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    940-1100 E Rand Rd Mount Prospect, IL 60056

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    For Lease
    Contact for pricing

    Retail space in a grocery and soft-goods anchored shopping center.

    Property size:
    5,004 SF
    Lot size:
    26.45 Acres

    Property Features for 940-1100 E Rand Rd

    General Information

    Size
    5,004 SF
    Lot size
    26.45 Acres

    Source: Mid-America Real Estate Group Agent Kate Ruzevich

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mount Prospect Retail Space Available

    This retail space is located within a grocery and soft-goods anchored shopping center featuring Aldi, Burlington, Marshalls, Ross, LA Fitness, Dollar Tree, and Five Below. The property is situated in Mount Prospect, Illinois, a densely populated and affluent northwest Chicago suburb. It is positioned along the East Rand Road retail corridor, at the northeast corner of East Rand Road and Central Road, which experiences an average daily traffic of 56,400 vehicles. The available space measures 5,004 square feet.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Mount Prospect Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Mount Prospect
    County
    Cook
    State
    Illinois
    Longitude
    -87.9223953
    Latitude
    42.067487

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    FAQs

    What type of property is this?
    Shopping center - Retail space in a grocery and soft-goods anchored shopping center.
    Where is this shopping center located?
    The property is located at 940-1100 E Rand Rd Mount Prospect, IL.
    What are key features of this property?
    This property features: - Grocery and soft-goods anchored shopping center featuring Aldi, Burlington, Marshalls, Ross, LA Fitness, Dollar Tree, and Five Below.; - Located in Mount Prospect, Illinois.; - Densely populated, affluent northwest Chicago suburb location.
    (630) 954-7300
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    Mount Prospect, IL 60056
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    940-1100 E Rand Rd Mount Prospect, IL 60056
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