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    River Grove, IL
    Conventional Restaurant

    River Grove, IL Conventional Restaurants for Sale

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    Franklin Park, IL Melrose Park, IL Chicago, IL
    Turnkey Restaurant in River Grove
    Updated: Mar 2
    Turnkey Restaurant in River Grove

    8347 Grand Avenue, River Grove, IL 60171

    $650,000
    2,850 sqft
    Turnkey restaurant property ready for immediate occupancy.
    Prime location in the heart of River Grove's Grand Ave retail corridor.
    2,850 SF freestanding building fully built out for restaurant use.
    Located next to Starbucks, benefiting from high foot traffic.
    Surrounded by established neighborhood businesses and a dense residential base.
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    This listing looks promising.

    Here's a quick look at some key insights for

    8347 Grand Avenue, River Grove, IL 60171

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    • Est. Cap Rate

      7.3%
      Above avg (5.9%)

    • Est. NOI

      $48K
      Annual

    • Mortgage

      $230K
      Mar 2021

    • Last Sold

      May 2021
      $500K

    • Property Type

      Retail Stores
      Built 1926
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    Turnkey Restaurant Opportunity in River Grove
    Updated: May 20
    Turnkey Restaurant Opportunity in River Grove

    8341-8343 Grand Avenue, River Grove, IL 60171

    Contact for pricing
    6,080 sqft
    Turnkey restaurant opportunity with a fully equipped restaurant and bar.
    Completely remodeled in 2021.
    Three separate kitchens: main, dedicated gluten‑free, and second‑floor prep.
    High‑traffic location at the intersection of Grand and Thatcher Avenues (53,000+ vehicles daily).
    C‑2 Commercial zoning with municipal approval for gaming.
    View details
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in River Grove, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Corner Development Site in Chicago
    Corner Development Site in Chicago

    7455 W Irving Park Road, Chicago, IL 60634

    $949,000
    4,055 sqft · 0.16 AC lot

    High-visibility corner lot with development potential in Belmont Heights/Dunning.

    View details
    Corner Development Site with Restaurant
    Corner Development Site with Restaurant

    7455 W Irving Park Road, Chicago, IL 60634

    $949,000
    6,250 sqft · 0.16 AC lot

    Signalized corner site with a renovated freestanding restaurant and side parking, offering flexible neighborhood commercial use.

    View details
    Wingstop Restaurant in Schiller Park
    Wingstop Restaurant in Schiller Park

    9732 W. Irving Park Road |, Schiller Park, IL 60176

    $1,310,000
    1,400 sqft

    Single-tenant Wingstop restaurant in the Chicago MSA for sale.

    View details
    Schiller Park Retail Strip Center
    Schiller Park Retail Strip Center

    4940 River Rd, Schiller Park, IL 60176

    $3,595,000
    23,000 sqft

    Six-tenant strip center near O'Hare Airport and Schiller Park.

    View details

    River Grove, IL Conventional Restaurants Market Trends and Statistics

    Explore 2 conventional restaurants for sale in River Grove, IL on our real estate platform. These investment opportunities span a total of 2,850 square feet of properties for sale, with an estimated market value of $650,000.

    Sale prices for conventional restaurants in River Grove, IL start at $650,000, averaging $650,000, and reaching up to $650,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 2

    Demographics Overview

    Population 10K
    Population Growth (5Y) +3.3%
    Median Household Income $74,793
    College Educated 30.8%

    High-Yield Neighborhoods for Investment

    Identify River Grove submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60171 $650K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

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