For Sale
$1,199,000

1960 Rand RdPalatine, IL 60074

Established Restaurant, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional restaurant property at 1960 N Rand Rd, Palatine, IL 60074, presents a lucrative investment opportunity. Boasting 5,850 square feet, this single-tenant building sits on a sizable 1.26-acre lot and was constructed in 2008. The property enjoys a highly visible corner location, benefiting from over 32,000 vehicles passing daily, ensuring significant exposure. Ample parking is provided with 75 spaces available. The building is in good condition and includes valuable existing restaurant equipment, streamlining a potential relaunch or continued operation. The layout is well-suited for restaurant use, featuring multiple walk-in coolers and multiple hoods with ventilation systems already in place. Two convenient curb cuts and a pre-existing drive-through lane further enhance operational efficiency and customer convenience. The asking price is $1,199,000. This turnkey restaurant property offers a rare chance to acquire a well-established location with significant potential for immediate return. The property's size, location, and existing infrastructure make it an ideal acquisition for experienced restaurateurs or investors seeking a strong foothold in a thriving market.

Highlights

  • Former Tore & Luke's Restaurant available for sale.
  • 5,850 SF single-tenant restaurant building constructed in 2008.
  • 1.26-acre site with 75 parking spaces.
  • High-visibility corner location with over 32,000 vehicles passing daily.
  • Building in good condition; includes some existing restaurant equipment.
  • Features multiple walk-in coolers and multiple hooded ventilation systems.

Property Details for 1960 Rand Rd

Property type
Retail properties, Restaurants
Square Feet
5,850 SF
Year Built
2008
Lot Size (sq. ft)
54,886 SF

Location Insight

City
Palatine
County
Cook
State
Illinois
Latitude
42.1449258
Longitude
-88.0284614
1960 Rand Rd, Palatine, Illinois

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1960 Rand Rd
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