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Property profile & analytics

108 Main St Reynolds, IL 61279

  • Commercial real estate
  • 2,423 SF
Value Estimation
Last Sale
Dec 06, 2022
$180,000
Location Intelligence
Property ID
US28-1187571
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 108 Main St

Year built
1980
Property size
2,423 SF
Zone code
REY
Property type
Commercial real estate
APN
22-36-424-005
APU
2236424005

Description

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.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $145,000
  • CAP approach

    CAP return
    Estimation
    6%
    $160,000
    6.5%
    $145,000
    7%
    $140,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $125,000
    Geo Method
    $130,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $150,000
    Retail
    $155,000
    Mixed-Use
    $160,000
    Hospitality
    $135,000
    Educational
    $170,000
    Residential Income
    $175,000
    Energy
    $145,000
    Income-Based Land
    $130,000
    Food Service
    $135,000

Location Insight

  • Map
  • Local Demand
City
Reynolds
County
Rock Island
State
Illinois
Longitude
-90.668
Latitude
41.33
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
2022
$2,640
$6,902
$27,164
$34,066
-
$20,706
$81,492
$102,198
More about this property
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