O'Neil Property Group

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$1,350,000
111 Days On Site

720 E Rand Road
Mount Prospect, IL 60056

For Sale|Retail|Active Under Contract
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
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. 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.

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Listing Snapshot
PriceΒ 
$1,350,000
Days On SiteΒ 
111 Days
BedroomsΒ 
N/A
Inside Area (SqFt)Β 
2,533 sqft
Total BathsΒ 
N/A
Full BathsΒ 
N/A
Partial BathsΒ 
N/A
Lot SizeΒ 
0.537 Acres
Year BuiltΒ 
1994
MLS NumberΒ 
12705773
StatusΒ 
Active Under Contract
Property TaxΒ 
$39,701.93
HOA/Condo/Coop FeesΒ 
N/A
Sq Ft SourceΒ 
N/A
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS
2 months agoStatus changed to Active Under Contract
4 months agoListing first seen on site
General Features
AcresΒ 
0.537
Additional Property UseΒ 
Commercial
FoundationΒ 
Concrete Perimeter
Property Sub TypeΒ 
Retail
SqFt TotalΒ 
2533
UtilitiesΒ 
Natural Gas AvailableSewer ConnectedWater AvailableCable Available
ZoningΒ 
RTAIL
Interior Features
CoolingΒ 
Central Air
FlooringΒ 
ConcreteTileVaries
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Exterior Features
Construction DetailsΒ 
BrickConcreteBlock
Road FrontageΒ 
State Road
RoofΒ 
Membrane
Community Features
MLS AreaΒ 
Mount Prospect
TownshipΒ 
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 2026-11-09 08:09 AM 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: 2026-11-09 08:09 AM UTC
MRED DMCA Copyright Information Copyright Β© 2026 Midwest Real Estate Data LLC. All rights reserved.

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