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0 Beds
2,533 sqft

$1,350,000

720 E Rand Road, Mount Prospect IL, 60056

Price per sqft$532.96
Built in1994
Property size2,533 sqft
Property typeCommercial
Listed by Basel Tarabein with RE/MAX At Home 847-828-2243

Overview

Under contract

Contingent

Listed Jul 20, 2026

Updated 11 days ago

**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.

Additional information

MLS® ID
12705773

Interior Features

Bedrooms
0
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.54 Acres

Other Property Details

Taxes
$39,702
Tax Frequency
Annually
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Listed by Basel Tarabein with RE/MAX At Home 847-828-2243

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Dino Hasapis are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

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Data is refreshed every 3 hours. Listing last updated 4:23 AM UTC on 9/15/2026. 

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