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    990 E Rand Rd Mt Prospect, IL 60056

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    For Lease
    Contact for pricing

    Retail space available in a busy shopping center.

    Property size:
    2,600 SF
    Lot size:
    23.59 Acres

    Property Features for 990 E Rand Rd

    General Information

    Size
    2,600 SF
    Lot size
    23.59 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

    Retail Space in Mt Prospect

    This retail space is located within a shopping center anchored by a grocery store and soft-goods retailers, including Aldi, Burlington, Marshalls, Ross, LA Fitness, Dollar Tree, and Five Below. The shopping center is situated in a densely populated and affluent northwest Chicago suburb. It is positioned along the Rand Road retail corridor, specifically at the northeast corner of E Rand Road and Central Road, which experiences a traffic volume of 56,400 vehicles per day. The available retail space measures 2,600 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

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

    Similar Places Nearby

    Randhurst Commons Shopping Center, Mount Prospect Plaza, Randhurst Village, Clocktower Place

    Location Insight

    • Map
    • Local Demand
    City
    Mt Prospect
    County
    Cook
    State
    Illinois
    Longitude
    -87.944436
    Latitude
    42.087277

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    FAQs

    What type of property is this?
    Shopping center - Retail space available in a busy shopping center.
    Where is this shopping center located?
    The property is located at 990 E Rand Rd Mt 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 a densely populated, affluent northwest Chicago suburb; - Positioned along the Rand Road retail corridor
    (630) 954-7300
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    990 E Rand Rd Mt Prospect, IL 60056
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    Mt 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
    990 E Rand Rd Mt Prospect, IL 60056
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