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Two-Story Mixed-Use Building
For Sale
$209,900

120 Walnut Street, Washington, IL 61571

Commercial Sale, Washington, IL

Property SizeContact for details
Lot Size0.12 Acres
Days on Market256

Property Features for 120 Walnut Street

General Information

Property type Commercial Sale
Property subtype Retail
Directions South side of the Tangled Roots Brewing Company restaurant, which is located at the corner of Washington Square and Walnut Street.
Subdivision Washington
Standard status Active
APN 020224108019
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 5240

Utilities

Cooling system Central Air

Building Details

Year built 1917
Floors in Building 2
Listing Agency: Brummel Properties, Inc.
Listed By: Laura Tomsa · License #471000199
Added: Dec 7, 2025 Changed: Aug 19 Last Checked: Aug 20 at 12:06PM
MLS# 12528979

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 two-story mixed-use building includes a basement and approximately 0.1171 acres. Built in 1917, the property has been cleared internally to the studs. Framing is in place for two proposed studio apartments on the second floor, while the first floor was planned for event-center use. Central air is present.

Construction work includes a partial new roof, added structural steel and timber supporting the main roof area, and a sprinkler head brought into the building for a future service tie-in. The property is immediately adjacent to Tangled Roots restaurant and was also planned for coordinated event use with 126 Walnut Street, which is described as providing catering kitchen space and outdoor event area. The building is offered as-is.

Key Highlights

  • Two‑story building with basement on 0.1171 acres
  • Interior demolished to the studs
  • Framing completed for two proposed second‑floor studio apartments

Property Analytics

Current Use

Short term rental ...

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.

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Interior work includes second-floor framing for two studio apartments and extensive demolition to the structural framing.
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: Two‑story building with basement on 0.1171 acres; Interior demolished to the studs; Framing completed for two proposed second‑floor studio apartments
More about this property
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