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Grocery-Anchored Retail Shopping Center
For Lease
Contact for pricing
Pending

940-1100 E Rand Rd, Mount Prospect, IL 60056

Grocery and soft-goods anchored center with major retailers, positioned at the Rand/Central road corner with 56,400 ADT.

Space Size5,004 SF
Days on Market1263

Property Features for 940-1100 E Rand Rd

General Information

Standard status Pending
Size 5,004 SF
Property subtype RETAIL

Site & Location

Traffic Count 56,400 vehicles/day
Road Access Yes

Building Details

Tenancy Multi

Spaces For Lease

at 940-1100 E Rand Rd Contact us

940 - 1100 E Rand Rd

Floor
1
Size
5,004 SF
Type
RETAIL
Rate
Contact for pricing
Availability
PENDING, Now
Sublease
No
- Grocery and soft-goods anchored shopping center, featuring aldi, burlington, marshalls,...
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Contact us
Listing Agency: Mid-America Real Estate Group | Oakbrook Terrace
Listed By: Kate Ruzevich
Source: Moodyscre
Added: Mar 29, 2023 Changed: Aug 8 Last Checked: Sep 10 at 11:36AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mid-America Real Estate Group | Oakbrook Terrace

Investment Insights

Based on property information with market context.

This grocery and soft-goods anchored shopping center offers retail space for lease within a tenant mix that includes ALDI, Burlington, Marshalls, Ross, LA Fitness, Dollar Tree, and Five Below.

Located at the northeast corner of East Rand Road and Central Road in Mount Prospect, Illinois, the center sits along the East Rand Road retail corridor and is positioned for visibility with 56,400 ADT.

The property is a commercial retail shopping center configured to support neighborhood shopping and everyday needs, supported by its established anchor and value-oriented tenant roster.

Key Highlights

  • Grocery and soft‑goods anchored shopping center featuring Aldi, Burlington, Marshalls, Ross, LA Fitness, Dollar Tree, and Five Below
  • Located in Mount Prospect, Illinois, along the East Rand Road retail corridor
  • Situated at the northeast corner of East Rand Road and Central Road

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Restaurant Auto Parts Store Hair Salon Hotel & Motel Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

56,400 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

810
Businesses Nearby
446k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Superstores 25% Apparel 22% Dining 19% Shops & Services 13%
Walmart Superstores
110,749 visits/mo 0.2 miles
Menards Home Improvements & Furnishings
53,779 visits/mo 0.4 miles
Marshalls Apparel
44,268 visits/mo 0.2 miles
Burlington Apparel
33,037 visits/mo 0.2 miles
Texas Roadhouse Dining
30,063 visits/mo 0.2 miles

Demographics for 60056, IL

57,177
Population
23,202
Households
2.5
Avg Household Size
41
Median Age
49%
College-Educated
92%
High-School Grad
10.9 sq mi
ZIP Area
5,246
Density / Sq Mi
$104,168
Median Household Income
$54,158
Median Earnings
$1,456
Median Rent
$376,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Mount Prospect Plaza 1084 Mt Prospect Plaza, Mt Prospect, IL 60056

Frequently Asked Questions

What type of property is this?
Shopping center - Grocery and soft-goods anchored center with major retailers, positioned at the Rand/Central road corner with 56,400 ADT.
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, along the East Rand Road retail corridor; Situated at the northeast corner of East Rand Road and Central Road
(630) 481-4015 Call to check price and availability
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