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    1158 Dundee Rd Palatine, IL 60074

    For Sale
    Contact for pricing

    Turnkey Restaurant, High Traffic Area, Adjacent Lot

    Property size:
    1,744 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 1,744 square foot turnkey quick-service restaurant building in Palatine, Illinois. Situated on a one-acre parcel, this property includes a second, adjacent one-half acre lot previously improved for a similar use. The existing building offers immediate operational potential, benefiting from its prime location near major retailers such as Walmart, Target, Aldi, Jewel-Osco, and Home Depot, ensuring high daily traffic volume. The property's strategic positioning is further enhanced by its proximity—a half-mile west—to a full interchange with IL-53, providing excellent accessibility. Four points of access, including a convenient left turn into the site, contribute to ease of ingress and egress for customers and employees. The inclusion of the adjacent buildable lot presents significant expansion or development potential, making this a truly unique and versatile commercial property. The single-story building is situated in Cook County, Illinois, with the address being 1158 E Dundee Rd, Palatine, IL 60074.

    Property Features for 1158 Dundee Rd

    General Information

    Property type
    Restaurants
    Square Feet
    1,744 SF
    Lot Size
    43,560 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • 1,744 SF turnkey QSR building on a 1‑acre parcel (includes adjacent 0.5‑acre buildable lot, previously improved for QSR).
    • High traffic counts due to nearby Walmart, Target, Aldi, Jewel‑Osco, and Home Depot.
    • Located 0.5 miles west of IL‑53 full interchange.
    • Four points of access, including convenient left turn into the site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tore & Lukes Fast Food Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.015843872924
    Latitude
    42.139192121732

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    FAQs

    What type of property is this?
    Restaurant - Turnkey Restaurant, High Traffic Area, Adjacent Lot
    Where is this restaurant located?
    The property is located at 1158 Dundee Rd Palatine, IL.
    What are key features of this property?
    This property features: 1,744 SF turnkey QSR building on a 1-acre parcel (includes adjacent 0.5-acre buildable lot, previously improved for QSR).; High traffic counts due to nearby Walmart, Target, Aldi, Jewel-Osco, and Home Depot.; Located 0.5 miles west of IL-53 full interchange.
    (312) 458-4392
    Request Owner's contact information
    1158 Dundee Rd Palatine, IL 60074
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    Palatine, IL 60074
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1158 Dundee Rd Palatine, IL 60074
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