106 W Washington Street
Philo, IL, 61864 $ 400,000
Bedrooms-- Baths-- for $400,000. This property was built in 1909 on a lot size of 0.062741.
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.
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FeaturesGeneralSewer Septic Tank
Cooling Central Air
Possession Closing Tenant's Rights
Construction Materials Brick
Year Built 1909
Electric Other
Tenant Pays Air Conditioning Electricity Heat All Utilities
Stories Count 2
Township Philo
Property Subtype Mixed Use
Tax Year 2024
Gross Income 4500
County Champaign
Operating Expense 10241
Insurance Expense 5645
Property Type Commercial Sale Mixed Use
Energy Efficient Water Heater
Status New
Directions Located on Washington Street in downtown Philo.
City Philo
Number Of Units Total 1
MLS Area Southern Champaign County / Douglas County
Lot Size Square Feet 2733
Tax Annual Amount 2324
Electric Expense 4200
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 396
Additional Parcels Y/N N
Virtual Tour https://media.illini360.com/110-Washington-St/idx
Lease Type N/A
Standard Status Active
Total Actual Rent 4500
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InteriorFlooring Vinyl
Total Fireplaces 0
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ExteriorLot Dimensions 40x80x40x82.3
Frontage Type City Street
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* Excluded FeaturesList ByRe/Max Realty Associates-ChaBroker
jill@thejillhessteam.comEmail
NearbyAbout Philo, IL 1,354 Population
9% Since 2002
$ 84,626 Median Income
39.91 Median Age
39% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/28/2026 | $400,000 | | Listed Price |