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2300 River Rd 3,600 SF 100% Leased Retail Building River Grove, IL 60171 $1,200,000 ($333.33/SF) 11.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Completely renovated 3,600 event space venue in River Grove next to booming retail area on North Ave, Triton College, and new Amazon centers.
EXECUTIVE SUMMARY
Completely renovated 3,600 event space venue in River Grove next to booming retail area on North Ave, Triton College, and new Amazon centers. Multi-level layout with bar area, main dining area, private VIP room, full kitchen, mens/womens/handicap bathrooms, and large outdoor patio.
Event space is operated by lessee that has Class B liquor license for Banque Hall. They average 10-15 events per month. Lessee will consider selling business in package deal.
Event space is operated by lessee that has Class B liquor license for Banque Hall. They average 10-15 events per month. Lessee will consider selling business in package deal.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,600 SF
Building Class
C
Year Built/Renovated
1960/2019
Price
$1,200,000
Price Per SF
$333.33
Cap Rate
11.25%
NOI
$135,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.08
Lot Size
1.00 AC
Zoning
C-3 - C3 - Heavy Commercial District
Parking
31 Spaces (8.61 Spaces per 1,000 SF Leased)
Frontage
116’ on River Rd
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Copper Oak Events
- Arts, Entertainment, and Recreation
- 3,600 SF
- $20.00
- Triple Net
- Dec 2025
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Copper Oak Events | Arts, Entertainment, and Recreation | 3,600 SF | $20.00 | Triple Net | Dec 2025 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12-35-102-027-0000 | Improvements Assessment | $20,371 |
| Land Assessment | $4,630 | Total Assessment | $25,001 |
PROPERTY TAXES
Parcel Number
12-35-102-027-0000
Land Assessment
$4,630
Improvements Assessment
$20,371
Total Assessment
$25,001
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Urban Indigenous LLC
2300 River Rd
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