Grand Avenue Assemblage
For Sale
Under Contract
$799,000
8050 Grand Avenue, River Grove, IL 60171
LAND - River Grove, IL
Property SizeContact for details
Lot Size0.14 Acres
Days on Market87
Property Features for 8050 Grand Avenue
General Information
Property type
Land
Property subtype
Other
Zoning
COMMR
Parking features
Off Alley
Elementary school
River Grove Elementary School
Middle school
River Grove Elementary School
High school
East Leyden High School
Elementary school district
85.5
Middle school district
85.5
High school district
212
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
12264070120000
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2202
Listing Agency:
Vitell Realty
(708) 642-9566
Listed By:
Jeremy Vitell · License #475164056
(708) 642-9566
Added: May 18
Changed: May 30
Last Checked: Aug 12 at 6:06PM
MLS# 12650422
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 offering comprises a portfolio of three contiguous, separately deeded parcels, totaling approximately 18,500 square feet, with nearly 150 feet of frontage along Grand Avenue in River Grove. The properties, located at 8044, 8050, and 8056 Grand Avenue, include two improved commercial properties and one vacant parcel, complete with private parking and rear alley access. The current mix of tenants includes retail, office, general commercial, mixed-use, and residential occupants, with both long-term and newer leases in place. The C3 Heavy Commercial zoning and the location's excellent visibility and strong traffic exposure provide flexibility for various commercial, automotive, retail, service, redevelopment, or owner-user opportunities. This assemblage is suited for investors, developers, or businesses seeking long-term upside in a high-demand commercial corridor. The location offers convenient access to Metra, major transportation routes, O'Hare International Airport, and surrounding residential areas. The properties are offered strictly as a package sale and will not be sold separately. The lot size is approximately 0.14 acres.
Key Highlights
- Package sale of three contiguous parcels totaling approximately 18,500 SF with nearly 150 feet of frontage on Grand Ave.
- Prime C3 Heavy Commercial portfolio with flexible zoning allowing for various commercial uses, redevelopment, or owner‑user opportunities.
- Mix of retail, office, general commercial, mixed‑use, and residential tenants already in place.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 45%
Starbucks
Dining
16,281 visits/mo
0.4 miles
BP
Shops & Services
10,417 visits/mo
0.1 miles
Shell
Shops & Services
7,928 visits/mo
0.4 miles
Enterprise Rent-A-Car
Shops & Services
1,396 visits/mo
0.3 miles
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Prime commercial portfolio in River Grove with redevelopment potential.
Where is this mixed-use property located?
The property is located at 8050 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: Package sale of three contiguous parcels totaling approximately 18,500 SF with nearly 150 feet of frontage on Grand Ave.; Prime C3 Heavy Commercial portfolio with flexible zoning allowing for various commercial uses, redevelopment, or owner‑user opportunities.; Mix of retail, office, general commercial, mixed‑use, and residential tenants already in place.
