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    105 6Th St Colona, IL 61241

    • Commercial real estate
    • 4,896 SF
    • 0.99 lot acres
    For Sale
    View listing
    $259,000
    Value Estimation
    Location Intelligence
    Property ID
    US28-2837204
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 105 6Th St

    Year built
    1972
    Lot size
    0.99 lot acres
    Property size
    4,896 SF
    Property type
    Commercial real estate
    APN
    06-10-202-025
    APU
    610202025

    Description

    This exceptional commercial property at 105 6th Street, Colona, IL, presents a remarkable investment opportunity. Boasting a substantial 5,150 square feet of space on a nearly one-acre lot (0.99 acres), this building offers significant versatility. Currently configured as a successful auto body shop and stripping business, the property is ideally suited for a variety of uses, including owner-occupied businesses or warehouse operations. The building features a heated shop area, a dedicated office space, two restrooms, and multiple overhead doors for easy access and loading. Adding to its appeal is a separate, 20' x 20' two-car garage, currently generating $200 per month in rental income. The property's location is highly advantageous, situated southwest of a Pizza Hut and just one block from the busy IL Route 84 (1st Avenue) in Colona, ensuring high visibility and accessibility. Further expansion is possible, with ample space for the construction of additional storage units. Recent improvements include a new roof installed in 2023, and the property benefits from robust 660 3-phase power. The listing price of $259,000 is for the real estate only

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Colona
    County
    Henry
    State
    Illinois
    Longitude
    -90.3656
    Latitude
    41.4829
    CBSA code
    19340
    CBSA name
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $3,357
    $5,145
    $21,379
    $26,524
    -
    $15,435
    $64,137
    $79,572

    Comparable in this City

    • Value Estimation by Request
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      103 1st St

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      103 1st St, Colona, IL 61241-9405
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      2,000 SF

      107 5th St

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      107 5th St, Colona, IL 61241-9717
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      828 SF

      519 1st St

      COMMERCIAL (GENERAL) • 828 SF
      519 1st St, Colona, IL 61241-9746
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    • Value Estimation
      $255,000
      0.59 Acres

      709 1st St

      COMMERCIAL (GENERAL) • 0.59 Acres
      709 1st St, Colona, IL 61241
      View Details
    • Value Estimation
      $90,000
      4,564 SF

      713 1st St

      COMMERCIAL (GENERAL) • 4,564 SF
      713 1st St, Colona, IL 61241-9748
      View Details

    Similar Nearby for Sale

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    105 6Th St
    Colona, IL 61241
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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
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