
  • 2
    Beds
  • 2
    Total Baths
  • 1,685
    Sq. Ft.
1175 S Farmstone Dr, Diamond, IL 60416 - Photo 1 Price Reduced
-$2,000 (-0.54%)
$367,000

1175 S Farmstone Dr  Diamond, IL 60416

  • Condo / Townhouse
  • Active
  • Updated 5 days ago
  • 2
    Beds
  • 2
    Total Baths
  • 1,683
    Sq. Ft.
903 Springhill Dr, Coal City, IL 60416 - Photo 1 Price Reduced
-$9,001 (-1.88%)
$469,999

903 Springhill Dr  Coal City, IL 60416

  • Single Family
  • Active
  • Updated 1 day ago
  • 4
    Beds
  • 3
    Total Baths
  • 2,450
    Sq. Ft.

Recent Sales near 1135 S Water St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

26125 W Kennedy Rd, Braidwood, IL 60408 - Photo 1 Sold
$3,150,000

26125 W Kennedy Rd  Braidwood, IL 60408

  • Farm
  • Closed
  • 158.72
    Sq. Ft.

1135 S Water Street, Wilmington, IL 60481 (MLS# 12461788) is a Commercial property. 1135 S Water Street is currently listed for $2,995,000 and was received on September 03, 2025. Want to learn more about 1135 S Water Street? Do you have questions about finding other Commercial real estate for sale in Wilmington? You can browse all Wilmington real estate or contact a Coldwell Banker agent to request more information.

Tour this property