60 Bothwell St Palatine, IL 60067-5002

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.

Location Insight

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