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    Palatine, IL
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    Palatine, IL Restaurants for Sale

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    Barrington, IL Rolling Meadows, IL Schaumburg, IL
    Iconic Palatine Commercial Redevelopment Opportunity
    $2,500,000
    21,500 SF

    Iconic Palatine Commercial Redevelopment Opportunity

    180 N Smith St, Palatine, IL

    21,500 SF building with redevelopment potential in downtown Palatine.

    • Approved for redevelopment with a 6‑story mixed‑use building including 52 residential units and 9,900 sq ft of commercial space.
    • Existing iconic bar/restaurant (Durty Nellies) with full kitchen and 7,000 sq ft entertainment venue including a rooftop deck.
    • Prime downtown Palatine location across from the train station.
    • Includes an adjacent 2,500 sq ft bank with a drive‑thru lane.
    • Sits on a one‑acre lot with 42 surface parking spaces.
    Updated: Jul 4, 2025
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    Turnkey Restaurant with Drive-Thru
    Contact for pricing
    1,744 SF

    Turnkey Restaurant with Drive-Thru

    1158 E Dundee Rd, Palatine, IL

    1,744 SF restaurant with drive-thru on half-acre lot.

    • Turnkey, 1,744 SF drive‑thru restaurant building.
    • Includes adjacent buildable half‑acre lot.
    • High‑traffic location near Walmart, Target, Aldi, Jewel‑Osco, and Home Depot.
    • Located half‑mile from IL‑53 interchange.
    • Half‑acre parcel.
    Updated: May 2, 2025
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    Retail, Land, Special Purpose
    $2,500,000
    21,500 SF

    Retail, Land, Special Purpose

    Mixed-use properties · 21,500 SF

    180 N Smith St, Palatine, IL 60067
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    Turnkey Restaurant with Drive-Thru
    Contact for pricing
    1,744 SF

    Turnkey Restaurant with Drive-Thru

    1,744 SF restaurant with drive-thru on half-acre lot.

    1158 E Dundee Rd, Palatine, IL 60074
    View details
    Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 4 Active listings in Palatine, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Lazy Dog Ground Lease Opportunity
    Contact for pricing

    Lazy Dog Ground Lease Opportunity

    20-year absolute net ground lease with rental increases.

    51 Mchenry Rd, Buffalo Grove, IL 60089
    View details
    Turnkey Restaurant Business For Sale
    $159,900
    12,000 SF

    Turnkey Restaurant Business For Sale

    Well-established restaurant business with consistent revenue in prime location.

    1000-1034 Weiland Rd, Buffalo Grove, IL
    View details
    Commercial Kitchen and Commissary Space
    Contact for pricing
    23,400 SF

    Commercial Kitchen and Commissary Space

    23,400 SF commercial space with kitchen and cooler.

    1151 Rohlwing Rd, Rolling Meadows, IL 60008
    View details
    Established Boba Tea Business
    $75,000
    1,000 SF

    Established Boba Tea Business

    Stable boba tea business with equipment and favorable lease.

    3004-3266 Kirchoff Rd, Rolling Meadows, IL
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Palatine Land For Sale
    $514,000
    3.20 Acres

    Palatine Land For Sale

    3.2 acre commercial land available in Palatine, Illinois.

    20638 Lake Cook Road, Palatine, IL 60074
    View details
    Commercial Land in Itasca, IL
    Contact for pricing
    0.17 Acres

    Commercial Land in Itasca, IL

    Commercial land available for sale in Itasca, Illinois.

    100 S Walnut Street, Itasca, IL 60143
    View details
    Commercial Land Near Retail
    $599,832
    1.97 Acres

    Commercial Land Near Retail

    1.97 acre commercial development land near established retailers.

    Lots 2-3 4 Northwest Highway, Cary, IL 60013
    View details
    Island Lake Commercial Land Available
    $1,500,000
    7.51 Acres

    Island Lake Commercial Land Available

    Highly visible 7.5 acre commercial land for sale.

    NEC Route 176 & Westridge Drive, Island Lake, IL 60042
    View details

    Off-Market Properties in Palatine, IL

    Consider similar Off-Market properties in Palatine, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1506 Algonquin Rd

    1506 Algonquin Rd

    Restaurants • 2,000 SF
    Value Estimation by Request
    1506 Algonquin Rd, Palatine, IL 60067
    View details
    700 Euclid Ave

    700 Euclid Ave

    Lifestyle centers • 127,973 SF
    Value Estimation by Request
    700 Euclid Ave, Palatine, IL 60067
    View details
    270 Northwest Hwy

    270 Northwest Hwy

    Individual retail properties • 4,305 SF
    Value Estimation by Request
    270 Northwest Hwy, Palatine, IL 60067
    View details
    1960 Rand Rd

    1960 Rand Rd

    Restaurants • 5,850 SF
    Value Estimation by Request
    1960 Rand Rd, Palatine, IL 60074
    View details

    Palatine, IL Restaurants Investment Opportunities Market Analysis

    Explore 8 restaurants for sale in Palatine, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 43,000 square feet of properties for sale, with an estimated market value of $5,000,000.

    Sale prices for restaurant properties in Palatine, IL start at $2,500,000, averaging $2,500,000, and reaching up to $2,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Drive through restaurants 3
    Bars & Pubs 2

    Demographics Overview

    Population 74K
    Population Growth (5Y) -4.1%
    Median Household Income $102,227
    College Educated 19.9%

    High-Yield Neighborhoods for Strategic Investment

    Identify Palatine submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    60067 $2.5M

    Taxes & Financing

    Average Loan-to-Value 65.0%

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