720 E Rand RD, Mount Prospect, IL 60056
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720 E Rand RD, Mount Prospect, IL 60056
720 E Rand RD, Mount Prospect, IL 60056
720 E Rand RD, Mount Prospect, IL 60056
720 E Rand RD, Mount Prospect, IL 60056
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Cecil Sabu

Cecil Sabu

+1(312) 772-2820
$ 1,499,000
Est. payment /mo
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Price Dropped by $100K

720 E Rand RD Mount Prospect, IL 60056

2,533 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active

Purchase Type For Sale

Square Footage 2,533 sqft

Price per Sqft $591

MLS Listing ID 12607080

Year Built 1994

Annual Tax Amount $43,811

Tax Year 2024

Lot Dimensions 289.8X29.8X241.6X147.3

Property Sub-Type Retail/Stores

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.

Location

State IL

County Cook

Area Mount Prospect

Zoning RTAIL

Interior

Cooling Central Air, Chillers

Flooring Concrete, Tile, Varies

Fireplace N

Exterior

Utilities Available Electric to Site, Natural Gas Available, Sewer Connected, Water Available, Cable Available

Roof Type Membrane,Reflective Coating

Building

Dwelling Type Retail/Stores

Sewer Storm Sewer

Water Community Water, Municipal Water

Structure Type Brick,Concrete,Block

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Teresa Stultz of  Premier Living Properties 
Cecil Sabu

Cecil Sabu

Designated Managing Broker & Loan Originator | License ID: 471.019943 | NMLS ID: 2111992

+1(312) 772-2820

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720 E Rand RD