Washington, IL Commercial
126 Walnut Street Washington, IL 61571
126 Walnut Street, Washington, IL, 61571
$189,000
For Sale
$189,000
COMMERCIAL - Washington, IL
Property Size1,184 SF
Lot Size0.12 Acres
Price / SF$159.63
Days on Market224
Property Features for 126 Walnut Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- COMMR
- Standard status
- Active
- APN
- 020224108020
- Size
- 1,184 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 4333
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1917
- Floors in Building
- 1
Listing Agency
Brummel Properties, Inc.
(630) 551-8005
58 Chicago Road, Oswego, IL
Listed by
John Dunholter · License #471000199
(630) 551-8005
Added: Dec 7, 2025 Checked: Jul 19 at 8:06 pm
MLS# 12529064
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.
Investment Insights
Based on property information with market context.
This one-story commercial building, encompassing 1,184 square feet, is situated on the front corner of a 5,000-square-foot lot. Located adjacent to the former Knights of Columbus building at 120 Walnut Street, the property's interior requires updating, and the HVAC system needs repair or replacement. The original concept plan envisioned using this property in conjunction with the adjacent property at 120 Walnut Street as an Event Center, with the large open land area utilized for outdoor special events. The property is being sold "AS IS".
Key Highlights
- Large 5,000 sf lot for outdoor use.
- Potential for use in conjunction with adjacent property (120 Walnut Street) as an Event Center.
- Located on a corner lot.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.8k | $15.00 |
| − Vacancy | −$1.8k | −$1.50 |
| EGI | $16.0k | $13.50 |
| − OpEx | −$4.8k | −$4.05 |
| NOI | $11.2k | $9.45 |
1,184 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$159.8K
$139.9K – $186.5K
NOI $11,189 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$463.3K
$405.4K – $540.5K
NOI $32,432 @ 7.0% cap · market cap 17.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - One-story building on a corner lot in Washington, IL.
Where is this retail space located?
The property is located at 126 Walnut Street Washington, IL.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Large 5,000 sf lot for outdoor use.; Potential for use in conjunction with adjacent property (120 Walnut Street) as an Event Center.; Located on a corner lot.
