Listing provided courtesy of Premier Living PropertiesMREDas Distributed by MLSGrid- MLS# 12607080MLS Provider

720 E Rand RoadMount Prospect, IL 60056

Commercial · 2,533 Sq. ft.
$1,499,000 Active

720 E Rand Road Overview

Time on Site:
89 days
Visits:
1

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.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

720 E Rand Road Facts & Features

  • Type Commercial
  • Sq. ft. 2,533
  • Price/Sq.ft. $592

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Net Operating Income: 0

Building Information

  • Year Built: 1994

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Mount Prospect
  • Township: Wheeling

Tax Information

  • Tax Annual Amount: $43,811.12
  • Tax Year: 2024

General Information

  • Parcel Number: 03344070140000
  • Property Type: Commercial Sale
  • Zoning: RTAIL

Interior

Building Interior

  • Building Area Total: 2533

General Information

  • Cooling: Central Air, Chillers
  • Electric: Service - 201 to 600 Amps
  • Flooring: Concrete, Tile, Varies
  • Foundation Details: Concrete Perimeter
  • Leasable Area: 0
  • Stories: 2

Unit Information

  • Unit SqFt.: 2533

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street,County Road,Public Road,State Road,Paved
  • Lot Size Dimensions: 289.8X29.8X241.6X147.3
  • Lot Size Square Feet: 23391
  • Water Source: Community Water, Municipal Water

Building Exterior/Construction

  • Construction Materials: Brick, Concrete, Block
  • Roof: Membrane, Reflective Coating

General Information

  • Number Of Units Total: 1
  • Sewer: Storm Sewer
  • Utilities: Electric to Site,Natural Gas Available,Sewer Connected,Water Available,Cable Available

720 E Rand Road Neighborhood

Community

60056 (Mount Prospect) Demographics

41
Median Age
5,028
Population Density (per sq. mile)
51%
College Educated
$84,116
Estimated Median Income
14,403
Estimated Total Home Owners
6,386
Estimated Total Renters
69% / 31%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

720 E Rand Road Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

720 E Rand Road Market Data

Based on the last 30 days in this zip code

$470,193
Average List Price
$288
Average Price per Square Foot
45
Properties Sold
35
Average Days on Market
135
Properties for Sale
Calculations provided by Reliance Network

720 E Rand Road History

Date Event Value Agent
5/4/2026Source: MRED Status Change
Active
4/29/2026Source: MRED Price Reduction
$1,499,000 -6.3%
4/29/2026Source: MRED Status Change
Price Change
4/6/2026Source: MRED Status Change
Active
4/1/2026Source: MRED Added to Database
April 01, 2026