140 Washington Sq - Retail FOR SALE


Washington, IL 61571
$5,250,000 USD
630-347-3207
140 Washington Sq, Washington, IL for Sale
$5,250,000 USD
Retail - FOR SALE
1/43
null | Request Cap Rate

140 Washington Sq
Washington, IL 61571


HIGHLIGHTS

  • Prime investment property in downtown Washington, Illinois, featuring a multimillion-dollar renovation that blends modern design with historic charm.
  • Long-term stability with an eight-year triple net lease to Tangled Roots Beverage Company starting April 20, 2025, plus a five-year renewal option.
  • First-floor upscale restaurant designed for high customer appeal and operational efficiency in a competitive dining market.
  • Second-floor brew pub and rooftop bar offering panoramic views and a vibrant social atmosphere to drive strong patron engagement.
  • Four fully renovated Airbnb units providing premium short-term accommodations and additional revenue streams in a high-demand area.
  • Located in a bustling town square surrounded by thriving businesses, ensuring consistent foot traffic and long-term growth potential.

OVERVIEW

**Investment Opportunity: Tangled Roots Beverage Company Triple Net Leased Building - 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.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$500 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tangled Roots Craft Beer & Kitchen - Tenant

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

-

APN/PARCEL ID

02-02-24-108-016

ASK ABOUT THIS PROPERTY

Laura TomsaBrummel PropertiesMore Info
630-347-3207

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Laura TomsaBrummel PropertiesMore Info
630-347-3207

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.