720 E Rand Road
Mount Prospect, IL, 60056
$1,499,000
Beds
0 Baths
0 SqFt
0 Acres
Add
MLS #MRD12607080 image #0
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.

Property Details

Price:
$1,499,000
MLS #:
MRD12607080
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
mountprospect
Listed Date:
Apr 1, 2026
Total Sq Ft:
2,533
Year Built:
1994
Mount ProspectMountprospect

Ask a Question

See this Listing

Send
  

Schools

Interior

Cooling
Central Air, Chillers
Flooring
Concrete, Tile, Varies

Exterior

Construction Materials
Brick, Concrete, Block
Roof
Membrane, Reflective Coating
Stories
2

Financial

HOA Fee Frequency
Not Applicable
Tax Year
2024
Taxes
$43,811

Map

Community

Market Summary

Current real estate data for Commercial in Mount Prospect as of May 16, 2026
2
Commercial Listed
36
Avg DOM
$1,374,500
Avg List Price

Property Summary

    720 E Rand Road Mount Prospect IL is a Commercial for sale in Mount Prospect, IL, 60056. It is listed for $1,499,000

Similar Listings Nearby

broker reciprocity
MLS# MRD12140978broker reciprocity
1628-30 Rand Road
Des Plaines, IL

$1,917,000

2.9 miles away

broker reciprocity
MLS# MRD12610766broker reciprocity
669-685 Graceland Avenue
Des Plaines, IL

$1,900,000

2.7 miles away

broker reciprocity
MLS# MRD12190640broker reciprocity
1040 S MILWAUKEE Avenue
Wheeling, IL

$1,895,000

3.6 miles away

broker reciprocity
MLS# MRD12456485broker reciprocity
252 Chaddick Drive
Wheeling, IL

$1,749,000

4.4 miles away

broker reciprocity
MLS# MRD12596774broker reciprocity
771-777 Milwaukee Avenue
Glenview, IL

$1,500,000

4.3 miles away

broker reciprocity
MLS# MRD11748706broker reciprocity
1000 W Northwest Highway
Arlington Heights, IL

$1,399,000

3.7 miles away

broker reciprocity
MLS# MRD12597770broker reciprocity
1150 W Northwest Highway
Mount Prospect, IL

$1,250,000

1.3 miles away

broker reciprocity
MLS# MRD12559965broker reciprocity
3404 Salem walk
Northbrook, IL

$1,250,000

3.2 miles away

broker reciprocity
MLS# MRD12634779broker reciprocity
8713 W Ballard Road
Des Plaines, IL

$1,200,000

4.7 miles away

720 E Rand Road
Mount Prospect, IL