301 E Rand Rd, Mount Prospect, IL

Retail for Sale - $850,000 - 8,125 Sq. Ft. on 0.73 acres

Agent Info

George Spirrison
Adelphia Properties

Property Info

  301 E Rand Rd
  Mount Prospect IL 60056
UpdatedJuly 6th, 2020
Building8,125 Sq. Ft.
Land0.73 acres


Property Description

* Excellent Opportunity for User/Investor to Acquire a 8,125 SF Value-Add Retail Center - 23.30% Occupied

* Add-Value Opportunity & Cap Rate Growth w/ Significant Upside Through Leasing the Remaining 6,232 Square Feet of Vacant End Cap Spaces

* Hard Corner Offering Outstanding Frontage, High Visibility Site & Easy Access Point

* Over 335 Feet of Prime Frontage on Rand Rd

* Ideally Situated on Major Heavily Traveled Rand Rd Retail Commercial Corridor Thoroughfare w/ tons of Nationals

* Close Proximately to Randhurst Village Shopping Center Featuring AMC Theater, Costco, Home Depot, PetSmart, & 140-Room Hampton Inn & Suites, Prospect High School, I-294, I-290, & I-90 Expressways

* Strong Daytime Population & Residential Density

* Over 325,000 People Within 5 Mile Radius

* Average Annual HH Income in Excess of $103,100 Within 5 Mile Radius

* High Traffic Counts

* Monumental Street Signage

* Outstanding Hard Corner for Redevelopment

* Priced Below Replacement Cost

Similar Listings