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2826 Thatcher Ave 7,600 SF 26% Leased Retail Building River Grove, IL 60171 For Sale

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EXECUTIVE SUMMARY

• 5,600 SF restaurant with 550 SF outdoor patio
• 2,000 SF, 2nd floor, 2 Br apartment

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Conditions
Lease Option
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,600 SF
Building Class
B
Year Built
1925
Percent Leased
26%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.26
Lot Size
0.67 AC
Zoning
C1 - Mixed Use Storefront Commercial District
Parking
21 Spaces (2.76 Spaces per 1,000 SF Leased)
Frontage
49’ on Thatcher Ave

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 5,600 SF
  • Restaurant
  • -
  • Now

Restaurant Parcel: 19,349 SF (32 parking stalls). Parking Lot: 10,205 SF (32 parking stalls). Public Alley bifurcating parcels can be relocated to make parcels contiguous via land swap with Village of River Grove. Masonry construction. Zoned C1, Mixed-Use Storefront Commercial District. Close proximity to River Grove Metra station with ~6,000 daily riders. • Ideal for restaurant and bar uses • Unique redevelopment opportunity

Space Size Space Use Position Available
1st Floor 5,600 SF Restaurant - Now

1st Floor

Size
5,600 SF
Space Use
Restaurant
Position
-
Available
Now

1st Floor

Size 5,600 SF
Space Use Restaurant
Position -
Available Now

Restaurant Parcel: 19,349 SF (32 parking stalls). Parking Lot: 10,205 SF (32 parking stalls). Public Alley bifurcating parcels can be relocated to make parcels contiguous via land swap with Village of River Grove. Masonry construction. Zoned C1, Mixed-Use Storefront Commercial District. Close proximity to River Grove Metra station with ~6,000 daily riders. • Ideal for restaurant and bar uses • Unique redevelopment opportunity

NEARBY MAJOR RETAILERS

Starbucks
Chase
Fifth Third Bank
Jazzercise

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-26-105-004-0000
Land Assessment
$13,279
Improvements Assessment
$39,500
Total Assessment
$52,779
  • Listing ID: 35214594

  • Date on Market: 3/21/2025

  • Last Updated:

  • Address: 2826 Thatcher Ave, River Grove, IL 60171

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