720 E Rand Road,Mount Prospect, IL 60056
Mount Prospect, IL 60056
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. 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.
Details
| MLS # | 12705773 |
|---|---|
| Listing Type | For Sale |
| Style | Retail/stores |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1994 |
| Days On Site | 57 |
| Listing Provided By | RE/MAX At Home | Basel Tarabein |
Features
| SQ Feet | 2,533 |
|---|---|
| Story(s) | 2 |
| Units | 1 |
| Zoning | RTAIL |
| Acreage | 0.54 |
Interior
| Cooling | Central Air, Chillers |
|---|
Exterior
| Roof | Membrane, Reflective Coating |
|---|---|
| Foundation Details | Concrete Perimeter |
| Construction Materials | Brick, Concrete, Block |
Utilities
| Utilities | Electric to Site, Natural Gas Available, Sewer Connected, Water Available, Cable Available |
|---|---|
| Sewer | Storm Sewer |
| Electric | Service - 201 to 600 Amps |
Taxes
| Tax Year | 2023 |
|---|---|
| Tax Annual Amount | 39701.93 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Mount Prospect |
| Zip Code | 60056 |
| Area | Mount Prospect |
| Listing VS Median (in 60056) | |
Price: $1,350,000 low | high Med: $449,450 sqft: 2,533 low | high Med: 1,918 $ / sqft: $533 low | high Med: $236 On site: 57 low | high Med: 34 | |
Market Activity 60056
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Mount Prospect |
| Zip Code | 60056 |
| Area | Mount Prospect |
| Listing VS Median (in 60056) | |
Price: $1,350,000 low | high Med: $449,450 sqft: 2,533 low | high Med: 1,918 $ / sqft: $533 low | high Med: $236 On site: 57 low | high Med: 34 | |
