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    140 Washington Sq Washington, IL 61571

    New
    For Sale
    $5,250,000

    Mixed Use - Washington, IL

    Type:Mixed Use
    Property size:
    10,510 SF
    Days on Market:
    1
    Last Refresh:
    Dec 4 at 11:06 pm

    Property Features for 140 Washington Sq

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    APN
    020224108016
    Size
    10,510 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1917
    Number of units
    5
    Architectural style
    Other

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

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

    Listing date Dec 4, 2025

    MLS# 12522519 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

    Mixed-Use Investment Opportunity in Illinois

    Located in downtown Washington, Illinois, the Tangled Roots Beverage Company building is undergoing a multimillion-dollar renovation. The property features a first-floor restaurant designed with upscale finishes. The second floor includes a brew pub and a rooftop bar. The building also houses four renovated Airbnb residential units. A long-term lease agreement with Tangled Roots, beginning April 20, 2025, includes a five-year option for renewal. The property is located in a bustling square and is intended to be a multifaceted hub designed for growth and profitability. The property size is 10510 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    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
    -89.4059803
    Latitude
    40.7031395

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    FAQs

    What type of property is this?
    Restaurant - Multifaceted hub with restaurant, brew pub, rooftop bar, and Airbnb units.
    Where is this restaurant located?
    The property is located at 140 Washington Sq Washington, IL.
    What is the asking price?
    The asking price for this property is $5,250,000.
    What are key features of this property?
    This property features: - Eight-year lease agreement with Tangled Roots (starting April 20, 2025) with a five-year renewal option, ensuring long-term income stability.; - Multimillion-dollar renovation completed, offering modern design and functionality.; - First-floor restaurant designed with upscale finishes and inviting ambiance to attract a diverse clientele.
    (630) 551-8005
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    Washington, IL 61571
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    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
    140 Washington Sq Washington, IL 61571
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