Share This Listing

Message

965 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • Highly Trafficked Area
  • Turnkey Operation
  • Drive Through

Executive Summary

?? RARE DRIVE-THRU OPPORTUNITY | TURNKEY FAST-CASUAL RESTAURANT | RAND ROAD CORRIDOR
Seize this exceptional chance to acquire one of the most coveted drive-thru-enabled properties in Chicago's densely populated northwest suburbs. Located at 720 E. Rand Road in Mount Prospect, this fully built-out, turnkey restaurant building sits in the heart of one of the region's most proven and trafficked retail corridors — a location that simply does not come available often.
THE PROPERTY
This freestanding masonry building offers 2,533 SF of fully operational fast-food/QSR space on a generous 23,391 SF lot (approx. 0.54 acres) — zoned B-5 for maximum commercial flexibility. The existing drive-thru with dedicated curb cut directly on Rand Road is a game-changer: drive-thru-capable sites in this submarket are extraordinarily scarce, and this one is already fully permitted and operational. Skip the years of entitlement headaches and step directly into a high-performing location.
TRULY TURNKEY — NOTHING LEFT TO DO
This is not a shell — it is a completely finished, restaurant-ready facility. All furniture, fixtures & equipment are included: full commercial kitchen with all black iron hoods and fire suppression systems, walk-in cooler, 25-space parking lot, modern façade, updated windows, upgraded rooftop HVAC, fresh tuckpointing, and 200-amp electric service. The second floor presents a compelling value-add opportunity — envision a rooftop or elevated outdoor dining terrace that would make this concept truly destination-worthy.
THE LOCATION — WHERE THE NUMBERS SPEAK
Positioned just south of the signalized intersection of Rand Road and Central Road, this site captures 17,600+ vehicles per day with outstanding visibility, monument signage potential, and effortless ingress/egress. Surrounded by some of the strongest retail co-tenancy in the northwest suburbs: Menards (directly adjacent), Walmart, ALDI, Texas Roadhouse, Dunkin', Buona Beef, Subway, and Bowlero. Dense residential neighborhoods surround the corridor, fueling consistent, day-part-diverse consumer demand. Excellent proximity to regional highways and Metra/pace public transit further extends your customer draw.
IDEAL FOR:
QSR / Fast Casual Operators (coffee, donut, breakfast, chicken, burgers, tacos)
Franchise Repositioning / New Concept Entry
Owner-Users Seeking Below-Replacement-Cost Acquisition
Investors Seeking NNN Leased Asset Upside
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, financials, and tours.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,229 SF
Building Class
C
Year Built
1994
Price
$2,185,993 CAD
Price Per SF
$980.71 CAD
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
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

Texas Roadhouse
Jenny Craig
LA Fitness
BMO
U.S. Bank
Polish & Slavic Federal Credit Union
Huntington National Bank
Fifth Third Bank
Chase Bank
Orangetheory Fitness

Property Taxes

Property Taxes

Parcel Number
03-34-407-014-0000
Land Assessment
$119,790 CAD
Improvements Assessment
$105,544 CAD
Total Assessment
$225,334 CAD
  • Listing ID: 40232923

  • Date on Market: 2026-04-21

  • Last Updated:

  • Address: 720 E Rand Rd, Mount Prospect, IL 60056

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}