


720 E Rand RoadMount Prospect, IL 60056
Commercial · 2,533 Sq. ft.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.
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
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
720 E Rand Road Market Data
Based on the last 30 days in this zip code
720 E Rand Road History
| Date | Value | Agent |
|---|---|---|
| 5/4/2026Source: MRED | Active |
|
| 4/29/2026Source: MRED | $1,499,000 -6.3% |
|
| 4/29/2026Source: MRED | Price Change |
|
| 4/6/2026Source: MRED | Active |
|
| 4/1/2026Source: MRED | April 01, 2026 |














































