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Listing provided courtesy of Village Realty, Inc.MREDas Distributed by MLSGrid- MLS# 12458780MLS Provider

508 N Kankakee StreetWilmington, IL 60481

Commercial · 17,000 Sq. ft.
$799,000 Active

508 N Kankakee Street Overview

Time on Site:
300 days
Visits:
7

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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508 N Kankakee Street Facts & Features

  • Type Commercial
  • Sq. ft. 17,000
  • Price/Sq.ft. $47

Details

General

Income/Expenses

  • Operating Expense: 30000

Business Information

  • Business Name: MILLTOWN MARKET & STORAGE
  • Business Type: Retail
  • Current Use: Commercial
  • Number Of Full Time Employees: 0
  • Number Of Part Time Employees: 0

Location/Region

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

Tax Information

  • Tax Annual Amount: $3,468.00
  • Tax Year: 2024

General Information

  • Parcel Number: 0317253290120000
  • Property Type: Business Opportunity
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 17000

General Information

  • Cooling: Central Air
  • Stories: 2

Unit Information

  • Unit SqFt.: 17000

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 193X226X153X226
  • Lot Size Square Feet: 37026

Waterfront/View

  • Waterfront: No

508 N Kankakee 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.

508 N Kankakee Street Monthly Cost

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$ %
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Randall Fowlkes
* 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.

508 N Kankakee 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

508 N Kankakee Street History

Date Event Value Agent
6/23/2026Source: MRED Status Change
Active
6/17/2026Source: MRED Price Reduction
$799,000 -11.1%
6/17/2026Source: MRED Status Change
Price Change
1/18/2026Source: MRED Status Change
Active
1/13/2026Source: MRED Price Reduction
$899,000 -10.1%
1/13/2026Source: MRED Status Change
Price Change
9/7/2025Source: MRED Status Change
Active
9/2/2025Source: MRED Added to Database
September 02, 2025