Turnkey Restaurant Opportunity in River
For Sale
Contact for pricing
8341-8343 Grand Avenue, River Grove, IL 60171
Freestanding, fully equipped restaurant near Grand and Thatcher Avenue.
Property Size6,080 SF
Days on Market105
Property Features for 8341-8343 Grand Avenue
General Information
Standard status
Active
Size
6,080 SF
Property subtype
Retail
Zoning
C-2
Investment Type
Owner/User
Building Details
Year Built
1963
Year Renovated
2021
Tenancy
Single
Listing Agency:
Millennium Properties R/E
(312) 338-3000
Listed By:
Susan Silver · License #IL 475136992
Source:
Crexi
Added: May 20
Changed: Aug 21
Last Checked: Aug 28 at 9:27PM
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 Millennium Properties R/E
Investment Insights
Based on property information with market context.
Available for sale is a 6,080 square foot freestanding single-tenant property, presenting a turnkey restaurant opportunity for an owner-user or investor. The property was completely remodeled in 2021 and features a fully equipped restaurant and bar with two dining rooms, a private all-season banquet room, and a dedicated carryout area. The facility includes three separate kitchens: a main kitchen, a dedicated gluten-free kitchen, and a second-floor prep kitchen, along with four walk-in coolers/freezers. The property is zoned C-2 Commercial and has municipal approval for gaming, offering flexibility and multiple revenue-generating opportunities for restaurant, banquet, entertainment, or hospitality concepts. Located at the intersection of Grand Avenue and Thatcher Avenue, the property benefits from high visibility and accessibility, with over 53,000 vehicles passing daily. Situated two blocks from the Metra station and surrounded by retailers and dining destinations such as Rosati’s Pizza, Starbucks, and Sunnyside Cannabis Dispensary, the location attracts local and commuter traffic. The surrounding dense population, strong daytime traffic counts, and proximity to major transportation corridors make this an ideal location for a destination restaurant or entertainment-driven business.
Key Highlights
- Turnkey restaurant opportunity with a fully equipped restaurant and bar.
- Completely remodeled in 2021.**
- Three separate kitchens: main, dedicated gluten‑free, and second‑floor prep.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
83k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Apparel 29%
Dining 20%
Groceries 18%
Ross Dress for Less
Apparel
23,729 visits/mo
0.4 miles
Starbucks
Dining
16,281 visits/mo
0.1 miles
Binny's Beverage Depot
Groceries
15,017 visits/mo
0.5 miles
BP
Shops & Services
10,417 visits/mo
0.4 miles
dd's DISCOUNTS
Shops & Services
9,537 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding, fully equipped restaurant near Grand and Thatcher Avenue.
Where is this conventional restaurant located?
The property is located at 8341-8343 Grand Avenue River Grove, IL.
What are key features of this property?
This property features: Turnkey restaurant opportunity with a **fully equipped restaurant and bar.**; Completely remodeled in 2021.**; Three separate kitchens: main, dedicated gluten‑free, and second‑floor prep.
