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Property profile & analytics
OFF-MARKET
Retail space

2516 Harlem Ave 18 North Riverside, IL 60546-1415

Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US28-4462153
Property summary
AI-generated overview

This exceptional 1.06-acre commercial ground lease opportunity in Riverside, Illinois, presents a unique chance to develop a build-to-suit property. The existing 5,964 square foot building, formerly a full-service restaurant, boasts unparalleled visibility on Harlem Avenue, a high-traffic thoroughfare with 33,700 vehicles per day. Its strategic location within a thriving retail hub offers significant advantages. The property is situated as an outlot of the North Riverside Costco, attracting 2.8 million annual visitors, and enjoys close proximity to the North Riverside Park Mall (1.2 million annual visitors) and Morton West High School (3,580 students). Multiple access points from Harlem Avenue and 26th Street ensure convenient customer access. The property is categorized as Retail, Land, and Restaurant, suitable for a single tenant. Located at 2516 S Harlem Ave, Riverside, IL 60546, in Cook County, this site offers a compelling combination of high visibility, strong demographics, and convenient access, making it an ideal location for a variety of retail or restaurant concepts. The property is vacant and ready for immediate development.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
APN 15-25-201-025
UPID US28-4462153
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Red Robin Gourmet Burgers and Brews Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Pinecrest Associates LLC · 1 yrs held
Pinecrest Associates LLC
since 2024
1 recorded transaction
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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