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Property profile & analytics
OFF-MARKET
Retail space

8801 Grand Ave River Grove, IL 60171-9800

0.35 ac lot Built 1990
Individually Owned 17-yr Hold Free & Clear
Property ID
US28-1829012
Property summary
AI-generated overview

This exceptional retail space, located at 8801 W Grand Ave in River Grove, Illinois, presents a fantastic opportunity for a discerning business owner. The property, built in 1990 (APN 12-27-407-041-0000), offers 2,250 square feet of versatile space currently configured as a convenience/liquor store. This adaptable layout allows for a seamless transition to suit a variety of retail concepts. The property's prime location at the heavily trafficked intersection of Grand Avenue and River Road ensures high visibility and significant foot traffic, maximizing exposure to potential customers. Situated in the 60171 zip code, this location benefits from excellent access to major roadways and a thriving local community. The multiple tenancy structure provides flexibility and potential for expansion or collaboration. This is an ideal opportunity to establish or expand a retail business in a high-demand area with a proven track record. The property is ready for immediate occupancy, offering a turnkey solution for a quick and efficient start-up. Don't miss this chance to secure a prime retail location in a bustling River Grove neighborhood.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1990
Lot 0.35 ac (15,405 SF)
APN 12-27-407-041
UPID US28-1829012
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
  • Max's Food and liquor Specialty Food Shop Wine and Liquor Store
  • CoinFlip Bitcoin ATM Business Banking Service Business To Business Service
  • 1111 Smoke Shop (Bike/Boat/Book/etc) Store
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
Dharmesh A Purohit · 17 yrs held
Dharmesh A Purohit
since 2009
3 recorded transactions
2009
$700,000
2006
$730,000
2003
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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