High Volume Italian Rest with Property! | 8341 Grand Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
High Volume Italian Rest with Property! 8341 Grand Ave
6,080 SF Retail Building River Grove, IL 60171 $1,200,000 ($197/SF)
Investment Highlights
- Freestanding Building At The Intersection Of Grand Avenue & Thatcher Ave With Over 53,000 VPD
- Full-Service Restaurant With A Full-Service Bar - Remodeled In 2021
- Boasts 3 Kitchens With 4 Walk-In Coolers/Freezers: Main Kitchen, Separate Gluten Free Kitchen & 2nd Floor Prep Kitchen
- And Across 2 Busy Plazas + Walking Distance To The Metra Station
- 2 Dining Rooms + Beautiful Private All-Season Banquet Room & Convenient Carryout Area
- Sales Over $1,500,000 - For Additional Revenue Can Expand Business Hours To Include Lunch - Can Also Add Gaming
Executive Summary
High-Volume Well-Established Italian Restaurant/Pizzeria With Property - River Grove, IL!
Featuring a menu of fresh, seasonal rustic Italian cuisine and amazing pizza with an impressive wine list. Offering delicious appetizers, homemade soups, pasta, chicken & seafood specialties, veal dishes, sandwiches, thin-crust pizzas, sides and desserts. Along with an incredible gluten free menu!
Full-service restaurant with a full-service bar. Dine-in, carryout, pickup and in-house delivery, plus catering. Online ordering also available.
Remodeled in 2021. Warm and inviting interior. Ample seating in 2 dining rooms, plus a beautiful private all-season banquet room. Also, a convenient carryout area.
Boasts 3 kitchens with 4 walk-in coolers/freezers: a main kitchen, a separate gluten free kitchen and a 2nd floor prep kitchen with exhaust hood, walk-in cooler/freezer and more!
Well established over 21 years. Current owner over 3 years. Independent - no royalty, advertising or transfer fee.
Location: Prime retail space in a freestanding building with convenient shared municipal parking in the rear. At the intersection of Grand Avenue with over 22,000 vehicles per day and Thatcher Ave/N 1st Ave with over 31,000 vehicles per day. Adjacent Novelli’s Barber Salon, Sama Taproom & Kitchen, Visionman Optical and Starbucks. And across two busy plazas. Plus, walking distance to the Metra station.
Also, surrounded by a very dense residential area!
Year Established: 2003 (Current Owner 2021).
Property Information: One and part two-story commercial building. Built in 1963. On .07 lot. Plenty of free parking from the village. 2022 real estate taxes $52,000.
Square Feet: 6,080.
Seating: 180.
Owners Role: Owner operated.
Gross Sales: (Asset Sale).
Net Operating Income: (Asset Sale).
Value of FF&E: Included In Asking Price (Valued at $150,000).
Seller Financing Available: No.
Reasons for Selling: Other interests.
Competition/Market: Specializing in gourmet Italian cuisine and fantastic thin-crust pizza. Authentic Italian dishes. Everything fresh and delicious. Plus, a vast array of gluten options. A pioneer/leader in gluten free Italian foods! Also, known for their attentive service and fast hot delivery.
Featured In Chicago Tribune, The Chicago Magazine, USA Today, The Hungry Hound and Check Please!
Growth & Expansion: Ideal location. Local favorite. Great neighborhood place. Staple in the community. Area gem. THE place for Italian. And THE place for gluten free Italian. A must try. Best Italian and pizza around. Also, huge carryout/delivery and catering business.
Highly rated & recommended, great long-time reputation to continue to build upon!
For additional revenue can expand business hours to include lunch. Can also add gaming.
Feel free to stop by the location first. This is a HIGHLY confidential listing. If interested, contact EatZ for more information. Showings by appointment only.
Listed by Pat Mahoney & Tom Traina at EatZ & Associates/EatZ Real Estate Group
Featuring a menu of fresh, seasonal rustic Italian cuisine and amazing pizza with an impressive wine list. Offering delicious appetizers, homemade soups, pasta, chicken & seafood specialties, veal dishes, sandwiches, thin-crust pizzas, sides and desserts. Along with an incredible gluten free menu!
