$2,200,000
301 N Northwest Highway Palatine, IL 60067
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$2,200,000
Est. payment /mo
6,800 SqFt
Active
301 N Northwest Highway Palatine, IL 60067
UPDATED:
09/06/2024 05:28 PM
Key Details
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Active
Purchase Type For Sale
Square Footage 6,800 sqft
Price per Sqft $323
MLS Listing ID 11970572
Annual Tax Amount $34,993
Tax Year 2022
Lot Dimensions 150X210
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.
Location
State IL
County Cook
Interior
Cooling Central Air
Fireplace N
Exterior
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Listed by Vicki Vranas • Berkshire Hathaway HomeServices Chicago
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