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720 E RAND RD Mount Prospect IL 60056-2563

[Locked] • APN 03-34-407-014-0000

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Details
Property Type Retail
Sub Type Storefront
Building SqFt 2,533
Lot SqFt 23,392
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code B4
Year Built 1994
Building Count 1
Opportunity Zone No
Mortgage Amount ******
Mortgage Term ******
Interest Rate ******
Mortgage Recording Date ******

Property History

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Property Type
Property Type
Retail
Property Subtype
Storefront
Marketing 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. Restaurant is currently open and profitable and being run by the building owner, the business will close on the sale of the building.
Sale Date
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Sold Price
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Buyer Borrower 1 Corp Indicator
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Buyer Borrower 1 Name
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Buyer Borrower 1 Ownership Rights Code
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Buyer Borrower 2 Corp Indicator
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Buyer Borrower 2 Name
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Mortgage Recording Date
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Document Number
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Document Type
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Mortgage Interest Rate
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Mortgage Loan Type
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Mortgage Lender Name
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Loan Amount
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Mortgage Document Date
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Mortgage Document Number
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Resale Flag
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Sales Price Code
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Seller 1 Corp Indicator
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Transaction Type
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Mortgage Loan Trans Type
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Seller 1 Name
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Transfer Tax
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Sold By
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Sold To
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Property Type
Property Type
Retail
Property Subtype
QSR/Fast Food
Marketing Description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase 720 E Rand Road in Mount Prospect, Illinois (the “Property”). The Property contains a single-tenant retail building with functional mezzanine space of 2,229 square feet on a 0.55-acre parcel of land. 720 E Rand Road (US Route 12) is located in Mount Prospect’s Commercial District and is an outparcel to a Menard’s, and just 1/3-mile from Mount Prospect Plaza which is anchored by Walmart and ALDI.

The Property is well-located on E Rand Road (US Route 12), about 3-miles northwest of downtown Des Plaines. The Property is situated on a well-located parcel in the middle of a dense retail corridor with multiple national tenants that draw traffic to the area. The strategic location offers outstanding visibility and access and can be re-tenanted or redeveloped to take advantage of the strong traffic counts and solid demographics surrounding the property.

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Zoning

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B4 CommercialSpecial CommercialCommercial Corridor
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Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics

Property Details

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Contacts

Sold on
 BY:
LB
Logan Barnett
•••.•••.6828
••••nett@••••••••.com
Bradshaw
Sold on
 BY:
JP
John Przybyla PRO
•••.•••.1643
•••••byla@•••••••••••••••.com
Brokerage logo
Listing removed on
 BY:
TS
Teresa Stultz
•••-•••-1234
••••••team@••••••••••••.com
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