Address
301 N Northwest Highway, Palatine, IL
Price
$ 2,200,000
Property Attributes
  • MLS#11970572
  • TypeBusiness Op
  • CountyCOOK
  • CityPalatine
  • AreaPalatine
  • Zip60067
  • StyleRestaurant
  • Taxes$ 34993
  • Price$ 2,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6800
  • Lot Size0.736915 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Welcome to a wonderful opportunity to purchase a growing quick serve restaurant business along with its prime real estate. This restaurant is charming, and boasts a long-term positive track record of profit and success. With a strategic location and a loyal customer base there is even more opportunity for growth. See below for an overview that will showcase the features and advantages of this great opportunity. Established Brand Reputation: Business has been around for 20 years and has established a great following and reputation for great food! Great Location: Business is located on the high traffic volume, high visibility, Northwest Hwy in Palatine. Open for Business: The sale of this business and real estate includes all the equipment, inventory, recipes, and name. In addition, the owner will smoothly transition the business to the new owner by working alongside of them for two months after the sale. Growth Potential: The new owner has the potential to expand hours as the restaurant is currently closed Monday's and closes daily at 9:00 pm and 8:00 pm on Sundays. Additionally, there can be more revenue streams captured through growing the catering and adding pizza. Real Estate: The restaurant is 3,400 square feet with an additional 3,400 square feet in the basement! Parking is never an issue with 48 parking spaces that span the property that is 3/4 acre. This is an outstanding opportunity to acquire both a successful turnkey restaurant business and its prime real estate location! This investment offers the ability to own a thriving business that will generate immediate profit with a trusted and established brand.

Price History
1/31/2024 Listed $2,200,000

General Features

Cooling Central Air
Possession Closing
Tenant Pays Air Conditioning,Electricity,Heat
Stories 1
Tax Year 2022
Business Type Restaurant
County Cook
Property Type Business Opportunity
Status Active
Directions North then South to property
City Palatine
MLS Area Palatine
Lot Size Square Feet 32100
Street Name Northwest
Tax Annual Amount 34993
Additional Parcels Y/N No
Virtual Tour https://tours.databasedads.com/4595242/999-N-Confidential-Lane-Palatine-IL?u=1
Days on Market 51
Standard Status Active
Property Type Bus / Bus w/Real Est

Interior Features

Street Suffix Highway

Exterior Features

Building Area Total 6800
Lot Dimensions 150X210

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Business Op Average in 60067

Price
AVG $590K
$2.2M
Taxes
AVG $34,993
$34,993
Visits
AVG 73
81
Data Provided by Inside Real Estate®

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