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    108 Main St Reynolds, IL 61279

    Sponsored
    For Sale
    $249,000

    Prime Commercial Space, Restaurant & Shop

    Property size:
    4,401 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional commercial property at 108 E Main Street, Reynolds, IL, presents a unique investment opportunity. The 4,401 square foot building sits on a 0.48-acre lot and offers a versatile layout ideal for multiple uses. The main structure includes a thriving 2,423 square foot bar and restaurant, complete with all fixtures, furniture, and equipment (FF&E). Recent upgrades to the bar and restaurant area include a new water heater, remodeled restrooms, and updated kitchen equipment. This equipment encompasses a 10-foot hood, walk-in cooler, two refrigerators, a six-burner stove, a flat-top grill, two stainless steel prep stations, and four fryers. A spacious patio area to the east provides additional seating capacity. A significant 1,978 square foot addition serves as a shop/warehouse, featuring a 10x12 overhead door, three-phase power, and is heated (but not cooled). This addition offers ample space for storage or various commercial activities. The shop also includes an additional restroom for convenience. The property's prime location on Main Street in Reynolds, IL, ensures high visibility and accessibility. This turnkey operation presents a rare chance to acquire a well-established business with significant expansion potential. The asking price is $249,000.

    Property Features for 108 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,401 SF
    Lot Size
    20,909 SF

    Building Details

    Year Built
    1980
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Auto Repair Shop Hair Salon Kitchen & Bath Bar & Pub Plumbing Service Italian Restaurant Pet Supply Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Reynolds
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.66803
    Latitude
    41.32992

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Commercial Space, Restaurant & Shop
    Where is this commercial real estate located?
    The property is located at 108 Main St Reynolds, IL.
    What is the asking price?
    The asking price for this property is $249,000.
    Request Owner's contact information
    108 Main St Reynolds, IL 61279
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    Reynolds, IL 61279
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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 Main St Reynolds, IL 61279
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