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140 Washington Square, Washington, IL 61571

Tazewell County

Key Facts

10,510Sq Ft
1917Year Built
2Stories

Description

**Investment Opportunity: Tangled Roots Beverage Company - Washington, Illinois** Presenting a premier investment opportunity in the heart of downtown Washington, Illinois: the Tangled Roots Beverage Company building. This stunning property, undergoing a multimillion-dollar renovation, stands as a testament to modern design while contributing to the vibrant character of the town square. At the forefront of this investment is the first-floor restaurant, designed to attract a diverse clientele with its upscale finishes and inviting ambiance. The extensive renovations promise not only aesthetic appeal but also functionality, ensuring that the restaurant thrives in a competitive market. The second floor hosts a lively brew pub complemented by a rooftop bar that offers breathtaking views and a unique social atmosphere. These spaces are designed to maximize foot traffic and patron engagement, providing a robust revenue stream for years to come. One of the standout features of this property is the eight-year lease agreement with Tangled Roots, beginning April 20, 2025, which includes a five-year option for renewal. This long-term commitment provides stability and peace of mind for any investor, ensuring a steady income source while reducing tenant turnover risks. Additionally, the building houses four luxurious Airbnb residential units, each meticulously renovated to provide guests with upscale accommodations in a prime location. With high demand for short-term rentals in the area, these units promise consistent occupancy and profitability. Surrounded by a variety of businesses in a bustling square, this investment property is not just a restaurant; it is a multifaceted hub designed for growth and profitability. With Tangled Roots Beverage Company as your tenant, this investment assures sound returns in a thriving community. Explore the potential of this remarkable piece of architecture-an investment that embodies both aesthetic appeal and lucrative opportunities in Washington, Illinois.

Property Information

Property Type

Commercial Sale

Sub-Type

Mixed Use

Year Built

1917

Stories

2

Living Area

10,510 sq ft

Lot Size

4,832 sq ft

Lot Dimensions

80' x 49' x 80' x 49' + 20' x 53' x 20' x 53'

Days on Market

191

MLS® Listing#

12522519

Property Features

Cooling

Central Air

Construction

Brick

Financial Details

Annual Taxes

$7,865

Tax year 2024

Parcel Number

020224108016

Directions

At the corner of Washingtonm Square and Walnut Street.

Affordability Calculator

$980,000

Estimated monthly payment

$26,080/mo

Principal $3,920,000 · Est. interest $5,468,749 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Washington, IL

$375,000
Median Listing Price
62
Median Days on Market
1,996
Median Sq Ft
$147
Median Price / Sq Ft
27
Active Listings
  • This home’s price is 1207% above the area median.
  • Its price per sq ft is 217% above the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Washington, IL.

Location

Map showing the location of 140 Washington Square, Washington, IL 61571

Points of Interest in Washington, IL

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Nearby Schools

  • Norwood Primary School

    Elementary · 0.2 mi away

  • Central Junior High School

    Secondary · 0.4 mi away

  • East Peoria Elementary School

    Elementary · 0.4 mi away

  • Lincoln School

    Elementary · 0.8 mi away

  • East Peoria Community High School

    Secondary · 1.1 mi away

  • Glendale School

    Elementary · 1.5 mi away

  • Lasalle Elementary School

    Elementary · 1.5 mi away

  • La Salle School

    School · 1.5 mi away

  • Parkview Middle School

    Secondary · 1.7 mi away

  • Kiefer School

    School · 2.2 mi away

  • Bolin School

    Elementary · 2.2 mi away

  • Blaine-Sumner Middle School

    School · 2.4 mi away

  • Valeska Hinton Early CH Ed Ctr

    School · 2.4 mi away

  • Methodist College

    School · 2.5 mi away

  • Irving Primary School

    Elementary · 2.5 mi away

  • Christ Lutheran School

    School · 2.5 mi away

  • Woodrow Wilson School

    Elementary · 2.6 mi away

  • Richwoods High School

    Secondary · 2.6 mi away

  • Roosevelt Magnet School

    School · 2.7 mi away

  • St Mark School

    School · 2.8 mi away

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EXIT Agents in Washington

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Listing Courtesy: Brummel Properties, Inc. - 6305518005

Based on information submitted to the MLS GRID as of 2025-11-25. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: 2025-11-25

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by Mainstreet Organization of Realtors. MLS® Listing#12522519. © 2026EXIT Realty®. All rights reserved.