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

140 Washington Square, Washington, IL 61571

Restaurant, brew pub, rooftop bar, and residential accommodations occupy a renovated downtown property.

Property Size10,510 SF
Days on Market257

Property Features for 140 Washington Square

General Information

Standard status Active
Size 10,510 SF
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $7,865

Building Details

Building Size 10,510 SF
Year Built 1917
Buildings 1
Stories 2
Units 5
Listing Agency: Brummel Properties, Inc.
Listed By: John Dunholter · License #471000199
Source: Perillorealestategroup
Added: Nov 25, 2025 Changed: Aug 9 Last Checked: Aug 9 at 5:59AM

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.

Built in 1917, this mixed-use building at 140 Washington Square combines food and beverage operations with residential accommodations. The first floor is configured for a restaurant, while the second floor contains a brew pub and rooftop bar. Four renovated Airbnb units add a residential component to the property’s commercial uses.

The building is located in downtown Washington, Illinois, within the town square and among surrounding businesses. Tangled Roots Beverage Company occupies the property under an 8-year lease that began April 20, 2025, with a 5-year renewal option. The combination of restaurant, brew pub, rooftop bar, and short-term rental space creates a varied mixed-use configuration within one building.

Key Highlights

  • First‑floor restaurant, second‑floor brew pub, and rooftop bar
  • Four renovated Airbnb residential units
  • 8‑year lease began April 20, 2025

Property 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.

Location Intelligence

Trade Area within ½ mile

341
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 - Restaurant, brew pub, rooftop bar, and residential accommodations occupy a renovated downtown property.
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: First‑floor restaurant, second‑floor brew pub, and rooftop bar; Four renovated Airbnb residential units; 8‑year lease began April 20, 2025
More about this property
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