60 Bothwell St Palatine, IL 60067-5002
Property profile & analytics
60 Bothwell St Palatine, IL 60067-5002
- Residential income homes
- 1,840 SF
- 0.08 lot acres
Property ID
US28-2485245
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Lamplighter Inn Tavern & Grille / Bar & Pub / Restaurant
Property Details for 60 Bothwell St
- Year built
- 1889
- Construction
- FRAME
- Lot size
- 0.08 lot acres
- Property size
- 1,840 SF
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 02-15-423-004
- APU
- 215423004
Description
This exceptional turnkey restaurant opportunity in downtown Palatine, Illinois, presents a rare chance to acquire a thriving business. Located at 60 N Bothwell St and 41 W. Wilson St, this property boasts 7,709 square feet on a 0.08-acre lot. The main building, completely renovated in 2000 (with prior construction dates of 1859 and 1960), features a fully furnished bar and dining area, all in excellent condition. A significant asset is the large banquet room, complete with its own bar and entertainment stage, ideal for private events and increased revenue streams. The basement houses two commercial-size freezers, providing ample storage capacity. The property's prime location is just one block from the Metra station, ensuring convenient access for patrons and employees. Furthermore, the property's strategic position is enhanced by its proximity to new developments, promising continued growth and high foot traffic. Adding to the investment potential, the property also includes two two-bedroom, one-bathroom apartments located at 41 W. Wilson St, providing additional rental income. Currently operating at 100% occupancy, this restaurant presents a compelling investment opportunity with significant upside potential. The asking price is $1,975,000. This is a truly exceptional opportunity to acquire a well-established, profitable restaurant in a vibrant and growing community.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Palatine
- County
- Cook
- State
- Illinois
- Longitude
- -88.0452
- Latitude
- 42.112
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$7,160
$2,113
$22,886
$24,999
-
$21,130
$228,860
$249,990
