# 508 N Kankakee Street, Wilmington, IL 60481 > **TL;DR:** commercial, $799,000. > A/C. Est. $4,273/mo. Listed 428 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $799,000 | | Lot Size | 37,026 sqft (0.85 acres) | | Stories | 2 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 428 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $4,040 | | Estimated Insurance | $233 | | **Total** | **$4,273** | ## 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 Lawler - **Brokerage:** Village Realty - **Broker Phone:** (708) 478-1212 ## Photos ![508 N Kankakee Street - Photo 1](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f2255380015r.jpg) ![508 N Kankakee Street - Photo 2](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f3064214950r.jpg) ![508 N Kankakee Street - Photo 3](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f1987525360r.jpg) ![508 N Kankakee Street - Photo 4](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f1218158661r.jpg) ![508 N Kankakee Street - Photo 5](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f1426296039r.jpg) ![508 N Kankakee Street - Photo 6](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f1554611171r.jpg) ![508 N Kankakee Street - Photo 7](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f400844503r.jpg) ![508 N Kankakee Street - Photo 8](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f437777165r.jpg) ![508 N Kankakee Street - Photo 9](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f3667194743r.jpg) ![508 N Kankakee Street - Photo 10](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f3109569543r.jpg) ![508 N Kankakee Street - Photo 11](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f2555417596r.jpg) ![508 N Kankakee Street - Photo 12](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f3339242745r.jpg) ![508 N Kankakee Street - Photo 13](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f51493873r.jpg) ![508 N Kankakee Street - Photo 14](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f453396838r.jpg) ![508 N Kankakee Street - Photo 15](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f2734809035r.jpg) ![508 N Kankakee Street - Photo 16](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f3930464264r.jpg) ![508 N Kankakee Street - Photo 17](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f3450283106r.jpg) ![508 N Kankakee Street - Photo 18](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f329244405r.jpg) ![508 N Kankakee Street - Photo 19](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f4166377501r.jpg) ![508 N Kankakee Street - Photo 20](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f1013785930r.jpg) ![508 N Kankakee Street - Photo 21](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f1747884149r.jpg) ![508 N Kankakee Street - Photo 22](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f3077357329r.jpg) ![508 N Kankakee Street - Photo 23](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f1964796089r.jpg) ![508 N Kankakee Street - Photo 24](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f2376976319r.jpg) ![508 N Kankakee Street - Photo 25](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f106081400r.jpg) ![508 N Kankakee Street - Photo 26](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f229672064r.jpg) ![508 N Kankakee Street - Photo 27](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f2659426016r.jpg) ![508 N Kankakee Street - Photo 28](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f1717594106r.jpg) ![508 N Kankakee Street - Photo 29](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f3103096371r.jpg) ![508 N Kankakee Street - Photo 30](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f845782750r.jpg) ![508 N Kankakee Street - Photo 31](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f2928441097r.jpg) ![508 N Kankakee Street - Photo 32](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f3548154711r.jpg) ![508 N Kankakee Street - Photo 33](http://lh.rdcpix.com/7209039fe7b220c182537eb810a7a345l-f1827410993r.jpg) --- **MLS#:** 12458780 | **Updated:** 2026-10-21 **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://staging.propertysimple.ai/listing/508-n-kankakee-street-wilmington-il-60481-81c08c2f41c84acd83d098785a407f90) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/508-n-kankakee-street-wilmington-il-60481-81c08c2f41c84acd83d098785a407f90#listing", "url": "https://staging.propertysimple.ai/listing/508-n-kankakee-street-wilmington-il-60481-81c08c2f41c84acd83d098785a407f90", "name": "508 N Kankakee Street, Wilmington, IL 60481", "description": "Seize the opportunity to own a profitable, established business in the heart of Wilmington! 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