Address Not Available By Request

    Palatine, IL 60067
    • $2,100,000
    • STATUS: Active
    • ON SITE: 385 days
    • MLS #: 09806047
    UPDATED: 49 min ago
    $2,100,000
    • 0
      BEDS
    • Less Than .25 Acre
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,709
      SQFT
    • $272
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    Great Opportunity to Own a Family Owned and Operated Restaurant and Bar that has been in Business in Palatine Since 1975! Building is Approximately 7700SqFt. Newly Renovated Dining Room with Sound Damping Flooring. 2nd Floor Party Room with Separate Bar and Dumb Waiter. New Keg Line Compressor (2017). Property also has a Newly Renovated 2nd Floor 1 Bedroom Apartment with a New Kitchen, Bathroom, Flooring and Paint! Roof, Windows, Furnace & A/C Replaced in 2004.

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    © 2018 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Baz Realty Network | Keller Williams Preferred Realty. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Baz Realty Network | Keller Williams Preferred Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Data last updated: 2018-12-13T14:51:37.623.

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    www.bazrealtynetwork.com/homes/78953396

    Address Not Available By Request Palatine, IL 60067

    • Price: $2,100,000
    • Status: Active
    • Updated: 49 min ago
    • MLS #: 09806047
    0
    Beds
    0
    Baths
    0
    ½ Baths
    Less Than .25 Acre
    Acres
    7,709
    SQFT
    $272
    $/SQFT
    Neighborhood:
    Palatine
    County:
    Cook
    Area:
    Palatine
    Property Description
    Great Opportunity to Own a Family Owned and Operated Restaurant and Bar that has been in Business in Palatine Since 1975! Building is Approximately 7700SqFt. Newly Renovated Dining Room with Sound Damping Flooring. 2nd Floor Party Room with Separate Bar and Dumb Waiter. New Keg Line Compressor (2017). Property also has a Newly Renovated 2nd Floor 1 Bedroom Apartment with a New Kitchen, Bathroom, Flooring and Paint! Roof, Windows, Furnace & A/C Replaced in 2004.
    Exterior Features

    Approx Land Sq Footage 4000 Construction BrickConcreteWood Frame Frontage Access City Street Location Central Business District Lot Dimensions 5596 Lot Sq Ft 5596 Number Of Parking Spaces 0

    Interior Features

    Air Conditioning Central Air Miscellaneous Inside Public Restroom/SStorage Inside Number Of Stories 2 Outdoor Parking Public Lot

    Property Features

    Adj Net Inc Expense Source Actual Adjusted Net Income 208000 Ann Rnt Expense Source Actual Annual Rent For Real Estate 90000 Business Age 11+ Years Business Type Bar/Lounge/Nite ClubFood And BeverageRestaurant Corporate Limits Palatine Cost Of Goods Expense Source Actual Cost Of Goods Sold 1300000 Cost Of Goods Year 2016 Current Use Other Food Beverage Type RestaurantBanquetCarry-OutGrill Gross Payroll 475000 Gross Payroll Expense Source Actual Gross Payroll Year 2016 Gross Profit 700000 Gross Profit Expense Source Actual Gross Profit Year 2016 Gross Sales Ann Expense Source Actual Gross Sales Ann Year 2016 Gross Sales Annual 2100000 Heat Ventilation Ceiling UnitsCentral Bldg HeatForced AirGas Inventory 25000 Inventory Expense Source Actual Inventory Year 2016 Known Encumbrances First Mortgage Living Quarters AvailableIncluded Miscellaneous Outside Balcony/IesEnclosed StairsHandicapped AccessPatioSecurity SystemTenant Signage Net Operating Income Year 2016 Net Profit 208000 Net Profit Source Actual Possession ClosingImmediate Property Offered For Sale Only Real Estate Included YN Yes Seating Capacity 100+ Tax Year 2016 Taxes 20000 Tenant Pays Air ConditioningElectricHeatInsuranceScavengerWater/SewerCooking Gas Total Op Exp Year 2016 Total Op Expense Source Actual Total Operating Expenses 350000 Type Of Lease None Zoning Type Rtail

    Listing information © 2018 Midwest Real Estate Data LLC.
    Listing provided courtesy of Realty Executives Legacy.


    © 2018 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Baz Realty Network | Keller Williams Preferred Realty. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Baz Realty Network | Keller Williams Preferred Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Data last updated: 2018-12-13T14:51:37.623.

    Digital Millennium Copyright Act
     
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    Orland Park IL, 60467