140 Washington Square,Washington, IL 61571
Washington, IL 61571
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.
Details
| MLS # | 12522519 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1917 |
| Days On Site | 299 |
| Listing Provided By | Brummel Properties, Inc. | John Dunholter |
Features
| SQ Feet | 10,510 |
|---|---|
| Story(s) | 2 |
| Units | 5 |
Interior
| Cooling | Central Air |
|---|
Exterior
| Construction Materials | Brick |
|---|
Utilities
| Electric | Service - 201 to 600 Amps |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 7865 |
Area Information
| State | IL |
|---|---|
| County | Tazewell |
| City | Washington |
| Zip Code | 61571 |
| Area | Washington |
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Learn More About This Property
| State | IL |
|---|---|
| County | Tazewell |
| City | Washington |
| Zip Code | 61571 |
| Area | Washington |