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    104 Main St Reynolds, IL 61279

    Sponsored
    For Sale
    $205,000

    Prime Reynolds, IL auto repair facility. Great investment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional $205,000 commercial property in Reynolds, Illinois, presents a unique investment opportunity. Located at 104 E MAIN Street, 61279, this property comprises a well-established vehicle repair facility. The main structure is a combination of two buildings. The original building, constructed in 1970, is a block building. A second building, added by the previous owners in 2003, features a block and steel construction. Both buildings boast steel roofs for durability. The newer 2003 addition includes radiant heat for efficient climate control, while the 1970 building utilizes a natural gas hanging heater. Air conditioning is currently installed in the office area only. The property is classified as Land, Industrial, and is zoned for commercial and warehouse use. This turnkey operation offers immediate income potential or the possibility for redevelopment. The property's location in Reynolds, IL, provides easy access to local transportation routes and a strong local customer base. The previous owners successfully operated a vehicle repair business here, leaving a legacy of quality service and a ready-made customer base. This is a rare chance to acquire a well-maintained, established business property in a desirable location. The property is ready for immediate occupancy and offers significant potential for future growth.

    Property Features for 104 Main St

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1970
    Buildings
    1

    HighLights

    • $205,000 asking price.
    • 1970‑built industrial land with warehouse, located in Reynolds, IL.
    • One building on site, comprised of a 1970 block building and a 2003 block and steel addition.
    • Steel roofs, radiant heat in newer building, natural gas heater in older building, and AC in office only.
    • Located at 104 E MAIN Street, Reynolds, IL 61279.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    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
    -90.6684291
    Latitude
    41.3298215

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    Nearby Similar for Sale

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      Reynolds Commercial Building - Prime Location

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    FAQs

    What type of property is this?
    Distribution property - Prime Reynolds, IL auto repair facility. Great investment opportunity.
    Where is this distribution property located?
    The property is located at 104 Main St Reynolds, IL.
    What is the asking price?
    The asking price for this property is $205,000.
    What are key features of this property?
    This property features: $205,000 asking price.; 1970-built industrial land with warehouse, located in Reynolds, IL.; One building on site, comprised of a 1970 block building and a 2003 block and steel addition.
    Request Owner's contact information
    104 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
    104 Main St Reynolds, IL 61279
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