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508 N Kankakee Street

Wilmington, IL 60481
  • $899,000
  • STATUS: Active
  • MLS #: 12458780
UPDATED: 85 min ago
$899,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
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Business Opportunity
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Description

Seize the opportunity to own a profitable, established business in the heart of Wilmington! Milltown Market & Storage features a spacious 17,000 sq ft building that houses 50+ vendor booths, making it a regional destination for antiques, collectibles, vintage decor, and one-of-a-kind finds. The marketplace has a loyal customer base and a steady stream of visitors year-round. Adding to the income potential, the property includes 39 outdoor storage units, all with paying tenants, providing reliable monthly rental revenue. This dual-income model-retail vendor space plus storage rental-makes Milltown Market & Storage a unique and stable investment. With a strong vendor community, consistent rental income, and an expansive building in a prime location, this is a rare chance to acquire a turnkey business with growth potential.

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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty.

Based on information submitted to the MLS GRID as of 2026-03-17T01:01:43.257 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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508 N Kankakee Street Wilmington, IL 60481

  • Price: $899,000
  • Status: Active
  • On Site: Days
  • Updated: 85 min ago
  • MLS #: 12458780
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Will
County:
Will
Area:
Will
Property Description
Seize the opportunity to own a profitable, established business in the heart of Wilmington! Milltown Market & Storage features a spacious 17,000 sq ft building that houses 50+ vendor booths, making it a regional destination for antiques, collectibles, vintage decor, and one-of-a-kind finds. The marketplace has a loyal customer base and a steady stream of visitors year-round. Adding to the income potential, the property includes 39 outdoor storage units, all with paying tenants, providing reliable monthly rental revenue. This dual-income model-retail vendor space plus storage rental-makes Milltown Market & Storage a unique and stable investment. With a strong vendor community, consistent rental income, and an expansive building in a prime location, this is a rare chance to acquire a turnkey business with growth potential.
Exterior Features

Lot Size .50-.99 Acre Outdoor Parking 13-18 Spaces Waterfront YN No

Interior Features

Cooling Central Air Heat Ventilation Forced AirGas Miscellaneous Inside Elevator/s FreightPublic Restroom/sStorage InsideLaundry Room

Property Features

Additional Parcels YN No Adjusted Net Income 00 Adjusted Net Income Year 2024 Annual Rent For Real Estate 0 Building Area Total 17000 Business Age 11+ Years Business Type Retail Corporate Limits Wilmington Current Use Commercial Gross Profit Year 2024 Gross Sales Annual 90000 Gross Sales Annual Year 2024 Location Central Business District Mls Actual Status Active Operating Expense 30000 Ownership Type Sole Proprietor Ownership Types Sole Proprietor Property Offered For Sale Only Real Estate Included Yes Sale Price Includes LandBuildingBusinessEquipment Tax Annual Amount 3468 Tax Year 2024 Type Bus / Bus w/Real Est Type Of Lease Other (See Remarks) Zoning COMMR

Listing courtesy of © 2026 Midwest Real Estate Data LLC as distributed by MLS GRID.
Listing provided courtesy of Village Realty, Inc.: 708-478-1212.



© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty.

Based on information submitted to the MLS GRID as of 2026-03-17T01:01:43.257 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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