Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Veterinary Building on Grand Avenue Title is generated by Realmo AI

    8035 Grand Ave, River Grove, IL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    3200 SF veterinary building for sale on busy Grand Avenue.

    Type:OFFICE
    Property size:
    3,200 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $124/SF
    Added:
    Nov 25, 2025
    Days on Market:
    172
    Last Refresh:
    Apr 5 at 11:20 pm

    Property Features for 8035 Grand Ave

    General Information

    Standard status
    Active
    Size
    3,200 SF
    Lot size
    0.10 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Kayser dos Reis
    Kayser dos Reis

    Listing agent Kayser dos Reis License #pending

    Listing office RE/MAX Suburban | Mount Prospect

    Listing date Nov 25, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Suburban | Mount Prospect

    HighLights

    • High visibility location on busy Grand Avenue.
    • Spacious 3200 square foot veterinary building.
    • Four private exam rooms.
    • Large treatment / kennel room.
    • Dedicated client parking area.
    • Ideal for establishing or expanding a veterinary practice.

    Overview

    This established veterinary building for sale is situated on busy Grand Avenue, offering high visibility. The building spans 3200 square feet and is designed to cater to the needs of patients and staff. The spacious layout allows for efficient workflow and creates a comfortable environment for both pets and their owners. It features four private exam rooms and a large treatment/kennel room, providing ample space to provide personalized and focused care. A dedicated parking area ensures convenience for clients. This property presents an opportunity to establish or expand a veterinary practice in a location that supports growth and success. This building provides an ideal space to shape your practice's future.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Heneghan Kathleen DVM Veterinary Clinic

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • Elmwood Grove Animal Hospital — 8330 Grand Ave, River Grove, IL 60171
    • Heneghan Kathleen DVM — 8035 grand ave, river grove, il 60171

    Location Insight

    • Map
    • Local Demand
    City
    River Grove
    County
    Cook
    State
    Illinois
    Longitude
    -87.8274
    Latitude
    41.9272

    Nearby Similar for Sale

    • $419,000

      Commercial Property with Established Business

      Live and work in this River Grove commercial property.
      9011 Grand Avenue, River Grove, IL 60171
      View Details
    • $650,000
      2,850 SF

      Turnkey Restaurant in River Grove

      Freestanding 2,850 SF restaurant property ready for immediate occupancy.
      8347 Grand Avenue, River Grove, IL 60171
      View Details
    • $375,000

      River Grove Commercial Investment Opportunity

      Versatile property with potential for rental units or business operations.
      8517 W Grand Avenue, River Grove, IL 60171
      View Details
    • $2,650,000
      14,500 SF

      Truck Terminal with Maintenance Pit

      14,500 SF truck terminal with maintenance pit and office.
      2314 North River Road, River Grove, IL, 60171
      View Details
    • Contact for pricing
      24,000 SF

      Well-Maintained Office Building For Sale

      Three-story office building in grocery-anchored retail center.
      8383 West Belmont, River Grove, IL 60171
      View Details
    • $1,500,000
      3,550 SF

      River Grove Retail Building For Sale

      3,550 SF freestanding building on a 16,000 SF lot.
      8801 Grand Ave, River Grove, IL
      View Details
    • $349,000
      3,700 SF

      Industrial Building with Refrigeration

      3,700 SF industrial building featuring freezers and coolers.
      8256 Grand Ave, River Grove, IL
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 3200 SF veterinary building for sale on busy Grand Avenue.
    Where is this medical office space located?
    The property is located at 8035 Grand Ave River Grove, IL.
    What is the asking price?
    The asking price for this property is $399,500.
    What are key features of this property?
    This property features: High visibility location on busy Grand Avenue.; Spacious 3200 square foot veterinary building.; Four private exam rooms.
    (708) 267-6471 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kayser dos Reis
    Kayser dos Reis
    Real Estate License ID: pending
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8035 Grand Ave, River Grove, IL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!