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33150004
33150002

106 Washington Street, Philo, IL 61864

JH
IL 475.167225
$395,000
9 days on market
Updated 8 days ago

106 W Washington Street

Details
Property Type Retail, Mixed Use
Sub Type Storefront
Square Footage 1,560
Tenancy Vacant
Year Built 1900
Stories 2
Lot Size (SqFt) 3,280
Lease Commencement 05/30/2026
Ground Lease No

Turnkey Updated Retail and Residential Rental Space

Marketing description

Step into a rare opportunity to own a beautifully restored piece of downtown Philo history. Originally built in the early 1900's, the iconic Old Lowry building has been completely rehabbed and thoughtfully reimagined, blending timeless character with modern functionality. The main level currently operates as a stylish and welcoming salon, featuring a seamless combination of hair services, retail space, and a private med spa. Exposed brick walls add warmth and authenticity, while luxury vinyl plank flooring runs throughout for a clean, upscale finish. The layout is both practical and inviting, offering two separate guest bathrooms, a dedicated laundry area with washer, dryer, sink, and shelving, and a private treatment room ideal for med spa services. A separate section of the main floor provides its own distinct experience, complete with a reception desk, waiting area, comfortable sitting space, and a functional kitchen-perfect for client flow and business versatility. Parking is a standout feature, with ample street parking, convenient rear alley access, and a private parking spot located just outside the back door. Upstairs, a spacious three-bedroom apartment offers excellent additional income potential or owner-occupancy. The unit features new windows, generously sized rooms, and a large eat-in kitchen. Modern mechanical updates include a tankless water heater, separate furnace, and a stacked front-loading washer and dryer for added convenience. This turnkey property combines historic charm, modern upgrades, and multiple income streams-all in a prime downtown location.

Investment highlights

  • Downtown Philo, IL space. Previously used as a hair studio. Ready for it's next owner.
  • Upstairs is a rented three bedroom apartment for extra income. Gross rental income $4,500. Tenants on main level are vacating 6/1/26. Upstairs tenant plans to stay.

Listing Contacts

JH
IL 475.167225

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Additional Information

Name
Jill Hess
License
475.167225
Brokerage
RE/MAX Realty Associates
Brokerage Phone
2174178177
Title
Broker
Brokerage Address
2009 Fox Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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