Former Tore & Luke's 1960 N Rand Rd
5,850 SF Retail Building Palatine, IL 60074 $1,199,000 ($204.96/SF)
INVESTMENT HIGHLIGHTS
- Former Tore & Lukes Restaurant Available for Sale
- Building is in good condition and comes with some equipment
- Corner site that sees over 32,000 vehicles per day
- Multiple walk-in coolers and multiple hoods with ventilation
EXECUTIVE SUMMARY
Former Tore & Lukes Restaurant Available for Sale
5,850 SF Single Tenant Restaurant built in 2008
1.26 acre site with 75 parking spaces
Corner site that sees over 32,000 vehicles per day
Building is in good condition and comes with some equipment
Multiple walk-in coolers and multiple hoods with ventilation
2 curb cuts and drive through already in place
5,850 SF Single Tenant Restaurant built in 2008
1.26 acre site with 75 parking spaces
Corner site that sees over 32,000 vehicles per day
Building is in good condition and comes with some equipment
Multiple walk-in coolers and multiple hoods with ventilation
2 curb cuts and drive through already in place
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,850 SF
Building Class
B
Year Built
2008
Price
$1,199,000
Price Per SF
$204.96
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.26 AC
Zoning
C - commercial district
Parking
45 Spaces (7.69 Spaces per 1,000 SF Leased)
Frontage
160’ on Rand Road
AMENITIES
- Fireplace
- Restaurant
- Security System
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-02-400-084-0000 | Improvements Assessment | $116,474 |
| Land Assessment | $137,070 | Total Assessment | $253,544 |
