301 N Northwest Highway Palatine, IL $ 2,200,000
301 N Northwest Highway
$ 2,200,000
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301 N Northwest Highway

Palatine, IL, 60067
$ 2,200,000
Baths0.0 Sq 6,800

Monthly Estimate*

$ 14,622

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Studio

Commercial Property for sale in Palatine, IL

for $2,200,000. This 6,800 square foot building was built on a lot size of 0.736915.

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.

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Commercial Active

Price

$ 2,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 34,993

Style

Restaurant

Lot Size

0.736915

Town/City

Palatine

County/Region

Cook

MLS | Web ID

11970572

Features
General
Cooling Central Air
Possession Closing
Tenant Pays Air Conditioning Electricity Heat
Stories 1
Tax Year 2022
Business Type Restaurant
County Cook
Operating Expense 0
Property Type Business Opportunity Bus / Bus w/Real Est
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 N
Virtual Tour https://tours.databasedads.com/4595242/999-N-Confidential-Lane-Palatine-IL?u=1
Days on Market 51
Standard Status Active
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Exterior
Building Area Total 6800
Lot Dimensions 150X210
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Interior
Street Suffix Highway
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* Excluded Features
List By
Berkshire Hathaway Homeservices Chicago

Broker

vfvranas@bhhschicago.com

Email

Affordability Calculator

$17,538
Per Month
83%
17%
0%
Monthly Principal & Interest
$14,622
Monthly Property Taxes
$2,916
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/31/2024$2,200,000 Listed Price

Map


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301 N Northwest Highway, Palatine, IL, 60067 is a Commercial Property for sale at $2,200,000 with 6,800 sqft and a lot size of 0.736915. 301 N Northwest Highway is a studio with 0.0 baths. The property's zip code is 60067 which is in Palatine, IL