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    8383 West Belmont Ave River Grove, IL 60171

    For Sale
    Contact for pricing

    Three-story office building in grocery-anchored retail center.

    Property size:
    24,000 SF

    Property Features for 8383 West Belmont Ave

    General Information

    Size
    24,000 SF

    Source: Steve Madura Agent Steve Madura

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Well-Maintained Office Building For Sale

    This well-maintained, three-story office building offers approximately 24,000 square feet of space. Situated on a prime hard corner within a grocery-anchored retail shopping center, the property benefits from exceptional visibility and access at the lighted intersection of Belmont and Cumberland Avenue, which sees approximately 23,000 vehicles per day. The location is approximately 5 miles from O'Hare Airport in a densely populated area with an estimated population of 593,000 within a 5-mile radius. Neighboring businesses include Binny's Beverage Depot, Dunkin' Donuts, MB Financial Bank, Rich's Fresh Market, Ross Dress For Less, and Walgreens. The property is suitable for investors seeking prime office space appealing to various tenants or for end-users desiring a professional business location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Old National Bank ... Atm Polski Psycholog - Leczenie ... Psychologist Wyspa Dzieci Preschool Galloway Brothers Electricians Electrician Junior Achievement of Chicago Social Services Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    River Grove
    County
    Cook
    State
    Illinois
    Longitude
    -87.834933
    Latitude
    41.9372111

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    FAQs

    What type of property is this?
    Office building - Three-story office building in grocery-anchored retail center.
    Where is this office building located?
    The property is located at 8383 West Belmont Ave River Grove, IL.
    What are key features of this property?
    This property features: - Prime hard-corner location within a grocery-anchored retail shopping center.; - Exceptional visibility at the lighted intersection of Belmont and Cumberland (23,000 VPD).; - Well-maintained 24,000± SF, three-story office building.
    (847) 504-2478
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    8383 West Belmont Ave River Grove, IL 60171
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    8383 West Belmont Ave River Grove, IL 60171
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