864-866 Rand Road
Retail
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase 864-866 Rand Road in Des Plaines, Illinois (the “Property”). The Property is improved by a 1,700 square foot freestanding single tenant building on a 0.62-acre parcel (27,057 square feet). The building is currently occupied on a month-to-month basis as Rand Road House and can be delivered vacant or with the tenant in place. 864-866 Rand Road is a corner parcel and is zoned C-3 General Commercial District, one of the most versatile zoning designations in the city of Des Plaines.
The Property is well-located along Rand Road (US Route 12), one of the area’s primary commercial corridors and enjoys outstanding visibility and frontage. The Property is positioned at a signalized intersection with N 3rd Avenue and is 0.3-miles from Golf Road (IL Route 58), 0.9-miles from E Northwest Highway (US Route 14) and the Cumberland Metra Station. The location is surrounded by densely developed residential neighborhoods that provide a strong consumer and employee base, as well as national retailers that drive traffic to the area. 864-866 Rand Road offers the opportunity for an owner-user to occupy the Property, to lease the Property as an investment opportunity, or to redevelop the Property.
Investment highlights
THE ASSET: 864-866 Rand Road is comprised of two adjacent parcels and is improved by a one-story, 1,700 square foot, single-tenant building on a combined 27,057 square foot (0.62-acre) parcel. The Property offers outstanding frontage and visibility, and the parcel is zoned C-3 General Commercial, one of the most versatile zoning designations in the city of Des Plaines..
DEVELOPMENT POTENTIAL: 864-866 Rand Road offers multiple opportunities in an attractive location with a strong consumer base. A new owner can lease the building as is, or can open their own business in the Property, taking advantage of the well-trafficked location. Additionally, the C-3 zoning allows for a variety of uses and offers significant redevelopment potential. Please contact the agent for more details.
STRATEGIC RETAIL LOCATION: The Property is well located on Rand Road (US Route 12), one of the area’s primary commercial corridors. The Property is positioned at a signalized intersection with N 3rd Avenue and is 0.3-miles from Golf Road (IL Route 58), and 0.9-miles from E Northwest Highway (US Route 14) and the Cumberland Metra Station. The location offers easy access to area highways including Interstates 294, 90, and 290. Pace Bus Routes 208, 221 and 234 are within walking distance.
AREA DEVELOPMENT: 1483 Rand Road is 1.5-miles from Metropolitan Square, a newer mixed-use mini-lifestyle center that features 135 condominium and loft units in a main-street setting surrounded by local eateries and specialized service providers. Metropolitan Square is anchored by a new 40,000-square-foot Shop and Save grocery store and includes an additional 56,000 square feet of retail space and 22,000 square feet of office space.
TRADE AREA: Additional businesses, retailers and attractions driving traffic to the trade include Ascension Holy Family Hospital, Oakton Community College, Walmart Supercenter, Menard’s Mariano’s, Aldi, LA Fitness, Burlington, Ross, Marshalls, Metropolitan Square, Shop & Save Market (Grocery Store), Walgreens, Dollar Tree, Texas Roadhouse, Starbucks, McDonald’s, Burger King, Raising Cane’s, Popeyes, Panda Express, and Dunkin’.
TRAFFIC COUNTS: On average more than 30,600 vehicles per day pass by the Property on Rand Road.
EXCEPTIONAL DEMOGRAPHICS: Over 129,700 people live within 3-miles of the Property with an average household income of $117,471. An impressive 308,900+ people live within 5-miles of the Property with an average household income of over $137,662.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
