508 N Kankakee Street — Wilmington, IL 60481
Active
▼ $101,000
Wilmington, IL 60481

508 N Kankakee Street

$899,000
0 beds · 0 baths
$101,000 below original 236 days on market $3,468/yr taxes
01About this home

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.

02Inside the home
03By the numbers
$899,000
List price
Square feet
Bedrooms
Bathrooms
Year built
Lot size
Garage spaces
$3,468
Annual taxes
Bus / Bus w/Real Est
Style
236
Days on market
04Features
Cooling
Central Air
05Neighborhood
  • Pizza Hut 0.2 mi
  • Willmington Pizzeria 0.2 mi
  • Route 66 Bar & Grill 0.3 mi
  • City Pizza & Sub 0.3 mi
  • Hayden's Pub and Grill 0.3 mi
  • The Rustic Inn 0.3 mi
  • Mobil Mart 0.3 mi
  • Shell 0.4 mi
  • Berkot's Super Foods 0.8 mi
  • Circle K 0.9 mi
  • Claire's Corner 0.3 mi
  • Veteran's Memorial Park 0.3 mi
  • South Island Park 0.3 mi
  • North Island Park 0.4 mi
  • Riley's Garden 0.9 mi
  • Children's Memorial Park 0.9 mi
  • Mimi's Cafe 0.3 mi
POI data via Mapbox · OpenStreetMap contributors
06History

Every event we have for this address, straight from the MLS.

Jan 19, 2026
Price reducedThis listing
Village Realty, Inc.
$899,000
−$101,000
Sep 2, 2025
Listed for saleThis listing
Village Realty, Inc.
$1,000,000
Sourced from MRED. Older events appear here as our history backfill completes.
07Ask Dwello

Real answers about this home — pricing, schools, what to ask, anything.

08See it for yourself

Stand in the kitchen.
See the light at 4pm.

Photos can only do so much. Pick a time — we'll meet you at the door.

Connect with Ewelina, Anna, or Nadeem — real people on our team, no call centers.
09Similar homes
Listed by Village Realty, Inc. · Kelli Brach · 815-922-0651
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12458780
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