8527 Grand Ave - Storefront Retail/Office FOR SALE


River Grove, IL 60171
$1,900,000 USD
630-209-8029
8527 Grand Ave, River Grove, IL for Sale
$1,900,000 USD
Storefront Retail/Office - FOR SALE
1/8
null | Request Cap Rate

8527 Grand Ave
River Grove, IL 60171


HIGHLIGHTS

  • Flexible layout supports retail, office, service, and light manufacturing uses.
  • Existing office improvements support immediate occupancy.
  • Security system, exterior lighting, and off-street parking are installed.
  • Positioned along Grand Avenue within an established mixed-use commercial corridor.

OVERVIEW

8527 Grand Avenue presents an opportunity to acquire a versatile commercial flex property positioned along a well-traveled corridor in River Grove, Illinois. The property has historically accommodated a variety of commercial uses, including retail, service, light manufacturing, and office operations, offering flexibility for owner-users, investors, or businesses seeking a facility that can support evolving operational needs. The improvements include existing office space together with newly remodeled laboratory and production areas supported by substantial power infrastructure. A detached two-car garage provides additional storage, workspace, or covered parking functionality, while the property is further enhanced by a security system, exterior lighting, and ample off-street parking. These features support a wide range of commercial and light industrial applications without requiring significant immediate capital improvements. Located along Grand Avenue, the property benefits from visibility within an established mixed-use corridor that includes residential neighborhoods, retail establishments, service providers, and commercial businesses. The surrounding environment contributes to consistent local activity and convenient access to nearby communities throughout Chicago's western suburbs. Its adaptable layout, existing improvements, and established commercial setting position the asset as a practical opportunity for businesses seeking operational flexibility or investors pursuing a property with multiple potential occupancy strategies.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$140 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

C-1

APN/PARCEL ID

12-26-309-009-0000,12-26-309-012-0000

ASK ABOUT THIS PROPERTY

Beth PetriCaton Commercial Real Estate GroupMore Info
630-209-8029

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Beth PetriCaton Commercial Real Estate GroupMore Info
630-209-8029

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.