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    108 E Main St Elmwood, IL 61529

    Sponsored
    For Sale
    $109,900

    COMMERCIAL - Elmwood, IL

    Days on Market:
    17
    Last Refresh:
    Jan 8 at 1:06 am

    Property Features for 108 E Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    11-08-301-021

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Flooring type
    Carpet
    Building materials
    Brick
    Roof type
    Membrane

    Jim Maloof Realtor (309) 692-3900 [email protected]

    Listing agent Eileen A Huber

    Listing date Dec 23, 2025

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Building in TIF District

    This brick building, located in the TIF district, presents a business opportunity. The property features shelving, countertops, and a lab area, all new as of 2010 and reported to be in excellent condition. The owners have maintained the property, with six new upper-level windows scheduled for installation. Energy-efficient inside lighting, valued at $5400, and a new vapor light outside have been installed. A Generac generator is included, capable of powering the entire building. The property includes large front display windows, shelving throughout from its previous use as a pharmacy, a full bathroom, and a kitchenette area. It also has a walkout lower level and a large, open upper level overlooking Central Park. The upper level does not have heat or air conditioning. The property is located on Elmwood's Town Square.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Pharmacy Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elmwood
    County
    Peoria
    State
    Illinois
    Longitude
    -89.965645
    Latitude
    40.777779

    FAQs

    What type of property is this?
    Storefront property - Remarkable brick building in Elmwood's Town Square, a fantastic opportunity.
    Where is this storefront property located?
    The property is located at 108 E Main St Elmwood, IL.
    What is the asking price?
    The asking price for this property is $109,900.
    What are key features of this property?
    This property features: - Prime location on Elmwood's Town Square in a TIF district.; - Includes a Generac generator that powers the entire building.; - Well-maintained brick building with recent upgrades including new windows and energy-efficient lighting.
    (309) 692-3900
    Request Owner's contact information
    108 E Main St Elmwood, IL 61529
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    Elmwood, IL 61529
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    108 E Main St Elmwood, IL 61529
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