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.
| Listing Id: | 12458780 |
|---|---|
| List Price: | $799,000 |
| Property Type: | Business Opportunity |
| Property Type: | Bus / Bus w/Real Est |
| Status: | Active |
| Parking On Site: | No |
| Tax Annual Amount: | $3,468 |
| Lot Size Square Feet: | 37,026 |
| City: | Wilmington |
| County Or Parish: | Will |
| Postal Code: | 60481 |
| Basement: | false |
| Building Area Total: | 17000 |
| Business Name: | MILLTOWN MARKET & STORAGE |
| Business Type: | Retail |
| Cooling: | Central Air |
| Current Use: | Commercial |
| Directions: | From Joliet .. Rt. 53 into Wilmington .. Turn right on Kankakee Street to property: Milltown Market and Storage |
| Lot Size Dimensions: | 193X226X153X226 |
| MLS Area Major: | Wilmington |
| Adjusted Net Income: | 00 |
| Annual Rent For Real Estate: | 0 |
| Adj Net Inc Expense Source: | Actual |
| Adj Net Income Year: | 2024 |
| Agent Owned/Interest (Y/N): | No |
| Ann Rnt Expense Source: | Actual |
| Approx Land Sq Footage: | 17,000 |
| Business Age: | 11+ Years |
| Cost Of Goods Sold: | 0 |
| Cost Of Goods Expense Source: | Actual |
| Cost Of Goods Year: | 2024 |
| Corporate Limits: | Wilmington |
| Current Owner: | 11+ Years |
| Known Encumbrances: | First Mortgage |
| Gross Profit: | 90000 |
| Gross Profit Expense Source: | Actual |
| Gross Profit Year: | 2024 |
| Gross Sales Annual: | 90000 |
| Gr Sales Ann Expense Source: | Actual |
| Gross Sales Ann Year: | 2024 |
| Heat/Ventilation: | Forced Air, Gas |
| Inventory: | 00 |
| Information: | None |
| Inventory Year: | 2024 |
| Inventory Expense Source: | Actual |
| Living Quarters: | None |
| Location: | Central Business District |
| List Price Per Sf: | 47 |
| Lot Size: | .50-.99 Acre |
| Market Code: | Active |
| Misc Inside: | Elevator/s Freight, Public Restroom/s, Storage Inside, Laundry Room |
| Net Profit: | 60000 |
| Net Profit Source: | Actual |
| Operating Expense Includes: | Insurance, Water/Sewer, Gas |
| Ownership Type: | Sole Proprietor |
| Outdoor Parking: | 13-18 Spaces |
| Gross Payroll: | 0 |
| Property Offered: | For Sale Only |
| Gross Payroll Expense Source: | Actual |
| Gross Payroll Year: | 2024 |
| Sale Price Includes: | Land, Building, Business, Equipment |
| Sales Taxes Expense Source: | Actual |
| Sales Taxes: | 00 |
| Sales Taxes Year: | 2024 |
| Total Op Expense Source: | Actual |
| Total Op Exp Year: | 2024 |
| Tax Expense Source: | Actual |
| Type Of Lease: | Other (See Remarks) |
| Update Date: | 2026-07-31T13:12:28 |
| Unit Square Footage: | 17000 |
| Number Of Full Time Employees: | 0 |
| Number Of Part Time Employees: | 0 |
| Operating Expense: | $30,000 |
| Original List Price: | $1,000,000 |
| Parcel Number: | 0317253290120000 |
| Possession: | Closing |
| State Or Province: | IL |
| Stories: | 2 |
| Tax Year: | 2024 |
| Zoning: | COMMR |
| Actual Status: | Active |
| Confidentiality Or Non Disclosure Agreement Required? (Y/N): | No |
| Real Estate Included? (Y/N): | Yes |
Listing Courtesy of: Village Realty, Inc.
Listing Agent: Kelli Lawler
815-922-0651
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Midwest Real Estate Data LLC data last updated on October 08, 2026 05:26 PM - CT
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Property Last Updated: October 08, 2026 05:26 PM - CT
