For Sale
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Property summary
This 2,820 square foot free-standing restaurant building, situated on a 0.07-acre lot in River Grove, Illinois (APN: 12-26-409-003-0000), presents a unique investment opportunity. Built in 1950 and renovated in 2020, the property boasts a newly remodeled storefront and is zoned C2. The single-story building features an open floor plan with 10-foot ceilings, a large bar with 16 tap lines and seating for 12, and a functional kitchen equipped with a 12-foot hood. All furniture, fixtures, and equipment (FF&E) are included, along with five gaming machines, providing an additional revenue stream. The rear parking area offers potential for patio seating expansion, complemented by an adjacent free public parking lot. The property's location on heavily traveled Grand Avenue, near a Starbucks with a drive-thru, Franklin Park, and Triton College, ensures high visibility and accessibility. The 0.93 FAR allows for potential redevelopment. This prime location is ideal for restaurant/bar operators and investors seeking a turn-key operation or a redevelopment project in a thriving area with convenient access to major roadways and public transportation.
Property profile
VerifiedCap rate & NOI
Current use
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Bar & Pub
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Bar & Pub Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the River Grove market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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