Properties

Features
: Central Air , Central Individual
: Concrete , Vinyl , Other
: Storm Sewer
: Sewer Connected , Water Available
Address Map
US
IL
Cook
River Grove
60171
Grand
8324
Avenue
W88° 9' 56.8''
N41° 55' 42.5''
Cumberland/Thatcher south to Grand Ave 1 Block east to Site. NEC Marwood & Grand.
River Grove
MULTI
Additional Information
16000
: Brick , Concrete , Steel Siding , Wood
Circuit Breakers,Separate Meters,Service - 0 to 100 Amps,Over 600 Amps
: Concrete Perimeter
100X125X129X122
11
Retail
2
: Municipal Water
@properties Christie's International Real Estate
Connie Dornan
Financial
12778.59
Listing Information
Kostas Giannikoulis
46424
6186
@properties Christie's International Real Estate
36513
6186
Active
2026-06-16T05:06:07Z
MRED
2026-06-16T05:05:28Z
Property Description

Exceptional Mixed-Use Investment Opportunity – Fully Renovated 13,000+ SF Asset offering 8 Apartments, 3 Retail, Garage + Side Lot Parking. This extensively renovated mixed-use property offers a rare turnkey investment opportunity with significant capital improvements and strong long-term income potential. The building features 8 residential units, each offering 2 bedrooms and 2 full bathrooms with stainless steel appliance packages, quartz countertops, white shaker cabinetry, LVP flooring, porcelain-tiled bathrooms with tubs or walk-in showers, 2 Panel Logan Doors, Grohe Fixtures, Nickel Hardware, and individual HVAC systems. Newly installed TJI clear-span beams create impressive vaulted ceilings throughout the residential units. 3 Different Laundry Rooms on Main Floors for Groupings of Apartments + 8 indoor garage spaces dedicated to the residential component, along with a contiguous lot to the east featuring asphalt parking lot with approximately 15 additional spaces serving commercial or residential uses. New water service, individual electric metering, new windows, sprinklered system, new triple trap and floor drains for the indoor garage. Retail Stores total just over 4,000sf with 1,000sf extra if needed + over 6,700sf of Residential creating a favorable residential-to-retail ratio providing the benefit of multifamily-oriented real estate taxation. Strategically located on Grand Avenue, just two blocks from the River Grove Metra Station, the property enjoys outstanding visibility with over 22,000 vehicles per day on Grand and 26,000 on Thatcher/Cumberland. Well positioned within the heart of the area’s revitalized business district and surrounded by national retailers like Starbucks, Rosati’s, schools, and commuter traffic, the location supports a strong rental market and continued appreciation. An exceptional opportunity for investors or owner-users (Restaurant w/ Gaming License Income) or anyone seeking a high-quality asset with multiple income streams and value-add possibilities.

Commercial Sale For Sale

8324 Grand Avenue, River Grove, Illinois 60171

$3,200,000
Listing ID#12672284
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12672284
Price : $3,200,000
Year Built : 1943
Listing Status : Active
Roof : Composition
Contact Agent