Property profile

60 Bothwell St Palatine, IL 60067

OFF-MARKET
Residential income homes
Property ID
US28-2485245
1,840 SF 0.08 ac lot Built 1889
Trust Owned 6-yr Hold
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Property summary

AI-generated overview

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

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1889
Construction FRAME
Total area 1,840 SF
Lot 0.08 ac (3,522 SF)
APN 02-15-423-004
UPID US28-2485245

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub Restaurant

Location

60 Bothwell St Palatine, IL 60067-5002
Palatine metro Census 803701 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2020
7 recorded transactions
2020
Price N/A
2019
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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