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$725,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 8166 Grand Ave
General
- Price: $725,000
- Taxes: $26,868 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12721860
- Updated: 8/2/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Food & Beverage
Additional Information
- Security/Safety: Alarm on Site, Fire Extinguisher(s), Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Location
- Area: River Grove
- County: Cook
- Township: Leyden
- Driving Directions: Grand Ave, just east of Thatcher Ave. Corner of Grand Ave & Clinton St.
- Location Details: North Suburban
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Stories/Levels: 1
- Square Feet: 1,787
- Year Built: 1996
Lot Features
- Lot Size (Sq. Ft.): 10,890
- Lot Dimensions: 125 x 88
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $19,657
- Security Deposit: Alarm On Site, Fire Extinguisher/s, Smoke or Fire Protectors, Carbon Monoxide Detector(s)
- Assessment Year: 1996
- Tax Amount: $26,868.93
- Tax Year: 2024
Disclosures and Reports
- Property ID: 12264050130000
Listed by Exit Grace Realty
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Schools
Schools serving 8166 Grand Ave
School Districts:River Grove School District 85-5, Leyden Community High School District 212
| Name | Grades | Distance |
|---|---|---|
River Grove Elementary School 2650 North Thatcher Avenue, River Grove, IL 60171 | PK-8 | 0.3 mi |
East Leyden High School 3400 Rose Street, Franklin Park, IL 60131 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8166 Grand Ave
Date
Details
Price
Change
Source
8/01/2026
Listed
$725,000
81.25%
MLS
6/29/2023
Sold
$400,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 8166 Grand Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$6,546
—
$14,842
-27%
2023
$6,546
2%
$20,244
—
2022
$6,418
-14%
$20,244
2%
2021
$7,494
5%
$19,930
—
2020
$7,119
14%
$19,930
—
2019
$6,249
29%
$19,931
43%
2018
$4,837
1%
$13,944
—
2017
$4,779
13%
$13,944
—
2016
$4,232
—
$13,944
7%
2015
$4,229
1%
$13,074
—
2014
$4,190
4%
$13,074
—
2013
$4,020
12%
$13,074
-1%
2012
$3,579
—
$13,250
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8166 Grand Ave
8166 Grand Avenue, River Grove, IL 60171 (MLS# 12721860) is a Commercial property. 8166 Grand Avenue is currently listed for $725,000 and was received on August 01, 2026. Want to learn more about 8166 Grand Avenue? Do you have questions about finding other Commercial real estate for sale in River Grove? You can browse all River Grove real estate or contact a Coldwell Banker agent to request more information.

