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    2628 Thatcher Ave River Grove, IL 60171

    For Lease
    Contact for pricing

    Restaurant and parking lot parcels near Metra station.

    Property size:
    7,600 SF
    Lot size:
    7,600 SF

    Property Features for 2628 Thatcher Ave

    General Information

    Size
    7,600 SF

    Building Details

    Year built
    1925

    Source: Dan Hiffman Agent Dan Hiffman

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

    Overview

    River Grove Redevelopment Opportunity

    This property presents a unique redevelopment opportunity, consisting of a restaurant parcel of 19,349 square feet with 32 parking stalls and a parking lot of 10,205 square feet also with 32 parking stalls. The property features masonry construction and is zoned C1, Mixed-Use Storefront Commercial District. A public alley bifurcates the parcels but can be relocated to make the parcels contiguous through a land swap with the Village of River Grove. The location is in close proximity to the River Grove Metra station, which sees approximately 6,000 daily riders. The property is ideal for restaurant and bar uses. The building size is 7,600 square feet.
    Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Similar Places Nearby

    Restaurante EL COLIBRÍ , Lil Nana’s Catering

    Location Insight

    • Map
    • Local Demand
    City
    River Grove
    County
    Cook
    State
    Illinois
    Longitude
    -87.8361045
    Latitude
    41.9274876

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    FAQs

    What type of property is this?
    Restaurant - Restaurant and parking lot parcels near Metra station.
    Where is this restaurant located?
    The property is located at 2628 Thatcher Ave River Grove, IL.
    What are key features of this property?
    This property features: - Restaurant Parcel with **32 Parking Stalls**: Ideal for restaurant and bar uses.; - Close Proximity to River Grove Metra Station: High visibility with ~6,000 daily riders.; - Unique Redevelopment Opportunity: Potential for significant value creation.
    (630) 693-0655
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    2628 Thatcher Ave River Grove, IL 60171
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    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
    2628 Thatcher Ave River Grove, IL 60171
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