For Sale
$795,000

864 Rand Rd Des Plaines, IL 60016

1,700 SF Storefront, High Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
131
This fee-simple retail storefront property, located at 864-866 Rand Road in Des Plaines, Illinois, presents a compelling redevelopment opportunity. The 1,700 square foot building sits on a 0.62-acre lot (27,057 square feet) and is currently occupied month-to-month. The property boasts excellent visibility and frontage on Rand Road (US Route 12), a major commercial corridor, at a signalized intersection with N 3rd Avenue. Its C-3 General Commercial zoning allows for diverse uses. The location offers convenient access to Golf Road (IL Route 58), E Northwest Highway (US Route 14), and the Cumberland Metra Station, all within a mile. Major highways (Interstates 294, 90, and 290) are easily accessible, as are Pace Bus routes 208, 221, and 234. The area is densely populated, with over 129,700 people within a 3-mile radius and an average household income exceeding $117,471. Within a 5-mile radius, this figure increases to over 308,900 people with an average household income of over $137,662. Nearby amenities include a mixed-use lifestyle center (Metropolitan Square), a Shop & Save grocery store, and numerous national retailers such as Walmart, Menard's, Mariano's, and more. Daily traffic on Rand Road exceeds 30,600 vehicles. This property is ideal for owner-occupancy, leasing as an investment, or significant redevelopment. The asking price is $795,000, with a land value of $29.38 per square foot. The building was constructed in 1935.

Highlights

  • Fee-simple retail storefront, 1,700 SF, on a 0.62-acre lot (27,057 SF) at 864-866 Rand Rd, Des Plaines, IL. Currently month-to-month tenancy.
  • High visibility on Rand Rd (US Route 12) at a signalized intersection with N 3rd Ave; C-3 General Commercial zoning allows diverse uses.
  • Excellent location: Close proximity to Golf Rd (IL Route 58), E Northwest Hwy (US Route 14), Cumberland Metra Station, and Interstates 294, 90, and 290. Served by Pace Bus routes 208, 221, and 234.
  • Strong demographics: Over 129,700 people within 3 miles, average household income exceeding $117,471; over 308,900 within 5 miles, average household income over $137,662.
  • High traffic counts: Over 30,600 vehicles daily on Rand Rd. Nearby amenities include Metropolitan Square, Shop & Save, Walmart, Menard's, and Mariano's.
  • Asking price: $795,000; land value: $29.38/SF. Built in 1935.

Property Details for 864 Rand Rd

Property type
Retail properties, Retail space
Year Built
1935
Buildings
1
Stories
1
Lot Size (sq. ft)
27,007 SF
Units
1

Location Insight

City
Des Plaines
County
Cook
State
Illinois
Latitude
42.0573385
Longitude
-87.9034631

FAQs

What type of property is this?
Retail property - 1,700 SF Storefront, High Traffic Location
Where is the retail property located?
The property is located at 864 Rand Rd Des Plaines, IL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Fee-simple retail storefront, 1,700 SF, on a 0.62-acre lot (27,057 SF) at 864-866 Rand Rd, Des Plaines, IL. Currently month-to-month tenancy.; High visibility on Rand Rd (US Route 12) at a signalized intersection with N 3rd Ave; C-3 General Commercial zoning allows diverse uses.; Excellent location: Close proximity to Golf Rd (IL Route 58), E Northwest Hwy (US Route 14), Cumberland Metra Station, and Interstates 294, 90, and 290. Served by Pace Bus routes 208, 221, and 234.
How can I contact the broker?
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864 Rand Rd
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