Philo, IL 61864 106 W Washington Street

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Presented By: RE/MAX REALTY ASSOCIATES-CHA
  • MLS# 12603955
  • 03/28/2026
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Home Details

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.
Presented By: RE/MAX REALTY ASSOCIATES-CHA

Interior Features for 106 W Washington Street

Other Interior Features

FlooringVinyl
Total Fireplaces

General for 106 W Washington Street

Additional Parcels Y/NNo
CityPhilo
Construction MaterialsBrick
CoolingCentral Air
CountyChampaign
DirectionsLocated on Washington Street in downtown Philo.
ElectricOther
Electric Expense4200
Energy EfficientWater Heater
Fuel Expense
Gross Income4500
Insurance Expense5645
Lease TypeN/A
Lot Size Square Feet2733
MLS AreaSouthern Champaign County / Douglas County
Number Of Units Total1
Operating Expense10241
PossessionClosing, Tenant's Rights
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
SewerSeptic Tank
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount2324
Tax Year2024
Tenant PaysAir Conditioning, Electricity, Heat, All Utilities
Total Actual Rent4500
TownshipPhilo
Trash Expense0
Virtual TourClick here
Water Sewer Expense396
Year Built1909

Exterior for 106 W Washington Street

Frontage TypeCity Street
Lot Dimensions40x80x40x82.3

Additional Details

Price History

Client Care

Price $395,000
MLS#12603955
List Date 03/28/2026
Property Type Commercial
Phone 847.485.2500
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