This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Joe Donut | QSR Owner-User Opportunity 720 E Rand Rd

2,229 SF Retail Building Mount Prospect, IL 60056 £1,303,516 (£585/SF)

Investment Highlights

  • Highly Traveled Location + Strong Demos
  • Fully Renovated Building + Drive Thru
  • Menards Anchor + Walmart Shadow
  • Turn-Key Business or Repositioning Site

Executive Summary

All Fixtures, Furniture and Equipment are included. Business licensing agreement is optional for qualified buyers to assume. Building has been fully renovated in 2024.

Attachments

Joe Donut Flyer

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
Business Value Included
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,229 SF
Building Class
C
Year Built/Renovated
1994/2024
Price
£1,303,516
Price Per SF
£585
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Land Acres
0.55 AC
Zoning
B-4 - Corridor Commercial District
Parking
26 Spaces (11.66 Spaces per 1,000 SF Leased)
Frontage
293 ft on E. Rand

Amenities

  • Signage
  • Drive Thru

About 720 E Rand Rd , Mount Prospect, IL 60056

-The property sits directly adjacent to a well-trafficked signalized corner intersection in a major trade area with many national retailers surrounding the property. The site benefits from strong traffic counts of just over 20,000 vehicles passing by per day and benefits from excellent demographics with an average house-hold income of nearly $130,000 within a 1-mile radius. -The Property is located directly in front of a Menards and is shadow anchored by a Walmart Supercenter and the Mount Prospect Plaza; a 207,075 square foot shopping center that includes tenants such as LA Fitness, Burlington, Marshalls, Ross, ALDI, Dollar Tree, Five Below, AutoZone, Sally Beauty and Massage Envy. -The property benefits both developers and potential owner users from being newly renovated in 2024 which will help off-set a large tenant improvement package for re-tenanting the building. The brick building is in excellent condition which has great visibility and LED signage on Rand Road. -All fixtures, furniture and equipment (FF&E) are included and buyers have the option to assume the Joe Donut Licensing Agreement to operate a turn-key business. Based on the location and building size, the property will serve as an ideal repositioning into a new QSR, fast-casual, coffee, or service-oriented concept that can benefit from the high vehicle traffic and drive-thru attached to the building.

Walk Score ®
Very Walkable (71)
Bike Score ®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

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

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-34-407-014-0000
Land Assessment
£46,139
Improvements Assessment
£66,524
Total Assessment
£112,663
  • Listing ID: 33839944

  • Date on Market: 12/11/2024

  • Last Updated:

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

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() }} characters 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') }}