8347 Grand Avenue, River Grove, IL 60171
Freestanding 2,850 SF restaurant property ready for immediate occupancy.
- Added:
- Mar 2, 2026
- Days on Market:
- 123
- Last Refresh:
- Mar 16 at 1:52 pm
Property Features for 8347 Grand Avenue
General Information
- Standard status
- Active
- Size
- 2,850 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1950
Listing office Brookline Real Estate (630) 590-5910
Listing date Mar 2, 2026
Source Crexi
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HighLights
- Turnkey restaurant property ready for immediate occupancy.
- Prime location in the heart of River Grove's Grand Ave retail corridor.
- 2,850 SF freestanding building fully built out for restaurant use.
- Located next to Starbucks, benefiting from high foot traffic.
- Surrounded by established neighborhood businesses and a dense residential base.
- Suitable for restaurant operators, investors, or owner‑users.
Overview
Local Financial Insights For Specialty Retail
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 | $68.4k | $24.00 |
| − Vacancy | −$4.8k | −$1.68 |
| EGI | $63.6k | $22.32 |
| − OpEx | −$15.9k | −$5.58 |
| NOI | $47.7k | $16.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- River Grove
- County
- Cook
- State
- Illinois
- Longitude
- -87.8351706
- Latitude
- 41.9283443
