8347 W Grand Ave
River Grove, IL 60171
Owner Financing with $200k Down · Retail Property For Sale

Incredible Bar & Grill w/Property River Grove, IL - On Busy Grand Ave! Amazing freestanding brick building with large expansive windows, a sleek modern interior with a gorgeous bar and impeccable professional kitchen. Fully equipped kitchen with a $25,000 wood-burning pizza oven, 14ft exhaust hood w/heated air return, 10-burner stove w/oven, 2ft char grill, fryer, double stack convection oven, meat slicer, dough mixer, pasta cooker, 10ft 4-drawer prep table, two 2-door reach in coolers, single door refrigerator, 1-door reach in freezer and so much more. Entire restaurant completely renovated in 2016. Over $400,000 spent on all NEW equipment, plumbing, electric, HVAC, roof and more. Full service. Full bar. Dine-in, pickup or 3rd party delivery. Bar and table seating. Full liquor license. 6 flat screen tvs. Also, 6 video games installed mid-Aug 2022. Gaming revenue (location’s take) currently averaging $6,000/mth. NO contract with a gaming company! Asset sale - all furniture, fixtures and equipment (FF&E) included. Independent - no royalty, advertising or transfer fees. Also, no financials. Absentee owned. Keep the current concept or make it your own! Location: Prime retail space in a freestanding building with a 2nd entrance in rear along with ample shared convenient municipal parking. On busy Grand Ave. Adjacent to a very busy Starbucks and Mario Novelli’s Barber Salon. And across two busy plazas. Plus, walking distance to the River Grove and Elmwood Park rail stations. Perfectly situated in River Grove, the village of “Friendly Neighbors.” Year Established: May 2021. Property Information: Built in 1950. Renovated 2016. Real estate taxes ~$20,000. Square Feet: 2,850. Seating: 35. Days/Hrs of Operation: Daily 11a-12m. Owners Role: Absentee. # Of Employees: 5. Training: TBD on-site comprehensive training. Value of FF&E: Included In Asking Price (Valued at $150,000). Value of Inventory: $10,000 (Not Included In Asking Price). Seller Financing Available: No. Reasons for Selling: Other interests. Competition/Market: Delicious food. Quality eats. Best wings and brick-oven pizzas in town. Fresh house made burgers. Fantastic drinks. Excellent service. Cool atmosphere. Touchtunes jukebox. Great place to watch all the games. And the perfect place to hit the jackpot! Amazing décor. Stylish and hip atmosphere. Equipment in excellent condition (purchased NEW in 2016). Growth & Expansion: Ideal location on the north side. Great neighborhood spot. Local gem. Popular place. On Grand Ave lined with many businesses and high traffic volumes. Also, surrounded by a vast commercial and residential area! Rated 5.0 Facebook, 4.5 Yelp, 4.4 Google and more. Highly rated and recommended, great reputation to continue to build upon! Feel free to stop by the location as a customer first. This is a HIGHLY confidential listing, please DO NOT talk to any of the owners, employees or patrons. If interested, contact EatZ for more information. Showings by appointment only. Listed by Tom Traina at EatZ & Associates / EatZ Real Estate Group LLC