8166 Grand Avenue River Grove, IL $ 725,000
8166 Grand Avenue
$ 725,000
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8166 Grand Avenue

River Grove, IL, 60171
$ 725,000
Bedrooms-- Baths-- Sq 1,787

Monthly Estimate*

$ 4,578

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Commercial Property for sale in River Grove, IL

for $725,000. This 1,787 square foot building was built in 1996 on a lot size of 0.25.

Exceptional opportunity to own a fully equipped freestanding restaurant in the heart of River Grove on busy Grand Avenue. This turnkey commercial property is being sold with the complete restaurant equipment package, including the commercial kitchen, bar equipment, tables, chairs, and fixtures, allowing a new owner to begin operations with minimal startup costs. The property features 20 on-site parking spaces, with both front and rear parking, plus an additional parking lot of approximately 9,150 square feet, providing ample parking for customers, employees, and special events. Previously operated with a liquor license (buyer to verify eligibility and licensing requirements with the Village of River Grove). Excellent visibility, high daily traffic counts, and outstanding potential for a restaurant, cafe, sports bar, banquet venue, or other food and beverage concept. A rare opportunity to acquire a well-established restaurant property in a prime commercial corridor with exceptional exposure, generous parking, and convenient access to major highways.

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Commercial Active

Price

$ 725,000

Property Type

Commercial

Taxes

$ 26,868

Style

Food & Beverage

Lot Size

0.25

Year Built

1996

Town/City

River Grove

County/Region

Cook

MLS | Web ID

12721860

Features
General
Cooling Central Air
Year Built 1996
Electric Service - 201 to 600 Amps
Stories Count 1
Township Leyden
Property Subtype Business
Tax Year 2024
Gross Income 0
Business Type Food & Beverage
Additional Parcels Description 12264050120000
County Cook
Net Operating Income 0
Operating Expense 19657
Property Type Commercial Sale Industrial
Status Active
Directions Grand Ave just east of Thatcher Ave. Corner of Grand Ave & Clinton St.
City River Grove
MLS Area River Grove
Lot Size Square Feet 10890
Tax Annual Amount 26868.93
Additional Parcels Y/N Y
Leasable Area 1787
Standard Status Active
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Exterior
Building Area Total 1787
Lot Dimensions 125 x 88
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* Excluded Features
List By
Exit Grace Realty

Broker

paosellschicago@gmail.com

Email

Affordability Calculator

$6,817
Per Month
67%
33%
0%
Monthly Principal & Interest
$4,578
Monthly Property Taxes
$2,239
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/2/2026$725,000 Listed Price

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8166 Grand Avenue, River Grove, IL, 60171 is a Commercial Property for sale at $725,000 with 1,787 sqft and a lot size of 0.25. 8166 Grand Avenue was built in 1996. The property's zip code is 60171 which is in River Grove, IL