Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    120 Walnut St Washington, IL 61571

    New
    For Sale
    $209,900

    Retail - Washington, IL

    Type:Retail
    Property size:
    3,750 SF
    Days on Market:
    2
    Last Refresh:
    Dec 9 at 12:06 am

    Property Features for 120 Walnut St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    020224108019
    Size
    3,750 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1917
    Architectural style
    Other

    Brummel Properties, Inc. (630) 551-8005 [email protected]

    Listing agent John Dunholter (630) 551-8005 License #471000199

    Listing date Dec 8, 2025

    MLS# 12528979 Listing URL

    Copyright © 2025 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.

    Overview

    Washington Retail Opportunity Near Restaurant

    This two-story property, formerly the Knights of Columbus building, presents a retail opportunity in Washington, IL. The 3,750 square foot building includes a basement. The interior has been demolished down to the studs, with framing completed for two studio apartments on the second floor. Partial roof replacement, new structural steel, and timber have been installed for the main portion of the roof. A sprinkler head has been brought in to enable a service tie-in. The property is located immediately adjacent to the Tangled Roots restaurant. The seller's plan was to upgrade the building for use as an event center on the first floor and two luxury studio Airbnb apartments on the second floor. The original plan was to use this property, in conjunction with 126 Walnut Street, as an event center, with 126 Walnut providing a catering kitchen and outdoor event space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.40572
    Latitude
    40.703274

    Nearby Similar for Sale

    • New
      $5,250,000
      10,510 SF

      Mixed-Use Investment Opportunity in Illinois

      Multifaceted hub with restaurant, brew pub, rooftop bar, and Airbnb units.
      140 Washington Sq, Washington, IL 61571
      View Details
    • New
      $189,000
      1,184 SF

      Retail Building in Washington, IL

      One-story retail building on a 5,000 SF lot.
      126 Walnut St, Washington, IL 61571
      View Details
    • New
      $179,900
      1,440 SF

      Washington IL Duplex Investment Property

      Ranch-style duplex in prime location with leases through 2026.
      106 Ernest St, Washington, IL 61571
      View Details
    • $260,000
      12,096 SF

      Retail/Warehouse Building in Washington Corridor

      Two-story retail/warehouse with additional A-Frame warehouse and ample parking.
      2449 Washington Rd, Washington, IL 61571
      View Details
    • $234,900
      1,818 SF

      Multifamily Income Property For Sale

      Multifamily income property featuring updated bathrooms and new roof.
      1920 Country Fair Dr #A, Washington, IL 61571
      View Details
    • $475,000
      7.53 Acres

      Prime Washington Road Commercial Land

      7.5 Acres, C-2 Zoning, High Visibility
      2098 Washington Rd, Washington, IL 61571
      View Details

    FAQs

    What type of property is this?
    Storefront property - Two-story retail property near Tangled Roots restaurant in Washington, IL.
    Where is this storefront property located?
    The property is located at 120 Walnut St Washington, IL.
    What is the asking price?
    The asking price for this property is $209,900.
    What are key features of this property?
    This property features: - Opportunity to create a unique Event Center and luxury Airbnb apartments.; - Structural upgrades completed: partial new roof, new structural steel and timber.; - Interior demolition complete, ready for customization.
    (630) 551-8005
    Request Owner's contact information
    120 Walnut St Washington, IL 61571
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    120 Walnut St
    Washington, IL 61571
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 Walnut St Washington, IL 61571
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.