720 E Rand Road
Mount Prospect, IL, 60056 $ 1,895,000
Bedrooms-- Baths-- Sq 2,533 Monthly Estimate*
$ 11,822
for $1,895,000. This 2,533 square foot building was built in 1994 on a lot size of 0.536983.
Don't miss out on this one!! For Sale, Turnkey masonry construction fast food restaurant building with Existing Drive Thru Capability with curb cut on Rand Road. The Building is 2,533 SQ FT, The land site is 23,391 SQ FT Just South of the Hard stoplight corner of Rand Road Avenue and Central Road. Fantastic opportunity to own or lease a freestanding commercial building In the Mount Prospect Retail and Fast food corridor along Rand Road B-5 Zoning, Prime location, Immense potential, This fully built out restaurant offers an excellent opportunity for users to take advantage of high traffic counts, Fully built-out kitchen Full commercial fast food buildout, all black iron hoods and fire suppression are in place, all furniture, fixtures, and equipment, Walk in Cooler, All FF&E Included, The Building is completely done. Absolute turnkey. Don't miss this chance to take over a prime fast food property in a prime suburban market! Modern facade, Modern Windows, upgraded heat and HVAC on roof, tuckpointing, 200 Amp Electric, modern functionality. Great Location, Very Heavy traffic, High Visibility, 17,600 Vehicles pass this location a day, 17,600 VPD, 25 car parking in side and rear parking lot, literally right in front of the Mount Prospect Menards, This property has a second floor and the new owner can build up and add an outdoor second floor eating area. Close to Area Highways and Public Transportation, Business Area retailers include Menards, Walmart, Aldi, Subway, Bowlero, Texas Roadhouse, Buona beef, Dunkin Lot Dimensions - 289.8X29.8X241.6X147.3 Pin Number - 03344070140000 Do not bother the tenant, Call the listing broker for all showings.
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FeaturesGeneralSewer Storm Sewer
Cooling Central Air Chillers
Utilities Electricity Available Natural Gas Available Sewer Connected Water Available Cable Available
Possession Closing Immediate Negotiable
Roof Membrane Reflective Coating
Zoning RTAIL
Construction Materials Brick Concrete Block
Year Built 1994
Electric Service - 201 to 600 Amps
Stories Count 2
Tax Year 2023
Current Use Commercial
County Cook
Net Operating Income 0
Property Type Commercial Sale Retail/Stores
Status Active
Directions Central and Rand Road in Mount prospect north to address on Rand Road east side of the street in front of Menards.
City Mount Prospect
Number Of Units Total 1
MLS Area Mount Prospect
Lot Size Square Feet 23391
Tax Annual Amount 39701.93
Additional Parcels Y/N N
Leasable Area 0
Virtual Tour https://tours.positiveimagelive.com/2332108?idx=1
Standard Status Active
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InteriorFlooring Concrete Tile Varies
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ExteriorWater Source Community Water Municipal Water
Foundation Details Concrete Perimeter
Building Area Total 2533
Lot Dimensions 289.8X29.8X241.6X147.3
Frontage Type City Street County Road Public Road State Road Paved
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* Excluded FeaturesList By@Properties CommercialBroker
mikelevin@atproperties.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $11,822
- Monthly Property Taxes
- $3,308
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Mount Prospect, IL
Average List Price $748,500
Percent of Sale Price 61%
About Mount Prospect, IL 53,442 Population
-4% Since 2002
$ 71,097 Median Income
41.58 Median Age
31% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/6/2025 | $1,895,000 | | Listed Price |