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Joanna Lewkowicz

joanna@boutiquehomerealty.com +1(708) 963-0011

Listed by Basel Tarabeinof RE/MAX At Home

$1,350,000

Est. payment - /mo

2,533 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,533 sqft

Price per Sqft $532

MLS Listing ID 12705773

Year Built 1994

Annual Tax Amount $39,701

Tax Year 2023

Lot Size 0.537 Acres

Lot Dimensions 289.8X29.8X241.6X147.3

Property Sub-Type Retail/Stores

Property 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. BOTTOM LINE: Drive-thru properties in high-traffic suburban Chicago corridors don't last. This is a ready-to-operate, fully equipped, strategically positioned asset with immediate revenue potential and long-term appreciation fundamentals. Whether you're an expanding operator or a savvy investor, 720 E. Rand Road checks every box. Do not disturb tenant. Contact listing broker for all showings, and tours.

Location

State IL

County Cook

Zoning RTAIL

Interior

Cooling Central Air, Chillers

Flooring Concrete, Tile, Varies

Fireplace N

Exterior

Utilities Available Electric to Site, Natural Gas Available, Sewer Connected, Water Available, Cable Available

View Y/N true

Roof Type Membrane,Reflective Coating

Building

Foundation Concrete Perimeter

Sewer Storm Sewer

Water Community Water, Municipal Water

Structure Type Brick,Concrete,Block

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NEARBY SCHOOL & BUSINESS

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Joanna Lewkowicz

Designated Managing Broker | Owner 471.018027471018027

+1(708) 963-0011 | joanna@boutiquehomerealty.com

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720 E Rand RD Mount Prospect, IL 60056

Joanna Lewkowicz

Key Details

Location

Interior

Exterior

Building

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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720 E Rand RD