720 E Rand Road Mount Prospect, IL $ 1,599,000
720 E Rand Road
$ 1,599,000
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720 E Rand Road

Mount Prospect, IL, 60056
$ 1,599,000
Bedrooms-- Baths-- Sq 2,533

Monthly Estimate*

$ 9,845

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Commercial Property for sale in Mount Prospect, IL

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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Commercial Active

Price

$ 1,599,000

Property Type

Commercial

Taxes

$ 43,811

Style

Commercial

Lot Size

0.536983

Year Built

1994

Town/City

Mount Prospect

County/Region

Cook

MLS | Web ID

12607080

Features
General
Sewer 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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Interior
Flooring Concrete Tile Varies
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Exterior
Water 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 Features
List By
Premier Living Properties

Broker

stultzteam@plproperties.com

Email

Affordability Calculator

$13,496
Per Month
73%
27%
0%
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.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/1/2026$1,599,000 Listed Price

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720 E Rand Road, Mount Prospect, IL, 60056 is a Commercial Property for sale at $1,599,000 with 2,533 sqft and a lot size of 0.536983. 720 E Rand Road was built in 1994. The property's zip code is 60056 which is in Mount Prospect, IL