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8527 Grand Ave
River Grove, IL 60171
Retail Property For Sale


Investment Highlights
- Flexible layout supports retail, office, service, and light manufacturing uses.
- Security system, exterior lighting, and off-street parking are installed.
- Existing office improvements support immediate occupancy.
- Positioned along Grand Avenue within an established mixed-use commercial corridor.
Executive Summary
8527 Grand Avenue presents an opportunity to acquire a versatile commercial flex property positioned along a well-traveled corridor in River Grove, Illinois. The property has historically accommodated a variety of commercial uses, including retail, service, light manufacturing, and office operations, offering flexibility for owner-users, investors, or businesses seeking a facility that can support evolving operational needs.
The improvements include existing office space together with newly remodeled laboratory and production areas supported by substantial power infrastructure. A detached two-car garage provides additional storage, workspace, or covered parking functionality, while the property is further enhanced by a security system, exterior lighting, and ample off-street parking. These features support a wide range of commercial and light industrial applications without requiring significant immediate capital improvements.
Located along Grand Avenue, the property benefits from visibility within an established mixed-use corridor that includes residential neighborhoods, retail establishments, service providers, and commercial businesses. The surrounding environment contributes to consistent local activity and convenient access to nearby communities throughout Chicago's western suburbs. Its adaptable layout, existing improvements, and established commercial setting position the asset as a practical opportunity for businesses seeking operational flexibility or investors pursuing a property with multiple potential occupancy strategies.
The improvements include existing office space together with newly remodeled laboratory and production areas supported by substantial power infrastructure. A detached two-car garage provides additional storage, workspace, or covered parking functionality, while the property is further enhanced by a security system, exterior lighting, and ample off-street parking. These features support a wide range of commercial and light industrial applications without requiring significant immediate capital improvements.
Located along Grand Avenue, the property benefits from visibility within an established mixed-use corridor that includes residential neighborhoods, retail establishments, service providers, and commercial businesses. The surrounding environment contributes to consistent local activity and convenient access to nearby communities throughout Chicago's western suburbs. Its adaptable layout, existing improvements, and established commercial setting position the asset as a practical opportunity for businesses seeking operational flexibility or investors pursuing a property with multiple potential occupancy strategies.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
13,529 SF
Building Class
C
Year Built
1950
Price
$1,900,000
Price Per SF
$140.44
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
2 Exterior
Building FAR
0.43
Lot Size
0.72 AC
Zoning
C-1 - General Commercial
Parking
30 Spaces (2 Spaces per 1,000 SF Leased)
Frontage
72’ on W Grand Ave
Property Taxes
| Parcel Numbers | Improvements Assessment | $259,242 | |
| Land Assessment | $136,758 | Total Assessment | $396,000 |
Property Taxes
Parcel Numbers
Land Assessment
$136,758
Improvements Assessment
$259,242
Total Assessment
$396,000
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