$4,900,000 3,659 SF

140 Washington Sq, Washington, IL 61571
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Built in 1917, 140 Washington Square is a mixed-use building in downtown Washington, Illinois, located within the town square among surrounding businesses. The first floor is configured for food and beverage use as a restaurant, and the second floor contains a brew pub with an associated rooftop bar. The property also includes four renovated Airbnb/short-term rental units that provide residential accommodation within the same building. Tangled Roots Beverage Company has historically operated portions of the property under a lease structure (with renewal options).

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?

Assessed value · 2023$117k

Assessed land$11k

Assessed improvement$105k

Value estimate

· Oct 2026

$545k

$491k – $600k

NOI build-up

Gross scheduled income$158k

Vacancy & credit loss−$11k

Operating expenses−$37k

NOI · 2.24% cap applied$110k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$71/SF

County average, outlier-cleaned · 50 recorded sales of this use type

Observed band · Q1–Q3$37 – $128

Cap rate analysis

How does the asset earn?

2.24%

$110k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionTAZEWELL

Location intelligence

Which uses thrive at this corner?

Best fit: Auto Repair Shop

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Auto Repair Shop10.3

Dental Office10.0

Auto Parts Store9.9

140 Washington Sq Washington, IL 61571

County assessor Recorded deeds · 10 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby

Address Sale price Sold Size

1405 Washington, Washington, IL 61571-2371 $330,000 Mar 2025 4,240 SF

104 Main, Washington, IL 61571-2550 $210,000 Mar 2025 2,952 SF

2309 Washington, Washington, IL 61571-1860 $600,000 May 2024 4,761 SF

111 Peddlers, Washington, IL 61571-2666 $200,000 Sep 2023 2,544 SF

105 High, Washington, IL 61571-2653 $165,000 Sep 2023 2,640 SF

2441 Washington, Washington, IL 61571-1768 $162,500 Feb 2023 5,000 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$370,000

3,501 SF

1996 Freedom Pkwy

FINANCIAL BUILDING

1996 Freedom Pkwy, Washington, IL 61571-9468

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Value Estimation
$100,000

4,228 SF

201 Smt Dr

RESTAURANT

201 Smt Dr, Washington, IL 61571-3264

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Value Estimation
$510,000

4,914 SF

1010 Eastgate Dr, Unit 101

RETAIL STORES (PERSONAL SERVICES)

1010 Eastgate Dr, Washington, IL 61571

View Details
Value Estimation
$440,000

5,000 SF

1881 Constitution St

RETAIL STORES (PERSONAL SERVICES)

1881 Constitution St, Washington, IL 61571-3428

View Details
Value Estimation
$315,000

2,640 SF

1110 Peoria St

FINANCIAL BUILDING

1110 Peoria St, Washington, IL 61571-2351

View Details
Value Estimation
$140,000

2,045 SF

2305 Washington Rd

RESTAURANT

2305 Washington Rd, Washington, IL 61571-1859

View Details

Similar Nearby for Sale

$850,000

1.50 Acres

Retail Space for Sale

Retail space offered for sale with commercial zoning at 1300 Washington Street in Washington, Illinois.

1300 WASHINGTON Street, Washington, IL 61571

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$209,900

0.12 Acres

Two-Story Mixed-Use Building

Partially demolished building with framed second-floor studios and redevelopment plans for an event-oriented commercial use.

120 Walnut Street, Washington, IL 61571

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$189,000

0.12 Acres

Storefront Property with Outdoor Area

One-story storefront with open land area and central air, offered in its current condition for buyer-directed improvements.

126 Walnut Street, Washington, IL 61571

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Similar Nearby for Lease

$14,400/Mo

800 sqft

Office/Retail Suite with Parking

Brand-new development offers an 800 SF office/retail suite with ample parking, handicap accessibility, and available signage.

1421 Washington Road, Washington, IL 61571

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Contact for pricing
1,126 sqft

Anchored Retail Shopping Center

100,000 SF shopping center with spaces from 875 to 5,698 SF and fiber optics in place.

1 Washington Plz, Washington, IL 61571

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New

$7.50 SF/Yr

Shopping Center with Fiber-Optics

Leasing within a Washington, IL shopping center with fiber optics and multiple available suites.

2273 Washington Rd, Washington, IL 61571

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New

$8 SF/Yr

Shopping Center Retail Suites

Two divisible retail suites with storefront access for straightforward customer-facing operations.

8 - 64 Cherry Tree Shopping Center, Washington, IL 61571

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140 Washington Sq Washington, IL 61571

Property summary