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    Property profile & analytics
    FOR SALE
    Retail space

    8347 Grand Ave, River Grove, IL 60171

    0.07 ac lot Built 1926
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US28-0309331
    Property summary
    AI-generated overview

    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
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1926
    Lot 0.07 ac (3,125 SF)
    APN 12-26-409-003
    UPID US28-0309331
    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
    • Sama - Taproom & Kitchen Bar & Pub
    • Tipsy Goat Bar & Grill Bar & Pub 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
    8347 Grand INC · 5 yrs held
    8347 Grand INC
    since 2021
    Last sale
    $500,000
    7 recorded transactions
    2025
    2024
    2024
    2021
    $500,000
    2021
    2018
    2017
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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