8347 Grand Ave, River Grove, IL 60171
For Sale
1 / 21
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.
-
Sama - Taproom & Kitchen Bar & Pub
-
Tipsy Goat Bar & Grill Bar & Pub 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
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.