For Sale
$642,575

8347 Grand Ave River Grove, IL 60171

Free-standing restaurant, fully equipped.

Overview

Added:
Dec 11, 2024
Days on market:
131
This 2,820 square foot free-standing restaurant building, situated on a 0.07-acre lot in River Grove, Illinois (APN: 12-26-409-003-0000), presents a unique investment opportunity. Built in 1950 and renovated in 2020, the property boasts a newly remodeled storefront and is zoned C2. The single-story building features an open floor plan with 10-foot ceilings, a large bar with 16 tap lines and seating for 12, and a functional kitchen equipped with a 12-foot hood. All furniture, fixtures, and equipment (FF&E) are included, along with five gaming machines, providing an additional revenue stream. The rear parking area offers potential for patio seating expansion, complemented by an adjacent free public parking lot. The property's location on heavily traveled Grand Avenue, near a Starbucks with a drive-thru, Franklin Park, and Triton College, ensures high visibility and accessibility. The 0.93 FAR allows for potential redevelopment. This prime location is ideal for restaurant/bar operators and investors seeking a turn-key operation or a redevelopment project in a thriving area with convenient access to major roadways and public transportation.

Highlights

  • 10-foot ceilings and open floor plan.
  • Full bar with 16 taps and seating for 12, including all furniture, fixtures, and equipment (FF&E), plus 5 gaming machines.
  • Commercial kitchen featuring a 12-foot hood.
  • Rear parking lot with free parking available.

Property Details for 8347 Grand Ave

Property type
Retail properties, Restaurants
Square Feet
2,820 SF
Year Built/Renovated
1950/20
Buildings
1
Stories
1
Lot Size (sq. ft)
3,049 SF

Location Insight

City
River Grove
County
Cook
State
Illinois
Latitude
41.928527802308
Longitude
-87.835088096441

FAQs

What type of property is this?
Retail property - Free-standing restaurant, fully equipped.
Where is the retail property located?
The property is located at 8347 Grand Ave River Grove, IL.
What is the asking price?
The asking price for this property is $642,575.
What are key features of this property?
This property features: 10-foot ceilings and open floor plan.; Full bar with 16 taps and seating for 12, including all furniture, fixtures, and equipment (FF&E), plus 5 gaming machines.; Commercial kitchen featuring a 12-foot hood.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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8347 Grand Ave
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