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$1,350,000
2 Days On Site

720 E Rand Road
Mount Prospect, IL 60056

For Sale|Retail|Active
0
Beds
0
Total Baths
2,533
SqFt
$533
/SqFt
1994
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of RE/MAX At Home
Call Now: 847.967.0022
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847.967.0022
720 E Rand Road720 E Rand Road720 E Rand Road720 E Rand Road
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**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.

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Listing Snapshot
Price 
$1,350,000
Days On Site 
2 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,533 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.537 Acres
Year Built 
1994
MLS® Number 
12705773
Status 
Active
Property Tax 
$39,701.93
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS®
3 days agoListing first seen on site
General Features
Acres 
0.537
Additional Property Use 
Commercial
Foundation 
Concrete Perimeter
Number Of Stories 
2
Property Sub Type 
Retail
SqFt Total 
2533
Utilities 
Natural Gas AvailableSewer ConnectedWater AvailableCable Available
Zoning 
RTAIL
Interior Features
Cooling 
Central Air
Flooring 
ConcreteTileVaries
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Exterior Features
Construction Details 
BrickConcreteBlock
Road Frontage 
State Road
Roof 
Membrane
Community Features
MLS Area 
Mount Prospect
Township 
Wheeling
Listing Courtesy of MRED as distributed by MLS Grid of RE/MAX At Home



Based on information submitted to the MLS GRID as of 2026-07-23 12:53 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-07-23 12:53 PM UTC
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Neighborhood & Commute
Source: Walkscore
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