Full-service restaurant with a full-service bar. Dine-in, carryout, pickup and in-house delivery, plus catering. Online ordering also available.
Remodeled in 2021. Warm and inviting interior. Ample seating in 2 dining rooms, plus a beautiful private all-season banquet room. Also, a convenient carryout area.
Boasts 3 kitchens with 4 walk-in coolers/freezers: a main kitchen, a separate gluten free kitchen and a 2nd floor prep kitchen with exhaust hood, walk-in cooler/freezer and more!
Well established over 21 years. Current owner over 3 years. Independent - no royalty, advertising or transfer fee.
Location: Prime retail space in a freestanding building with convenient shared municipal parking in the rear. At the intersection of Grand Avenue with over 22,000 vehicles per day and Thatcher Ave/N 1st Ave with over 31,000 vehicles per day. Adjacent Novelli’s Barber Salon, Sama Taproom & Kitchen, Visionman Optical and Starbucks. And across two busy plazas. Plus, walking distance to the Metra station.
Also, surrounded by a very dense residential area!
Year Established: 2003 (Current Owner 2021).
Property Information: One and part two-story commercial building. Built in 1963. On .07 lot. Plenty of free parking from the village. 2022 real estate taxes $52,000.
Square Feet: 6,080.
Seating: 180.
Owners Role: Owner operated.
Gross Sales: (Asset Sale).
Net Operating Income: (Asset Sale).
Value of FF&E: Included In Asking Price (Valued at $150,000).
Seller Financing Available: No.
Reasons for Selling: Other interests.
Competition/Market: Specializing in gourmet Italian cuisine and fantastic thin-crust pizza. Authentic Italian dishes. Everything fresh and delicious. Plus, a vast array of gluten options. A pioneer/leader in gluten free Italian foods! Also, known for their attentive service and fast hot delivery.
Featured In Chicago Tribune, The Chicago Magazine, USA Today, The Hungry Hound and Check Please!
Growth & Expansion: Ideal location. Local favorite. Great neighborhood place. Staple in the community. Area gem. THE place for Italian. And THE place for gluten free Italian. A must try. Best Italian and pizza around. Also, huge carryout/delivery and catering business.
Highly rated & recommended, great long-time reputation to continue to build upon!
For additional revenue can expand business hours to include lunch. Can also add gaming.
Feel free to stop by the location first. This is a HIGHLY confidential listing. If interested, contact EatZ for more information. Showings by appointment only.
Listed by Pat Mahoney & Tom Traina at EatZ & Associates/EatZ Real Estate Group
Taxes & Operating Expenses (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$52,000
|
$8.55
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$52,000
|
$8.55
|
Taxes & Operating Expenses (Actual - 2022)
| Taxes | |
|---|---|
| Annual | $52,000 |
| Annual Per SF | $8.55 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $52,000 |
| Annual Per SF | $8.55 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
6,080 SF
Building Class
B
Year Built
1963
Price
$1,200,000
Price Per SF
$197
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Land Acres
0.14 AC
Zoning
C-2 - Commercial
Frontage
50 FT on Grand Avenue
Amenities
- Restaurant
- Signage
- Air Conditioning
Walk Score ®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 12-26-409-006-0000 | Total Assessment | $66,781 (2023) |
| Land Assessment | $13,477 (2023) | Annual Taxes | $52,000 ($8.55/SF) |
| Improvements Assessment | $53,304 (2023) | Tax Year | 2022 Payable 2023 |
PROPERTY TAXES
Parcel Number
12-26-409-006-0000
Land Assessment
$13,477 (2023)
Improvements Assessment
$53,304 (2023)
Total Assessment
$66,781 (2023)
Annual Taxes
$52,000 ($8.55/SF)
Tax Year
2022 Payable 2023
-
Tom Traina -
EatZ Real Estate Group LLC
1 of 16
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
High Volume Italian Rest with Property! | 8341 Grand Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.