720 E Rand Road
Mount Prospect, IL, 60056 $ 1,350,000
Bedrooms-- Baths-- Sq 2,533 for $1,350,000. This 2,533 square foot property was built in 1994 on a lot size of 0.537.
**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 equipment, tuckpointing, and 200-amp electrical service. The property also features a second floor, offering the potential-subject to municipal approval-to expand upward or create an outdoor second-floor dining area. Convenient access to area highways and public transportation further strengthens this exceptional location. **Absolute turnkey condition** Bring your concept and take advantage of this rare short-sale opportunity! Please do not disturb the current operator. Contact the listing broker to schedule a private showing. BOTTOM LINE: Drive-thru properties in high-traffic suburban Chicago corridors don't last. This is a ready-to-operate, fully equipped, strategically positioned asset with immediate revenue potential and long-term appreciation fundamentals. Whether you're an expanding operator or a savvy investor, 720 E. Rand Road checks every box. Do not disturb tenant. Contact listing broker for all showings, and tours.
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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
Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Janitorial Service Taxes Insurance Scavenger Sewer
Stories Count 2
Township Wheeling
Tax Year 2023
Current Use Commercial
Gross Income 0
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 39701.93
Additional Parcels Y/N N
Leasable Area 0
Lease Type N/A
Standard Status Active
Cap Rate 0
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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
Lot Size Acres 0.537
Frontage Type City Street County Road Public Road State Road Paved
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* Excluded FeaturesList Bybaseltarabein@remax.net;BaselTarabein@remax.netEmail
NearbyAbout 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 |
|---|
| 7/20/2026 | $1,350,000 | | Listed Price |