Single-Story Brick Industrial
8115 Grand Ave River Grove, IL 60171
8115 Grand Ave, River Grove, IL, 60171
$495,000
For Sale
$495,000
Single-story brick facility with reception, private offices, manufacturing/warehouse space, and an 11'6" overhead door.
Property Size5,200 SF
Price / SF$95.19
Days on Market423
Property Features for 8115 Grand Ave
General Information
- Standard status
- Active
- Size
- 5,200 SF
Listing agency
Pontarelli Associates
(773) 297-8282
Listed by
John Pontarelli · License #471014110
(773) 297-8282
Source
Exprealty
Added: May 26, 2025 Updated: Jul 21 at 2:03AM Checked: Jul 21 at 11:13PM
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 Pontarelli Associates
Investment Insights
Based on property information with market context.
This single-story brick industrial building includes a front entrance with a reception area and private offices totaling approximately 640+/- square feet. The rear portion provides production/manufacturing/warehouse space that is mostly open, along with a kitchen, bathroom, and a rear exit.
The property has a single 11'6" overhead door and features 4 paved parking spaces, with alley access. It also has new central air. Built in 1952 and continuously occupied since then by a printing company, the building is presented as an owner-user opportunity for another printing operation.
The site is described as being on heavily trafficked Grand Avenue with nearby retail and service uses, and a Metra train stop is noted as approximately four blocks away.
The property has a single 11'6" overhead door and features 4 paved parking spaces, with alley access. It also has new central air. Built in 1952 and continuously occupied since then by a printing company, the building is presented as an owner-user opportunity for another printing operation.
The site is described as being on heavily trafficked Grand Avenue with nearby retail and service uses, and a Metra train stop is noted as approximately four blocks away.
Key Highlights
- 5,200 SF single‑story brick building on heavily trafficked Grand Avenue in River Grove
- Front reception area plus private offices totaling 640+/- SF
- Production/manufacturing/warehouse area with mostly open layout, plus kitchen and bathroom
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.7k | $6.48 |
| − Vacancy | −$1.7k | −$0.33 |
| EGI | $32.0k | $6.15 |
| − OpEx | −$4.8k | −$0.92 |
| NOI | $27.2k | $5.23 |
5,200 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.02M
$896.2K – $1.19M
NOI $71,699 @ 7.0% cap · market cap 14.48%
Second Best
Warehouse
$388.3K
$339.8K – $453.0K
NOI $27,181 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.80M
$1.57M – $2.09M
NOI $125,673 @ 7.0% cap · market cap 25.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Manor Press Inc
Marketing & Advertising
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Single-story brick facility with reception, private offices, manufacturing/warehouse space, and an 11'6" overhead door.
Where is this manufacturing property located?
The property is located at 8115 Grand Ave River Grove, IL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 5,200 SF single‑story brick building on heavily trafficked Grand Avenue in River Grove; Front reception area plus private offices totaling 640+/- SF; Production/manufacturing/warehouse area with mostly open layout, plus kitchen and bathroom
