Two-Story Mixed-Use
For Sale
$209,900
120 Walnut Street, Washington, IL 61571
Interior demolition and partial rebuilding create a substantial repositioning project with a basement and two framed studio layouts.
Property Size3,750 SF
Days on Market246
Property Features for 120 Walnut Street
General Information
Standard status
Active
Size
3,750 SF
Elevators
No
Property subtype
Commercial
Units
Unit Mix
2 x studio
Multifamily Units
2
Additional Details
Furnished
No
Opportunity Zone
No
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$5,240
Building Details
Building Size
3,750 SF
Year Built
1917
Buildings
1
Stories
2
Listing Agency:
Brummel Properties, Inc.
(630) 551-8005
Listed By:
John Dunholter · License #471000199
(630) 551-8005
Source:
Ozmentrealestate
Added: Dec 7, 2025
Changed: Aug 9
Last Checked: Aug 9 at 12:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brummel Properties, Inc.
Investment Insights
Based on property information with market context.
The 1917 mixed-use building includes two stories and a basement. Interior finishes have been removed to the studs, while framing is in place for two studio apartments on the second floor. A partial roof replacement is underway, with new structural steel and timber added to the primary roof area. A sprinkler head has also been extended for a future service connection.
The seller’s proposed redevelopment concept called for an event center on the first floor and two studio short-term rental units above. The property is directly adjacent to Tangled Roots restaurant and was previously envisioned as part of an event-center operation with 126 Walnut Street, which includes a catering kitchen and outdoor land area. The property is offered as-is.
The seller’s proposed redevelopment concept called for an event center on the first floor and two studio short-term rental units above. The property is directly adjacent to Tangled Roots restaurant and was previously envisioned as part of an event-center operation with 126 Walnut Street, which includes a catering kitchen and outdoor land area. The property is offered as-is.
Key Highlights
- 1917 mixed‑use building with two stories and a basement
- Interior has been demolished to the studs
- Second‑floor framing is in place for two studio apartments
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Interior demolition and partial rebuilding create a substantial repositioning project with a basement and two framed studio layouts.
Where is this mixed-use property located?
The property is located at 120 Walnut Street 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: 1917 mixed‑use building with two stories and a basement; Interior has been demolished to the studs; Second‑floor framing is in place for two studio apartments
