Property profile

8044 Grand Ave River Grove, IL 60171

FOR SALE
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Property ID
US28-1608220
2,431 SF 0.14 ac Built 1931
Last sale Jun 2010
Trust Owned Owner of record is a trust. 16-yr Hold Held for 16 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

This mixed-use assemblage consists of three contiguous, separately deeded parcels (8044, 8050, and 8056 Grand Avenue) in River Grove, offered as a combined package. The portfolio totals approximately 18,500 square feet and includes two improved commercial properties and one vacant parcel, with private parking and access from a rear alley. The properties have nearly 150 feet of frontage along Grand Avenue and are configured for a range of uses, reflecting existing occupancy that spans retail,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$18k
Tax billed · 2022
Assessed value$56k
Assessed land$13k
Assessed improvement$43k
Effective rate31.70%

Value estimate

· Nov 2026
$245k
$221k – $270k
AI approach$320k
NOI build-up
Gross scheduled income$95k
Vacancy & credit loss−$9k
Operating expenses−$32k
NOI · 6.65% cap applied$53k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$78/SF
County average, outlier-cleaned · 1153 recorded sales of this use type
Observed band · Q1–Q3$33 – $146
Qualifying comparables11

Cap rate analysis

How does the asset earn?
6.65%
$53k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office12.0
Law Firm12.0
Bakery10.7

Location

8044 Grand Ave River Grove, IL 60171
County assessor Recorded deeds · 1 transfer 11 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8256 Grand Ave, River Grove, IL 60171-1540 $300,000 Dec 2025 No data
2314 Riv, River Grove, IL 60171-1848 $1,750,000 Nov 2021 No data
1810 5th, River Grove, IL 60171-1905 $4,600,000 Nov 2021 No data
8999 Palmer, River Grove, IL 60171-1926 $32,000,000 Nov 2021 No data
3060 Riv, River Grove, IL 60171-1009 $285,000 Oct 2021 No data
3050 Riv, River Grove, IL 60171-1009 $7,749,000 Oct 2021 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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