2516 Harlem Ave 18 North Riverside, IL 60546-1415
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.
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Red Robin Gourmet Burgers and Brews Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.