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8347 W Grand Ave 2,850 SF Retail Building River Grove, IL 60171 $650,000 ($228.07/SF)
Investment Highlights
- Directly Adjacent to Freestanding Drive-Thru Starbucks
- Immediately at Pace Bus Stops and 1 Block to River Grove Metra Train Stop
- Excellent Visibility and Exposure to Grand Avenue and 1st Avenue with Combined Daily Traffic Counts in Excess of 41,000
- All FF&E Included, Including Newer Kitchen, Bar, and Restaurant Equipment
Executive Summary
Brookline Real Estate presents the rare opportunity to acquire a highly visible commercial property in River Grove, IL. This offering includes the 2,850 square-foot freestanding building on Grand Avenue near 1st Avenue (Rt. 171).
The property is directly adjacent to a freestanding Starbucks with drive-thru. The Starbucks traffic, and particularly its drive-thru traffic, pass within feet of the building and any signage. The building is also immediately at PACE Bus Stops, and 1 Block from the River Grove Metra train station.
The interior is fully built out with modern kitchen and bar equipment, and updated decor complete with custom murals. All FF&E is included in the sale.
Surrounded densely by residential neighborhoods and the businesses along the Grand Avenue corridor, the property offers owner-user or investment potential.
The property is directly adjacent to a freestanding Starbucks with drive-thru. The Starbucks traffic, and particularly its drive-thru traffic, pass within feet of the building and any signage. The building is also immediately at PACE Bus Stops, and 1 Block from the River Grove Metra train station.
The interior is fully built out with modern kitchen and bar equipment, and updated decor complete with custom murals. All FF&E is included in the sale.
Surrounded densely by residential neighborhoods and the businesses along the Grand Avenue corridor, the property offers owner-user or investment potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,850 SF
Building Class
B
Year Built
1950
Price
$650,000
Price Per SF
$228.07
Tenancy
Single
Building Height
1 Story
Building FAR
0.93
Lot Size
0.07 AC
Zoning
C2 - Commercial
Parking
6 Spaces (2.11 Spaces per 1,000 SF Leased)
Frontage
150’ on Grand Ave
Amenities
- Restaurant
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- 8347 Grand Inc Paisans Italian
- Accommodation and Food Services
- -
- -
- -
- Mia Passione
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| 8347 Grand Inc Paisans Italian | Accommodation and Food Services | - | - | - | ||
| Mia Passione | Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-26-409-003-0000 | Improvements Assessment | $84,078 |
| Land Assessment | $13,672 | Total Assessment | $97,750 |
Property Taxes
Parcel Number
12-26-409-003-0000
Land Assessment
$13,672
Improvements Assessment
$84,078
Total Assessment
$97,750
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8347 W Grand Ave
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