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Grocery-Anchored Shopping Center
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940-1100 E Rand Rd, Mount Prospect, IL 60056

Grocery and soft-goods anchored center on Rand Road at the corner of Central Road, with major national tenants.

Property Size887 SF
Days on Market1220

Property Features for 940-1100 E Rand Rd

General Information

Standard status Active
Size 887 SF
Property subtype RETAIL
Listing Agency: Mid-America Real Estate Group | Oakbrook Terrace
Listed By: Kate Ruzevich
Source: Moodyscre
Added: Mar 29, 2023 Changed: Jul 29 Last Checked: Jul 29 at 3:56PM

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 features a strong mix of everyday retail and fitness tenants. Anchors listed include ALDI, Burlington, Marshalls, Ross, and grocery-adjacent value retailers, along with LA Fitness and Dollar Tree and Five Below.

The center is positioned along the East Rand Road retail corridor at the northeast corner of East Rand Road and Central Road. Public remarks indicate 56,400 ADT along East Rand Road, supporting strong daily drive-by exposure for retail users.

With a blend of national anchors and destination-oriented tenants, the property is well suited for retail tenants seeking established co-tenancy within a grocery-forward retail environment.

Key Highlights

  • Grocery and soft‑goods anchored shopping center
  • Anchors include ALDI, Burlington, Marshalls, Ross, and LA Fitness
  • Also listed: Dollar Tree and Five Below

Property Analytics

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

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

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 on Rand Road at the corner of Central Road, with major national tenants.
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; Anchors include ALDI, Burlington, Marshalls, Ross, and LA Fitness; Also listed: Dollar Tree and Five Below
(630) 481-4015 Call to check price and availability
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