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8341 Grand Ave 6,080 SF Retail Building River Grove, IL 60171 For Sale
Investment Highlights
- Turnkey restaurant property fully renovated in 2021 with three kitchens and multiple dining areas.
- Equipment is available for purchase separately to support immediate operation.
- Located two blocks from River Grove Metra station for convenient commuter access.
- Zoning provides flexibility for hospitality, office, or commercial conversion opportunities.
Executive Summary
This fully remodeled freestanding restaurant property presents an outstanding opportunity for an owner-user or investor seeking a turnkey, high-capacity dining destination. The 6,080 SF building, updated in 2021, showcases three separate kitchens, two dining rooms, and an all-season banquet space, allowing versatility and multiple revenue streams. Additional features include a private bar area, commercial-grade walk-in coolers, and municipal approvals for restaurant operations, ensuring seamless transition and sustained productivity.
Located on Grand Avenue just two blocks from the River Grove Metra station, the property offers exceptional accessibility and visibility with over 53,000 vehicles passing daily. Positioned within a dynamic corridor surrounded by major retailers, popular dining concepts, and attractions like Starbucks, Rosati’s Pizza, and a cannabis dispensary, this site benefits from strong local and commuter traffic. With C-2 commercial zoning, the property also allows for alternate uses such as office, commercial showroom, or entertainment venue, increasing its investment appeal.
Located on Grand Avenue just two blocks from the River Grove Metra station, the property offers exceptional accessibility and visibility with over 53,000 vehicles passing daily. Positioned within a dynamic corridor surrounded by major retailers, popular dining concepts, and attractions like Starbucks, Rosati’s Pizza, and a cannabis dispensary, this site benefits from strong local and commuter traffic. With C-2 commercial zoning, the property also allows for alternate uses such as office, commercial showroom, or entertainment venue, increasing its investment appeal.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,080 SF
Building Class
B
Year Built
1963
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.14 AC
Zoning
C-2 - Commercial
Frontage
50’ on Grand Avenue
Amenities
- Restaurant
- Signage
- Air Conditioning
Fairly walkable
50/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-26-409-006-0000 | Improvements Assessment | $48,185 |
| Land Assessment | $13,672 | Total Assessment | $61,857 |
Property Taxes
Parcel Number
12-26-409-006-0000
Land Assessment
$13,672
Improvements Assessment
$48,185
Total Assessment
$61,857
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8341 Grand Ave
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