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Conventional Restaurant Property
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702-712 N River Rd, Mount Prospect, IL 60056

An established restaurant site includes a sizable building and a tenant with more than 18 years of occupancy.

Property SizeContact for details
Days on Market145

Property Features for 702-712 N River Rd

General Information

Standard status Active
Property subtype Retail
Listing Agency: Kudan Group
Listed By: Jarrett Fradin · License #IL
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 29 at 1:32PM

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 Kudan Group

Investment Insights

Based on property information with market context.

This conventional restaurant property includes a 4,669 SF building on two acres of land. The existing structure is occupied by a tenant that has remained in place for over 18 years, providing an established operating history at the site. The property supports continued restaurant/bar use, with development or expansion also identified as potential directions.

The site is positioned between Golf Rd. and Milwaukee Ave. in Mount Prospect, near the Des Plaines River and along the edge of the Cook County Forest Preserve. Its combination of land area, an existing commercial building, and an established restaurant-related occupancy creates a flexible setting for continued use or future site planning.

Key Highlights

  • Two acres of land with an existing 4,669 SF building
  • Current tenant in place for over 18 years
  • Supports continued restaurant/bar use, development, or expansion

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Law Firm Restaurant Hair Salon Auto Repair Shop Big Box & Wholesale Store Dental Office

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

Location Intelligence

Trade Area within ½ mile

115
Businesses Nearby
Under-served
Demand for This Use

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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - An established restaurant site includes a sizable building and a tenant with more than 18 years of occupancy.
Where is this conventional restaurant located?
The property is located at 702-712 N River Rd Mount Prospect, IL.
What are key features of this property?
This property features: Two acres of land with an existing 4,669 SF building; Current tenant in place for over 18 years; Supports continued restaurant/bar use, development, or expansion
More about this property
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