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Listing provided courtesy of Brookline Real Estate LLCMREDas Distributed by MLSGrid- MLS# 12585283MLS Provider

8347 Grand AvenueRiver Grove, IL 60171

Commercial · 2,850 Sq. ft.
$615,000 Active

8347 Grand Avenue Overview

Time on Site:
116 days
Visits:
1

Rare opportunity to acquire a turnkey restaurant property in the heart of River Grove's Grand Ave retail corridor. This 2,850 SF freestanding building is fully built out for restaurant use and ready for immediate occupancy, allowing a new operator to step in with minimal downtime. Located next to Starbucks and surrounded by established neighborhood businesses, the site benefits from strong daily traffic and a dense surrounding residential base. Ideal for restaurant operators, investors, or owner-users seeking a move-in-ready concept in a well-trafficked retail corridor.

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8347 Grand Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 2,850
  • Price/Sq.ft. $216

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Net Operating Income: 0

Building Information

  • Year Built: 1950

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: River Grove
  • Township: Leyden

Tax Information

  • Tax Annual Amount: $23,136.00
  • Tax Year: 2024

General Information

  • Parcel Number: 12264090030000
  • Property Sub Type: Restaurant
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 2850

General Information

  • Cooling: Central Air
  • Electric: Other
  • Leasable Area: 0
  • Stories: 1

Unit Information

  • Unit SqFt.: 2850

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 25x130
  • Lot Size Square Feet: 3125

8347 Grand Avenue Neighborhood

Community

60171 (River Grove) Demographics

36
Median Age
4,410
Population Density (per sq. mile)
27%
College Educated
$63,193
Estimated Median Income
2,317
Estimated Total Home Owners
1,325
Estimated Total Renters
64% / 36%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

8347 Grand Avenue Monthly Cost

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Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

8347 Grand Avenue Market Data

Based on the last 30 days in this zip code

$380,884
Average List Price
$294
Average Price per Square Foot
14
Properties Sold
48
Average Days on Market
26
Properties for Sale
Calculations provided by Reliance Network

8347 Grand Avenue History

Date Event Value Agent
5/20/2026Source: MRED Status Change
Active
5/15/2026Source: MRED Price Reduction
$615,000 -5.4%
5/15/2026Source: MRED Status Change
Price Change
3/11/2026Source: MRED Status Change
Active
3/6/2026Source: MRED Added to Database
March 06, 2026