See all 12 photos
12 photos
$42,000
Est. payment /mo
882 SqFt
UPDATED:
Key Details
Sold Price $42,000
Property Type Business Opportunity
Sub Type Bus / Bus w/Real Est
Listing Status Sold
Purchase Type For Sale
Square Footage 882 sqft
Price per Sqft $47
MLS Listing ID 12601368
Annual Tax Amount $9,000
Tax Year 2024
Property Sub-Type Bus / Bus w/Real Est
Property Description
Tin Seng, a successful Chinese take out restaurant with a large and loyal customer base for sale on busy Quentin Road in Palatine is for sale and looking for a new owner/operator. Current owners are retiring. End unit in popular Quentin Corners shopping center with almost 1000 square feet is READY TO GO for a new owner operator. Branding can be transferred as well, if desired. Signage in place, including on a large monument sign leading into the shopping center (see photo). Landlord is willing to rewrite or extend the lease (currently at approximately $2758/month with approximately 14 months left) for an additional five years. Rent includes a base of $24/ft and pass throughs of $13.52/ft. All equipment - freezers, refrigerators, stoves, wok stations and everything you see in the photos, along with fixtures and supplies, come with the sale. Much of the equipment is relatively new. The restaurant owner just spent over $14K for a new HVAC system and most plumbing is new. Schedule a showing to see it today. This is an extremely efficient operation with everything an operator needs already in place. Available parking is right in front.
Location
State IL
County Cook
Area Palatine
Zoning COMMR
Interior
Cooling Central Air
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Listed by David Urbaniak of @properties Commercial
Bought with David Urbaniak of @properties Commercial
Bought with David Urbaniak of @properties Commercial