Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Bar & Pub Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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