Grand Avenue Commercial
For Sale
$799,000
Pending
8050 Grand Avenue, River Grove, IL 60171
Three contiguous parcels on Grand Avenue, River Grove.
Property SizeContact for details
Lot Size0.42 Acres
Days on Market114
Property Features for 8050 Grand Avenue
General Information
Standard status
Pending
Lot size
0.42 Acres
Property subtype
Land
Zoning
COMMR
Taxes and HOA fees
Annual Taxes
$2,202
Listing Agency:
Vitell Realty
(708) 642-9566
Listed By:
Jeremy Vitell · License #471023016
(708) 642-9566
Source:
Compass
Added: May 5
Changed: Aug 23
Last Checked: Aug 14 at 6:08AM
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 Vitell Realty
Investment Insights
Based on property information with market context.
This is a rare opportunity to acquire a commercial portfolio on Grand Avenue. The offering consists 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 portfolio, located at 8044, 8050, and 8056 Grand Avenue, features two improved commercial properties plus one vacant parcel with private parking and rear alley access. Current uses include a mix of retail, office, general commercial, mixed-use, and residential tenants, with a combination of long-term and newer tenants in place. The properties benefit from excellent visibility, strong traffic exposure, and flexible C3 Heavy Commercial zoning, allowing for a wide variety of commercial, automotive, retail, service, redevelopment, or owner-user opportunities. This assemblage is ideal for investors, developers, or businesses seeking long-term upside in a high-demand commercial corridor. The location is conveniently near Metra, major transportation routes, O'Hare access, and surrounding residential density. These properties are being offered strictly as a package sale only and will not be sold separately.
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 zoning allows for a wide variety of opportunities.
- Includes two improved commercial properties plus one vacant parcel with private parking and rear alley access.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Three contiguous parcels on Grand Avenue, River Grove.
Where is this commercial land 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 zoning allows for a wide variety of opportunities.; Includes two improved commercial properties plus one vacant parcel with private parking and rear alley access.
