River Grove Commercial Investment
For Sale
Under Contract
$375,000
8517 W Grand Avenue, River Grove, IL 60171
COMMERCIAL - River Grove, IL
Lot Size0.30 Acres
Days on Market126
Property Features for 8517 W Grand Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
COMMR
Directions
Thatcher to Grand West to Property
Subdivision
River Grove
Standard status
Active Under Contract
APN
12363090610000
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
12111
Utilities
Utilities
Natural Gas Available
Cooling system
Central Air
Building Details
Year built
1993
Floors in Building
1
Number of units
3
Flooring type
Concrete
Building materials
Brick
Roof type
Fiberglass
Listing Agency:
Caporale Realty Group
(708) 456-1919
Listed By:
Gabe Caporale · License #471015147
(708) 456-1919
Added: Mar 27
Changed: May 14
Last Checked: Jul 30 at 6:06PM
MLS# 12603400
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property in River Grove, IL, presents a versatile investment opportunity with potential for conversion into three separate rental units or maintaining it as one large income-producing property. The interior, free of bearing walls, offers a customizable space suitable for various visions. Currently configured with one residential unit, the property requires de-conversion. Quality construction is evident throughout. Ample parking is available for over 20 vehicles, making it suitable for multi-unit use, business operations, or mixed-use possibilities. The property is located in Cook County and has COMMR zoning. The lot size is 0.3 acres.
Key Highlights
- Versatile investment opportunity suitable for conversion into three separate rental units or maintaining as one large income‑producing property.
- Ample parking for 20+ vehicles, ideal for multi‑unit use, business operations, or mixed‑use possibilities.
- Interior with no bearing walls provides a blank canvas for customization.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
520
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
Market
Properties on Market for Mixed-use properties in Cook County
Vacancy Rate% for Office 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?
Mixed-use property - Versatile property with potential for rental units or business operations.
Where is this mixed-use property located?
The property is located at 8517 W Grand Avenue River Grove, IL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Versatile investment opportunity suitable for conversion into three separate rental units or maintaining as one large income‑producing property.; Ample parking for 20+ vehicles, ideal for multi‑unit use, business operations, or mixed‑use possibilities.; Interior with no bearing walls provides a blank canvas for customization.
