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34503886
34503888

720 E Rand Road, Mount Prospect, IL 60056 For Sale

BT
IL 471008459
RE/MAX AT HOME
Listed by RE/MAX AT HOME
$1,350,000
5 days on market
Updated 4 days ago

720 E Rand Road

Details
APN 03344070140000
Property Type Retail
Sub Type Storefront, Retail/Stores
Square Footage 2,533
Units 1
Tenancy Single
Year Built 1994
Year Renovated 2020
Stories 2
Acreage 0.537
Zoning RTAIL
Parking Spaces 25 spaces
Parking per 1,000 SqFt 9.87
Ground Lease No
Sale Condition Distressed

** Pre-Approved Banks Short Sale **

Marketing 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.

Investment highlights

  • Bank Pre-Approved Short Sale offering an opportunity to acquire a fully improved commercial property at an exceptional value.
  • Turnkey Fast-Food Restaurant with a complete commercial kitchen, allowing a new operator to significantly reduce build-out costs and startup time.
  • Existing Drive-Thru Capability with a dedicated curb cut directly on Rand Road.
  • All FF&E Included, including furniture, fixtures, equipment, black iron exhaust hoods, fire-suppression systems, and a walk-in cooler.
  • Freestanding Masonry Building totaling approximately 2,533 square feet on a substantial 23,391-square-foot commercial site.
  • Prime Rand Road Location within Mount Prospect’s established retail and restaurant corridor.
  • Excellent Visibility and Traffic Exposure, with approximately 17,600 vehicles passing the property daily.
  • Approximately 25 Parking Spaces conveniently located along the side and rear of the building.
  • Directly Across from Menards and surrounded by major national retailers and restaurants.
  • Strong Retail Trade Area featuring Walmart, Aldi, Subway, Bowlero, Texas Roadhouse, Buona Beef, Dunkin’, and other established businesses.
  • Desirable B-5 Zoning, providing excellent potential for restaurant, retail, or other commercial uses permitted by the municipality.
  • Modernized Building Improvements, including an updated façade, modern windows, rooftop HVAC upgrades, tuckpointing, and 200-amp electrical service.
  • Second-Floor Expansion Potential, with the possibility of adding additional space or an outdoor dining area, subject to municipal approval.
  • Close to Major Highways and Public Transportation, offering convenient accessibility for customers and employees.
  • Ideal for Owner-Users or Investors seeking a high-visibility commercial property with existing infrastructure and strong long-term potential.
  • Rare Opportunity to Save on Replacement Costs by acquiring an already-built restaurant property with valuable drive-thru and kitchen improvements in place.

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Listing Contacts

BT
IL 471008459
RE/MAX AT HOME
Listed by RE/MAX AT HOME

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