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Property profile & analytics
OFF-MARKET
Commercial real estate

108 Main St Reynolds, IL 61279

2,423 SF Built 1980
Entity Owned 3-yr Hold Free & Clear
Property ID
US28-1187571
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1980
Total area 2,423 SF
Zoning code REY
APN 22-36-424-005
UPID US28-1187571
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Els Properties LLC · 3 yrs held
Els Properties LLC
since 2022
Last sale
$180,000
2 recorded transactions
2022
$180,000
2016
$60,000
Zoning & alternative use
REY · Reynolds, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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