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720 E Rand Rd 2,229 SF Retail Building Mount Prospect, IL 60056 $1,895,000 ($850.16/SF)
INVESTMENT HIGHLIGHTS
- Don't miss out on this one!! For Sale, Turnkey masonry construction fast food restaurant building with Existing Drive Thru Capability with curb cut
- Fantastic opportunity to own or lease a freestanding commercial building In the Mount Prospect Retail and Fast food corridor along Rand Road B-5 Zonin
- Full commercial fast food buildout, all black iron hoods and fire suppression are in place, all furniture, fixtures, and equipment, Walk in Cooler,
- The Building is 2,533 SQ FT, The land site is 23,391 SQ FT Just South of the Hard stoplight corner of Rand Road Avenue and Central Road. Fantastic opp
- Prime location, Immense potential, This fully built out restaurant offers an excellent opportunity for users to take advantage of high traffic counts,
- The Building is completely done. Absolute turnkey. Don't miss this chance to take over a prime fast food property in a prime suburban market!
EXECUTIVE SUMMARY
Don't miss out on this one!! For Sale, Turnkey masonry construction fast food restaurant building with Existing Drive Thru Capability with curb cut on Rand Road. The Building is 2,533 SQ FT, The land site is 23,391 SQ FT Just South of the Hard stoplight corner of Rand Road Avenue and Central Road. Fantastic opportunity to own or lease a freestanding commercial building In the Mount Prospect Retail and Fast food corridor along Rand Road B-5 Zoning, Prime location, Immense potential, This fully built out restaurant offers an excellent opportunity for users to take advantage of high traffic counts, Fully built-out kitchen Full commercial fast food buildout, all black iron hoods and fire suppression are in place, all furniture, fixtures, and equipment, Walk in Cooler, All FF&E Included, The Building is completely done. Absolute turnkey. Don't miss this chance to take over a prime fast food property in a prime suburban market! Modern facade, Modern Windows, upgraded heat and HVAC on roof, tuckpointing, 200 Amp Electric, modern functionality. Great Location, Very Heavy traffic, High Visibility, 17,600 Vehicles pass this location a day, 17,600 VPD, 25 car parking in side and rear parking lot, literally right in front of the Mount Prospect Menards, This property has a second floor and the new owner can build up and add an outdoor second floor eating area. Close to Area Highways and Public Transportation, Business Area retailers include Menards, Walmart, Aldi, Subway, Bowlero, Texas Roadhouse, Buona beef, Dunkin Lot Dimensions - 289.8X29.8X241.6X147.3 Pin Number - 03344070140000 Do not bother the tenant, Call the listing broker for all showings.
TAXES & OPERATING EXPENSES (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$39,701
|
$17.81
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$39,701
|
$17.81
|
TAXES & OPERATING EXPENSES (ACTUAL - 2023)
| Taxes | |
|---|---|
| Annual | $39,701 |
| Annual Per SF | $17.81 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $39,701 |
| Annual Per SF | $17.81 |
PROPERTY FACTS
Sale Type
Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
2,229 SF
Building Class
C
Year Built
1994
Price
$1,895,000
Price Per SF
$850.16
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.55 AC
Zoning
B-4 - Corridor Commercial District
Parking
26 Spaces (11.66 Spaces per 1,000 SF Leased)
Frontage
293’ on E. Rand
AMENITIES
- Signage
- Drive Thru
Walk Score®
Very Walkable (70)
Bike Score®
Very Bikeable (74)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 03-34-407-014-0000 | Total Assessment | $142,792 (2024) |
| Land Assessment | $58,478 (2024) | Annual Taxes | $39,701 ($17.81/SF) |
| Improvements Assessment | $84,314 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
03-34-407-014-0000
Land Assessment
$58,478 (2024)
Improvements Assessment
$84,314 (2024)
Total Assessment
$142,792 (2024)
Annual Taxes
$39,701 ($17.81/SF)
Tax Year
2023
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720 E Rand Rd
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