Search
Mixed-Use Building with Rooftop Bar
For Sale
$4,900,000

140 Washington Square, Washington, IL 61571

Commercial Sale, Washington, IL

Property SizeContact for details
Lot Size0.11 Acres
Days on Market289

Property Features for 140 Washington Square

General Information

Property type Commercial Sale
Property subtype Other
Directions At the corner of Washingtonm Square and Walnut Street.
Subdivision Washington
Standard status Active
APN 020224108016
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 7865

Utilities

Cooling system Central Air

Amenities

rooftop bar

Building Details

Year built 1917
Floors in Building 2
Number of units 5
Building materials Brick
Listing Agency: Brummel Properties, Inc.
Listed By: John Dunholter · License #471000199
Added: Nov 25, 2025 Changed: Aug 19 Last Checked: Sep 10 at 12:06AM
MLS# 12522519

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.

Located at 140 Washington Square in Washington, Illinois, this 1917 brick mixed-use building is undergoing extensive renovation and includes central air. The property combines multiple commercial and residential components within a compact 0.1109-acre site. A first-floor restaurant is paired with a second-floor brew pub and rooftop bar, while four Airbnb residential units occupy additional space in the building.

The property sits on the downtown town square, surrounded by other businesses. Tangled Roots Beverage Company is associated with an eight-year lease beginning April 20, 2025, along with a five-year renewal option. The combination of restaurant, beverage-service, rooftop, and short-term residential components creates a varied operating profile within a single historic structure.

Key Highlights

  • Mixed‑use building at 140 Washington Square, Washington, IL 61571
  • 0.1109‑acre site with a 1917 construction date
  • First‑floor restaurant, second‑floor brew pub, and rooftop bar

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Auto Repair Shop Dental Office Auto Parts Store HVAC Service Bakery Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

325
Businesses Nearby

Demographics for 61571, IL

24,766
Population
10,273
Households
2.4
Avg Household Size
40
Median Age
38%
College-Educated
98%
High-School Grad
53.5 sq mi
ZIP Area
463
Density / Sq Mi
$87,852
Median Household Income
$48,329
Median Earnings
$996
Median Rent
$200,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Mixed-use property - Brick downtown property combines restaurant, brew pub, rooftop bar, and four short-term rental units.
Where is this mixed-use property located?
The property is located at 140 Washington Square Washington, IL.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Mixed‑use building at 140 Washington Square, Washington, IL 61571; 0.1109‑acre site with a 1917 construction date; First‑floor restaurant, second‑floor brew pub, and rooftop bar
More about this property
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