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    River Grove, IL
    Retail

    River Grove, IL Retail Space for Sale

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    Elmwood Park, IL Franklin Park, IL Melrose Park, IL River Forest, IL Oak Park, IL Maywood, IL Bellwood, IL Forest Park, 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.
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    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
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    Grand Avenue Assemblage Opportunity
    Updated: May 18
    Grand Avenue Assemblage Opportunity

    8044 Grand Avenue, River Grove, IL 60171

    $799,000
    18,500 sqft 0.14 AC lot
    Large 18,500 SF assemblage with 150 feet of frontage on Grand Avenue.
    Prime C3 Heavy Commercial zoning allows for diverse opportunities.
    Package sale includes two improved commercial properties and one vacant parcel with private parking and rear alley access.
    Mix of retail, office, general commercial, mixed‑use, and residential tenants already in place.
    Excellent visibility and strong traffic exposure in a high‑demand commercial corridor.
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    Grand Avenue Commercial Portfolio
    Grand Avenue Commercial Portfolio

    8056 Grand Avenue, River Grove, IL 60171

    $799,000
    0.43 AC lot

    Three contiguous parcels on Grand Avenue in River Grove.

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    Grand Avenue Commercial Portfolio
    Grand Avenue Commercial Portfolio

    8044 Grand Avenue, River Grove, IL 60171

    $799,000
    0.42 AC lot

    Three contiguous parcels in River Grove for package sale.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Retail Corner Property
    Retail Corner Property

    2680 N River Road, River Grove, IL 60171

    $1,500,000
    3,550 sqft 0.37 AC lot

    High-traffic stoplight corner retail building with on-site signage and a street-level bus stop.

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    Based on your search, we've compiled 51 Potential Opportunities for your consideration. Besides 5 Active listings in River Grove, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 41 Off-Market properties to explore as potential leads, plus 1 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.

    River Forest Commercial Retail Investment
    River Forest Commercial Retail Investment

    7361 North Avenue, River Forest, IL 60305

    $600,000
    3,200 sqft 0.14 AC lot

    Two renovated storefronts with long-term tenants in River Forest.

    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
    One-Story Neighborhood Retail Store
    One-Story Neighborhood Retail Store

    7716 W Belmont Avenue, Chicago, IL 60634

    $289,000
    0.19 AC lot

    Single-story storefront with open layout, ADA bathroom, office/storage, central air, and street plus rear designated parking.

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    Signalized Corner Retail Space
    Signalized Corner Retail Space

    7929 North Avenue, River Forest, IL 60305

    Contact for pricing

    Retail space on a signalized hard corner at North Avenue and Thatcher Avenue within a dense retail corridor.

    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.

    PUD-Zoned Commercial Land with Frontage
    PUD-Zoned Commercial Land with Frontage

    3229 State Road 207, Elkton, FL 32033

    $1,599,000
    2.07 AC lot

    2.07-acre PUD-zoned parcel on State Hwy 207 with 360 feet of frontage and an on-site renovated 2012 home.

    View details

    Off-Market Properties in River Grove, IL

    Consider similar Off-Market properties in River Grove, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    8827 Grand Ave
    RETAIL STORES (PERSONAL SERVICES)

    8827 Grand Ave, River Grove, IL 60171-1388

    $800,000
    Estimated value
    View details
    8400 Grand Ave
    RETAIL STORES (PERSONAL SERVICES)

    8400 Grand Ave, River Grove, IL 60171-1416

    $900,000
    Estimated value
    0.44 AC lot
    View details
    8528 Grand Ave
    RETAIL STORES (PERSONAL SERVICES)

    8528 Grand Ave, River Grove, IL 60171-1437

    Value Estimation by Request
    0.09 AC lot
    View details
    8225 Grand Ave
    RETAIL STORES (PERSONAL SERVICES)

    8225 Grand Ave, River Grove, IL 60171-1517

    Value Estimation by Request
    0.10 AC lot
    View details
    8343 Grand Ave
    STORE, RETAIL OUTLET

    8343 Grand Ave, River Grove, IL 60171-1434

    $1,035,000
    Estimated value
    0.07 AC lot
    View details
    8341 Grand Ave
    RETAIL STORES (PERSONAL SERVICES)

    8341 Grand Ave, River Grove, IL 60171

    $900,000
    Estimated value
    0.07 AC lot
    View details
    8347 Grand Ave
    RETAIL STORES (PERSONAL SERVICES)

    8347 Grand Ave, River Grove, IL 60171-1434

    Value Estimation by Request
    0.07 AC lot
    View details
    8383 Belmont Ave
    STORE, RETAIL OUTLET

    8383 Belmont Ave, River Grove, IL 60171-1000

    Value Estimation by Request
    0.25 AC lot
    View details
    8488 Grand Ave
    RETAIL STORES (PERSONAL SERVICES)

    8488 Grand Ave, River Grove, IL 60171-1436

    Value Estimation by Request
    0.17 AC lot
    View details
    1908 5th Ave
    RETAIL STORES (PERSONAL SERVICES)

    1908 5th Ave, River Grove, IL 60171-1906

    Value Estimation by Request
    1.04 AC lot
    View details
    8901 Grand Ave
    RETAIL STORES (PERSONAL SERVICES)

    8901 Grand Ave, River Grove, IL 60171-1322

    Value Estimation by Request
    0.07 AC lot
    View details
    8515 Grand Ave
    RETAIL STORES (PERSONAL SERVICES)

    8515 Grand Ave, River Grove, IL 60171-1406

    Value Estimation by Request
    0.21 AC lot
    View details
    8359 Grand Ave
    RETAIL STORES (PERSONAL SERVICES)

    8359 Grand Ave, River Grove, IL 60171-1434

    Value Estimation by Request
    0.31 AC lot
    View details
    8166 Grand Ave
    RETAIL STORES (PERSONAL SERVICES)

    8166 Grand Ave, River Grove, IL 60171-1521

    Value Estimation by Request
    0.14 AC lot
    View details
    8209 Grand Ave
    RETAIL STORES (PERSONAL SERVICES)

    8209 Grand Ave, River Grove, IL 60171-1517

    Value Estimation by Request
    0.07 AC lot
    View details
    8978 Grand Ave
    RETAIL STORES (PERSONAL SERVICES)

    8978 Grand Ave, River Grove, IL 60171-1341

    Value Estimation by Request
    0.07 AC lot
    View details
    8978 Grand Ave
    RETAIL STORES (PERSONAL SERVICES)

    8978 Grand Ave, River Grove, IL 60171-1341

    Value Estimation by Request
    0.06 AC lot
    View details
    2672 Riv Rd
    STORE, RETAIL OUTLET

    2672 Riv Rd, River Grove, IL 60171-1667

    Value Estimation by Request
    0.25 AC lot
    View details
    2672 Riv Rd
    STORE, RETAIL OUTLET

    2672 Riv Rd, River Grove, IL 60171-1667

    Value Estimation by Request
    0.10 AC lot
    View details

    River Grove, IL Retail Space Market Trends and Statistics

    Explore 46 retail space for sale in River Grove, IL, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 24,900 square feet of properties for sale, with an estimated market value of $4,512,000.

    Sale prices for retail space in River Grove, IL start at $615,000, averaging $902,400, and reaching up to $1,500,000 — 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

    Automotive properties 2
    Storefront properties 2
    Auto shops 1

    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 $761.8K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

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