Active · For Sale · Retail/Stores

720 E Rand Road, Mount Prospect, IL 60056

MLS #12705773

720 E Rand Road, Mount Prospect, IL 60056
720 E Rand Road, Mount Prospect, IL 60056CRER
720 E Rand Road, Mount Prospect, IL 60056

Start a conversation

Inquire about this property

720 E Rand Road, Mount Prospect, IL 60056

Property inquiry details

By submitting, you agree to the CRER privacy policy.

The property

Executive summary

**BANK PRE-APPROVED SHORT SALE-AN OUTSTANDING OPPORTUNITY TO ACQUIRE A TURNKEY RESTAURANT PROPERTY AT AN EXCEPTIONAL VALUE!** Don't miss what may be one of the best commercial real estate opportunities of the year! This freestanding, 2,533-square-foot masonry restaurant sits on a 23,391-square-foot site in Mount Prospect's highly active Rand Road retail and fast-food corridor. The property offers existing drive-thru capability with a curb cut on Rand Road, approximately 25 parking spaces, excellent visibility, and exposure to approximately 17,600 vehicles per day. Located just south of the signalized intersection of Rand Road and Central Road-and directly across from Menards. This property is surrounded by major retailers and restaurants, including Walmart, Aldi, Subway, Bowlero, Texas Roadhouse, Buona Beef, and Dunkin'. With B-5 zoning, this is an excellent opportunity for restaurant operators, owner-users, investors, and entrepreneurs seeking a high-visibility suburban location. The building is fully built out and ready for operation, featuring a complete commercial kitchen, black iron exhaust hoods, fire-suppression systems, a walk-in cooler, and included furniture, fixtures, and equipment. Additional improvements include a modern facade, updated windows, upgraded rooftop heating and HVAC…

Investor Resource

Property Intelligence

Financial Snapshot

Annual Taxes
$39,702 (2023)

Property Details

Units
1
Building Size
2,533 SF
Lot Size
23,391 SF
Lot Acreage
0.537
Lot Dimensions
289.8X29.8X241.6X147.3
Stories
2
Year Built
1994
Construction
Brick, Concrete, Block
Roof
Pitched, Membrane, Reflective Coating
Zoning
RTAIL
Parcel Number
03344070140000

Operations & Utilities

Heating
Ceiling Units, Central Bldg Heat, Forced Air
Cooling
Central Air, Chillers
Tenant Pays
Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Insurance, Scavenger, Sewer
Electric
Service - 201 to 600 Amps
Water Source
Community Water, Municipal
Utilities
Electric to Site, Natural Gas Available, Sewer Connected, Water Available, Cable Available
Possession
Closing, Immediate, Negotiable
Documents Available
Floor Plan, Existing Survey, Tax Bill, Traffic Counts

Location & Use

County
Cook
Market Area
Mount Prospect
Township
Wheeling
Present Use
Commercial
Location
Central Business District, Mixed Use Area
Frontage
City Street, County Road, Public Road, State Road, Pav

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.