720 E Rand Road
Mount Prospect, IL, 60056 $ 1,599,000
Bedrooms-- Baths-- Sq 2,533 Monthly Estimate*
$ 9,845
for $1,599,000. This 2,533 square foot building was built in 1994 on a lot size of 0.536983.
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.
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FeaturesGeneralSewer Storm Sewer
Cooling Central Air Chillers
Utilities Electric to Site 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
Township Wheeling
Tax Year 2024
Current Use Commercial
Assoc Fee Paid Per Not Applicable
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 43811.12
Additional Parcels Y/N N
Leasable Area 0
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 ByPremier Living PropertiesBroker
stultzteam@plproperties.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $9,845
- Monthly Property Taxes
- $3,651
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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 $699,000
Percent of Sale Price 56%
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 |
|---|
| 4/1/2026 | $1,599,000 | | Listed Price |