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    76 S Grv Ave Elgin, IL 60120

    For Lease
    $16 SF/Yr

    Restaurant - Elgin, IL

    Days on Market:
    26
    Last Refresh:
    Dec 6 at 12:06 pm

    Property Features for 76 S Grv Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Architectural style
    Other

    Patron, Inc (dba RE/MAX Horizon) (630) 215-6600 [email protected]

    Listing agent Ben Henrikson (847) 931-7500 License #475091643

    Listing date Nov 11, 2025

    MLS# 12491041 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Elgin Restaurant and Event Space

    Located in downtown Elgin, this property features a former bar and event space. The bar area fronts S. Grove Ave, while the adjoining event/party space faces S. Riverside Dr. Both spaces are in good condition and ready for occupancy. The bar space includes access to the basement. The building is situated adjacent to a large, free, city-owned surface parking lot. The two spaces may be divided. Additional event space is available on the same floor, and basement space is also available for lease. There will be a prorated monthly utility charge payable by the tenant.
    Location Intelligence

    Current Use by Public Records

    Bars

    Similar Places Nearby

    Chicago Street Pour House

    Map

    City
    Elgin
    County
    Cook
    State
    Illinois
    Longitude
    -88.2392
    Latitude
    42.035

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    FAQs

    What type of property is this?
    Bar - Former bar and event space in downtown Elgin available for rent.
    Where is this bar located?
    The property is located at 76 S Grv Ave Elgin, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Ready-to-occupy bar and event space in downtown Elgin.; - Adjacent to a large, free City-owned parking lot.; - Two spaces can be divided for flexible use.
    (847) 931-7500
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    76 S Grv Ave Elgin, IL 60120
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