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720 E Rand Road, Mount Prospect, IL 60056

$1,599,000
  • 720 E Rand Road, Mount Prospect, IL 60056 Main Photo

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New to the Market Active
SQUARE FEET2,533 MLS#12607080
STATUSActive PROPERTY TYPECommercial - Retail

Property Description

Rare opportunity to acquire a highly visible, turnkey freestanding restaurant building with existing drive-thru along the heavily trafficked Rand Road corridor in Mount Prospect. Drive-thru properties in this submarket are extremely limited, making this an ideal opportunity for QSR, coffee, breakfast, or fast-casual operators looking for immediate market entry and long-term upside. This 2,533 SF building sits on a 23,391 SF site and features a fully built-out commercial kitchen, including black iron hoods, fire suppression system, walk-in cooler, and all FF&E included-allowing for a seamless transition and significantly reduced startup costs. The property has been well maintained with a modernized facade, updated windows, upgraded rooftop HVAC, 200-amp electrical service, and recent tuckpointing. Positioned just south of the intersection of Rand Rd & Central Rd, the site benefits from exceptional visibility, strong signage potential, and convenient access, including an existing curb cut and drive-thru infrastructure. With over 17,000 vehicles per day, this location offers consistent exposure in a very active retail corridor. Surrounded by dense residential neighborhoods and major national retailers including Menards, Walmart, Aldi, Dunkin, Buona Beef, and Texas Roadhouse, the property is ideally situated to capture steady consumer demand. The 25-car parking lot (side and rear) supports high-volume operations, while the B-5 zoning allows for a variety of retail and restaurant uses. Additional upside includes a second-floor area with potential for expansion or outdoor dining, creating added value for owner-users or investors. This is a true plug-and-play opportunity in a proven retail corridor-perfect for operators looking to scale or investors seeking a high-demand asset with strong fundamentals.

720 E Rand Road | MLS# 12607080

This commercial property located at 720 E Rand Road, Mount Prospect, IL 60056 is currently listed for sale with an asking price of $1,599,000. Search Mount Prospect real estate on elmo.bhhscrosby.com today.

Property Features

Property Type: Commercial - Retail
Cooling: Central Air, Chillers
Lot Size: 0.54 Acres
Roof Type: Membrane, Reflective Coating
Stories: 2.0
Taxes: $43,811
Year Built: 1994

Feature Descriptions

Current Use: Commercial
Electric: Service - 201 to 600 Amps
Exterior: Brick, Concrete, Block
Fire Protection: Alarm On Site, Ansul System, Fire Extinguisher/s, Hydrants On Site
Flooring: Concrete, Tile, Varies
Foundation: Concrete Perimeter
Frontage Type: City Street, County Road, Public Road, State Road, Paved
HVAC: Ceiling Units, Central Bldg Heat, Forced Air
Location: Central Business District, Mixed Use Area
Lot Dimensions: 289.8X29.8X241.6X147.3
Miscellaneous Indoor: Heavy Floor Load, Public Restroom/s, Storage Inside
Parcel#: 03344070140000
Parking: 19-30 Spaces
Units: 1
Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Available, Cable Available

Listed By / Shown By

Listed By

Agency Name: Premier Living Properties
Agency Phone: 630-377-1646

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