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    River Grove, IL
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    River Grove, IL Restaurants for Sale

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    Franklin Park, IL Melrose Park, IL Chicago, IL
    Turnkey Restaurant in River Grove
    Updated: Mar 2
    Turnkey Restaurant in River Grove

    8347 Grand Avenue, River Grove, IL 60171

    $615,000
    2,850 sqft
    Turnkey restaurant property ready for immediate occupancy.
    Prime location in the heart of River Grove's Grand Ave retail corridor.
    2,850 SF freestanding building fully built out for restaurant use.
    Located next to Starbucks, benefiting from high foot traffic.
    Surrounded by established neighborhood businesses and a dense residential base.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    8347 Grand Avenue, River Grove, IL 60171

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    • Est. Cap Rate

      7.8%
      Above avg (5.9%)

    • Est. NOI

      $48K
      Annual

    • Mortgage

      $230K
      Mar 2021

    • Last Sold

      May 2021
      $500K

    • Property Type

      Retail Stores
      Built 1926
    View Property Analytics
    Turnkey Restaurant Opportunity in River Grove
    Updated: May 20
    Turnkey Restaurant Opportunity in River Grove

    8341-8343 Grand Avenue, River Grove, IL 60171

    Contact for pricing
    6,080 sqft
    Turnkey restaurant opportunity with a fully equipped restaurant and bar.
    Completely remodeled in 2021.
    Three separate kitchens: main, dedicated gluten‑free, and second‑floor prep.
    High‑traffic location at the intersection of Grand and Thatcher Avenues (53,000+ vehicles daily).
    C‑2 Commercial zoning with municipal approval for gaming.
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in River Grove, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Corner Development Site in Chicago
    Corner Development Site in Chicago

    7455 W Irving Park Road, Chicago, IL 60634

    $949,000
    4,055 sqft · 0.16 AC lot

    High-visibility corner lot with development potential in Belmont Heights/Dunning.

    View details
    Commercial Building in Chicago, IL
    Commercial Building in Chicago, IL

    7714 W Belmont Avenue, Chicago, IL 60634

    $399,999
    0.06 AC lot

    Commercial building suitable for stores, offices, restaurants, or medical use.

    View details
    Wingstop Restaurant in Schiller Park
    Wingstop Restaurant in Schiller Park

    9732 W. Irving Park Road |, Schiller Park, IL 60176

    $1,310,000
    1,400 sqft

    Single-tenant Wingstop restaurant in the Chicago MSA for sale.

    View details
    Schiller Park Commercial Opportunity
    Schiller Park Commercial Opportunity

    9845 Lawrence Avenue, Schiller Park, IL 60176

    $1,990,000
    0.45 AC lot

    Restaurant/Bar with Real Estate and Liquor License Included

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Melrose Park Land For Sale
    Melrose Park Land For Sale

    2305 N Mannheim Road, Melrose Park, IL 60164

    $1,100,000

    Commercial land available in Melrose Park, Illinois.

    View details
    Cicero Land For Sale
    Cicero Land For Sale

    5734 W Cermak Road, Cicero, IL 60804

    $649,000

    Land available in Cicero, Illinois.

    View details
    Land Near Eisenhower Expressway
    Land Near Eisenhower Expressway

    3159 W Madison Street, Chicago, IL 60612

    $250,000
    0.22 AC lot

    Commercial land available near public transportation in Chicago, Illinois.

    View details
    Vacant Lot in Chicago
    Vacant Lot in Chicago

    3153 W Madison Street, Chicago, IL 60612

    $125,000
    0.11 AC lot

    Development opportunity in East Garfield Park near Madison Street.

    View details

    River Grove, IL Restaurants Market Trends and Statistics

    Explore 2 restaurants for sale in River Grove, IL on our real estate platform. These investment opportunities span a total of 2,850 square feet of properties for sale, with an estimated market value of $615,000.

    Sale prices for restaurant properties in River Grove, IL start at $615,000, averaging $615,000, and reaching up to $615,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 2

    Demographics Overview

    Population 10K
    Population Growth (5Y) +3.3%
    Median Household Income $74,793
    College Educated 30.8%

    High-Yield Neighborhoods for Investment

    Identify River Grove submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60171 $650K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

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