
140 Washington Square, Washington, IL 61571
Tazewell County
Key Facts
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
Construction
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
Points of Interest in Washington, IL
Showing the Washington area map.
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
Listing Courtesy: Brummel Properties, Inc. - 6305518005
Last Updated: 2025-11-25











