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140 Washington Square, Washington, IL 61571

$4,900,000
  • 140 Washington Square, Washington, IL 61571 Main Photo

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Active
SQUARE FEET10,510 MLS#12522519
STATUSActive PROPERTY TYPECommercial - Business

Property 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.

140 Washington Square | MLS# 12522519

This commercial property located at 140 Washington Square, Washington, IL 61571 is currently listed for sale with an asking price of $4,900,000. Search Washington real estate on www.ikeyrealty.com today.

Property Features

Property Type: Commercial - Business
Cooling: Central Air
Lot Size: 0.11 Acres
Stories: 2.0
Taxes: $7,865
Year Built: 1917

Feature Descriptions

Current Use: Commercial
Electric: Service - 201 to 600 Amps
Exterior: Brick
Fire Protection: Sprinklers-Wet
Frontage Type: City Street
HVAC: Forced Air, Gas
Lot Dimensions: 80' x 49' x 80' x 49' + 20' x 53' x 20' x 53'
Number of Tenant(s): 5
Parcel#: 020224108016
Units: 5

Listed By / Shown By

Listed By

Agency Name: Brummel Properties, Inc.
Agency Phone: 630-551-8005

Shown By

Agency Title: Key Realty
Agency Phone: 877-539-7589

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