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Tracy Wallschlaeger
REALTOR®
(815) 988-5281

720 E Rand Road , Mount Prospect, IL 60056

$1,350,000
  • 720 E Rand Road , Mount Prospect, IL 60056 Main Photo

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New to the Market New
SQUARE FEET2,533 MLS#12705773
STATUSNew PROPERTY TYPECommercial - Retail

Property Description

**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.

720 E Rand Road | MLS# 12705773

This commercial property located at 720 E Rand Road , Mount Prospect, IL 60056 is currently listed for sale with an asking price of $1,350,000. Search Mount Prospect real estate on twallschlaeger.gogambino.com today.

Property Features

Property Type: Commercial - Retail
Cooling: Central Air, Chillers
Lot Size: 0.54 Acres
Roof Type: Membrane, Reflective Coating
Stories: 2.0
Taxes: $39,701
Year Built: 1994

Feature Descriptions

Current Use: Commercial
Electric: Service - 201 to 600 Amps
Exterior: Brick, Concrete, Block
Fire Protection: Alarm On Site, Ansul System, Fire Extinguisher/s, Hydrants On Site
Flooring: Concrete, Tile, Varies
Foundation: Concrete Perimeter
Frontage Type: City Street, County Road, Public Road, State Road, Paved
HVAC: Ceiling Units, Central Bldg Heat, Forced Air
Location: Central Business District, Mixed Use Area
Lot Dimensions: 289.8X29.8X241.6X147.3
Miscellaneous Indoor: Heavy Floor Load, Public Restroom/s, Storage Inside
Number of Tenant(s): 1
Parcel#: 03344070140000
Parking: 19-30 Spaces
Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Insurance, Scavenger, Sewer
Units: 1
Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Available, Cable Available

Listed By / Shown By

Listed By

Agency Name: RE/MAX At Home
Agency Phone: 847-255-1000

Shown By

Agent Name: Tracy Wallschlaeger
Agent Phone: (815) 988-5281
Agency Title: Gambino Realtors

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