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120 Walnut Stree Washington 120 Walnut St 3,750 SF 100% Leased Retail Building Washington, IL 61571 $209,900 ($55.97/SF)
Executive Summary
This property was formerly the Knights of Columbus building. It has two stories and a basement. The Seller's plan was to give this building a substantial upgrade for use as an Event Center on the first floor and two luxury studio Airbnb apartments on the second floor. The complete interior has been demolished down to the studs. There has been framing of the two studio apartments on the second floor. There is a partial new roof and new structural steel and timber have been installed for the main portion of the roof. A sprinkler head has been brought in to enable a service tie-in. This property benefits from being immediately adjacent to the popular Tangled Roots restaurant. The original plan was to use this property, in conjunction with 126 Walnut Stree, as an Event Center. 126 Walnut would be the catering kitchen and also has a large vacant land area to be used for special outdoor events. "AS IS" sale.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
3,750 SF
Building Class
C
Year Built
1917
Price
$209,900
Price Per SF
$55.97
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.78
Lot Size
0.11 AC
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-02-24-108-019 | Improvements Assessment | $50,870 |
| Land Assessment | $12,310 | Total Assessment | $63,180 |
Property Taxes
Parcel Number
02-02-24-108-019
Land Assessment
$12,310
Improvements Assessment
$50,870
Total Assessment
$63,180
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120 Walnut Stree Washington | 120 Walnut St
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