# 508 N Kankakee Street, Wilmington, IL 60481

> **TL;DR:** commercial, $899,000.
> A/C. Est. $3,896/mo. Listed 272 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $899,000 |
| Lot Size | 37,026 sqft (0.85 acres) |
| Stories | 2 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 272 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,896 |
| **Total** | **$3,896** |

## Key Amenities

- A/C

## Property Highlights

- 0.85 acre lot
- 2 stories

## Description

### Agent 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.

## Location

- **Address:** 508 N Kankakee Street, Wilmington, IL 60481
- **County:** Will

## Listing Agent

- **Name:** Kelli Brach
- **Brokerage:** Village Realty, Inc.
- **Phone:** (708) 478-1212
- **Email:** kelli@vrsrealty.com

## Primary Photo

![508 N Kankakee Street - Primary Photo](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f2255380015r.jpg)

*33 total photos available on [listing page](https://www.propertysimple.com/listing/508-n-kankakee-street-wilmington-il-60481-12458780)*

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**MLS#:** 12458780 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/508-n-kankakee-street-wilmington-il-60481-12458780)

---

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