1 Rand RdMount Prospect, IL 60056

Property Details for 1 Rand Rd

Year built

2000

Lot size

2.18 AC

Property type

Retail space

APN

03-34-200-001

APU

334200001

Description

This exceptional retail opportunity presents 22,000 square feet of vacant space at 1 East Rand Road in Mount Prospect, Illinois, within Cook County. The property is ideally situated at the intersection of Rand, Kensington, and Main (Route 83), offering unparalleled visibility and accessibility. This multi-tenant building allows for flexible leasing options, with spaces ranging from a minimum of 1,000 square feet to a maximum contiguous space of 12,000 square feet. The property's strategic location directly across from Randhurst Village ensures high foot traffic and exposure to a diverse customer base. Benefit from the strong presence of established businesses in the immediate vicinity, including O'Reilly Auto Parts, ATI Physical Therapy, Starbucks, Firehouse Subs, AMC Theatres, Bed Bath & Beyond, Costco, Chase Bank, and Jewel-Osco. The high traffic volume on Rand Road (24,400 vehicles per day) and Main Street (18,400 vehicles per day) guarantees significant daily exposure for your business. This is a rare opportunity to establish or expand your retail or restaurant presence in a thriving, high-demand location. The property is classified as Retail and Restaurant, with a Storefront subtype. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $25,205,114

  6.5%

  $23,266,258

  7%

  $21,604,384

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,294,672

  Geo Method

  $31,169,050

• Alternative Use

  Use

  Valuation

  Residential

  $19,625,960

  Hospitality

  $17,977,274

  Educational

  $14,956,881

  Medical

  $15,471,271

  Retail

  $23,266,258

Location Insight

City

Mount Prospect

County

Cook

State

Illinois

Latitude

42.0801

Longitude

-87.9361

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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