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Listing provided courtesy of Brummel Properties, Inc.MREDas Distributed by MLSGrid- MLS# 12528979MLS Provider

120 Walnut StreetWashington, IL 61571

Commercial · 3,750 Sq. ft.
$209,900 Active

120 Walnut Street Overview

Time on Site:
205 days
Visits:
0

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. See the other listing at MLS#12529064. These are both being sold AS IS.

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120 Walnut Street Facts & Features

  • Type Commercial
  • Sq. ft. 3,750
  • Price/Sq.ft. $56

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Net Operating Income: 0

Building Information

  • Year Built: 1917

Location/Region

  • County Or Parish: Tazewell
  • MLS Area Major: Washington
  • Township: Washington

Tax Information

  • Tax Annual Amount: $5,240.00
  • Tax Year: 2024

General Information

  • Parcel Number: 020224108019
  • Property Sub Type: Retail
  • Property Type: Commercial Sale

Interior

Building Interior

  • Building Area Total: 3750

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers, Service - 101 to 200 Amps
  • Leasable Area: 3750
  • Stories: 2

Unit Information

  • Unit SqFt.: 3750

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 101' x 51' x 101' x 50'
  • Lot Size Square Feet: 5100

120 Walnut Street Neighborhood

Community

61571 (Washington) Demographics

40
Median Age
437
Population Density (per sq. mile)
48%
College Educated
$77,811
Estimated Median Income
7,448
Estimated Total Home Owners
2,073
Estimated Total Renters
78% / 22%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

120 Walnut Street Monthly Cost

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$ %
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$
Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

120 Walnut Street Market Data

Based on the last 30 days in this zip code

$338,947
Average List Price
$144
Average Price per Square Foot
0
Properties Sold
44
Average Days on Market
75
Properties for Sale
Calculations provided by Reliance Network

120 Walnut Street History

Date Event Value Agent
5/23/2026Source: MRED Status Change
Active
5/18/2026Source: MRED Status Change
Re-activated
1/31/2026Source: MRED Status Change
Contingent
12/12/2025Source: MRED Status Change
Active
12/7/2025Source: MRED Added to Database
December 07, 2025