8347 W Grand Ave
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8347 W Grand Ave
2,850 SF Retail Building River Grove, IL 60171 $642,575 ($225/SF)
Investment Highlights
- Open floor plan with 10ft ceiling height, large bar with 16 tap lines and seating for 12
- Functional kitchen with 12 ft hood
- All FF&E in place including 5 gaming machines
- Access to free parking lot in rear
Executive Summary
2,850 SF Free-Standing Restaurant Building on 3,049 SF (0.07 AC) of land with all FF&E in place and a newly remodeled storefront. Gaming approved! Rear parking area can be converted to patio seating. River Grove free public parking lot with plenty of spaces is adjacent to the patio area and customers can enter through Grand Avenue or from the parking area. An easy re-concept for any restaurant/bar user. The property also offers a FAR of 0.93 allowing for potential re-development. The current tenant has gaming machines as an added revenue source.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,850 SF
Building Class
B
Year Built/Renovated
1950/2018
Price
$642,575
Price Per SF
$225
Tenancy
Single
Building Height
1 Story
Building FAR
0.93
Lot Size
0.07 AC
Zoning
C2 - Commercial
Parking
6 Spaces (2.11 Spaces per 1,000 SF Leased)
Frontage
150 FT on Grand Ave
Amenities
- Restaurant
- Air Conditioning
Walk Score ®
Very Walkable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 12-26-409-003-0000 | Improvements Assessment | $58,069 |
| Land Assessment | $13,477 | Total Assessment | $71,546 |
PROPERTY TAXES
Parcel Number
12-26-409-003-0000
Land Assessment
$13,477
Improvements Assessment
$58,069
Total Assessment
$71,546
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8347 W Grand Ave
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