For Sale
$1,975,000

60 Bothwell St Palatine, IL 60067

Established Restaurant, Prime Location, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
138
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.

Highlights

  • $1,975,000 asking price for a 7,709 SF turnkey restaurant.
  • Prime downtown Palatine location.
  • Includes furnished bar, dining area, and large banquet room with bar and stage.
  • All restaurant equipment and furniture in excellent condition; building completely rehabbed in 2000.
  • Features two commercial freezers and outdoor patios.
  • One block from Metra station, surrounded by new developments.

Property Details for 60 Bothwell St

Property type
Retail properties, Restaurants
Square Feet
7,709 SF
Lot Size (sq. ft)
3,485 SF

Location Insight

City
Palatine
County
Cook
State
Illinois
Latitude
42.1119981
Longitude
-88.0452108

FAQs

What type of property is this?
Retail property - Established Restaurant, Prime Location, High Occupancy
Where is the retail property located?
The property is located at 60 Bothwell St Palatine, IL.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: $1,975,000 asking price for a 7,709 SF turnkey restaurant.; Prime downtown Palatine location.; Includes furnished bar, dining area, and large banquet room with bar and stage.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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60 Bothwell St
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