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Mixed-Use Property Assemblage
For Sale
Under Contract
$799,000

8044 Grand Avenue, River Grove, IL 60171

COMMERCIAL - River Grove, IL

Property SizeContact for details
Lot Size0.14 Acres
Days on Market87

Property Features for 8044 Grand Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning COMMR
Directions From 1st Avenue head East on Grand Avenue, properties are on the North Side of the 8000 Block between Davisson Street and N Haymond Street
Subdivision River Grove
Standard status Active Under Contract
APN 12264070130000
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 19119

Building Details

Year built 1931
Floors in Building 1
Number of units 3
Building materials Brick
Listing Agency: Vitell Realty
Listed By: Jeremy Vitell · License #475164056
Added: May 18 Changed: Aug 4 Last Checked: Aug 12 at 6:06PM
MLS# 12650420

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This mixed-use commercial portfolio comprises three contiguous, separately deeded parcels offered together as one package. The assemblage includes two improved commercial properties and one vacant parcel, with approximately 18,500 SF across the portfolio and nearly 150 feet of frontage on Grand Ave. Private parking and rear alley access are included. The buildings are constructed with brick, and the improvements date to 1931.

Existing occupancy includes retail, office, general commercial, mixed-use, and residential tenants, with a combination of long-term and newer tenancy. The properties are located at 8044, 8050, and 8056 Grand Ave in River Grove, Illinois, near Metra, major transportation routes, O’Hare access, and surrounding residential density. The parcels are available only as a package and are not being offered separately.

Key Highlights

  • Three contiguous, separately deeded parcels offered only as a package
  • Approximately 18,500 SF across the portfolio with nearly 150 feet of Grand Ave frontage
  • Two improved commercial properties plus one vacant parcel

Property Analytics

Current Use

The zen den (Bike/Boat/Book/etc) Store Matrix Machine & Tool ... Industrial Manufacturer Hair I Am Hair Salon

Suggested Use

Top Pick Law Firm Dental Office Bakery (Bike/Boat/Book/etc) Store Acupuncture Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

589
Businesses Nearby

Demographics for 60171, IL

10,612
Population
4,456
Households
2.4
Avg Household Size
40
Median Age
26%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
4,614
Density / Sq Mi
$74,793
Median Household Income
$43,696
Median Earnings
$1,230
Median Rent
$244,700
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Three contiguous parcels combine improved commercial buildings, a vacant tract, private parking, and rear alley access.
Where is this mixed-use property located?
The property is located at 8044 Grand Avenue River Grove, IL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Three contiguous, separately deeded parcels offered only as a package; Approximately 18,500 SF across the portfolio with nearly 150 feet of Grand Ave frontage; Two improved commercial properties plus one vacant parcel
More about this property
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