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    Rand & Elmhurst Rd Mount Prospect, IL 60056

    Sponsored
    For Lease
    Contact for pricing

    Prime Mount Prospect Retail Power Center

    Lot size:
    318,693 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Randhurst Village, a prominent power center in Mount Prospect, Illinois, offers an exceptional opportunity for retail businesses seeking high-visibility locations. This expansive property, located at the intersection of Rand and Elmhurst Road (zip code 60056), boasts a total of 318,693 square feet of retail space. Currently, there are 26 available spaces ranging from a minimum of 531 square feet to a maximum contiguous space of 68,743 square feet, providing flexibility for businesses of various sizes. The significant amount of vacant space, totaling 258,591 square feet, presents a unique chance to establish a strong presence in a thriving Cook County market. This multi-tenant property is ideally situated for businesses seeking high foot traffic and convenient access for customers. The property's location in Mount Prospect offers excellent visibility and accessibility, making it an attractive option for a wide range of retail concepts. The available spaces are adaptable and can be configured to meet the specific needs of prospective tenants. This is a rare opportunity to secure prime retail space in a well-established and highly visible power center. Contact us to learn more about the available spaces and leasing options.

    Property Features for 0 Rand & Elmhurst Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    318,693 SF

    Unit(s) available at that property

    Space
    Outlot N (Build to Suit)
    Size
    43,560 SF
    Space
    Pad 2
    Size
    5,998 SF
    Space
    H101
    Size
    6,939 SF
    Space
    C124
    Size
    3,400 SF
    Space
    C104
    Size
    2,651 SF
    Space
    100-UL
    Size
    66,425 SF
    Space
    C246
    Size
    531 SF
    Space
    A118
    Size
    6,262 SF
    Space
    C103
    Size
    8,115 SF
    Space
    G200
    Size
    1,646 SF
    Space
    T100
    Size
    34,690 SF
    Space
    E101B
    Size
    1,881 SF
    Space
    G107
    Size
    1,193 SF
    Space
    Suite G101
    Size
    6,316 SF
    Space
    Outlot EO (Build to Suit)
    Size
    43,560 SF
    Space
    B101
    Size
    3,436 SF
    Space
    C200
    Size
    6,967 SF
    Space
    H103
    Size
    4,500 SF
    Space
    E0200
    Size
    1,710 SF
    Space
    100-LL
    Size
    68,743 SF
    Space
    D101
    Size
    2,888 SF
    Space
    Pad 4
    Size
    3,748 SF
    Space
    G109
    Size
    1,497 SF
    Space
    A107
    Size
    5,000 SF
    Space
    C101A
    Size
    868 SF
    Space
    T101
    Size
    3,613 SF

    HighLights

    • One million square foot regional power center.
    • Twelve major anchor tenants.
    • Ranked fourth busiest power center in Illinois.
    • 7.3 million annual customer visits.
    • Strong performing anchor tenants.
    • Over 140,000 weekly vehicle counts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mount Prospect
    County
    Cook
    State
    Illinois
    Longitude
    -87.9368831
    Latitude
    42.0813098

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    FAQs

    What type of property is this?
    Retail property - Prime Mount Prospect Retail Power Center
    Where is this retail property located?
    The property is located at Rand & Elmhurst Rd Mount Prospect, IL.
    What are key features of this property?
    This property features: One million square foot regional power center.; Twelve major anchor tenants.; Ranked fourth busiest power center in Illinois.
    Request Owner's contact information
    Rand & Elmhurst Rd Mount Prospect, IL 60056
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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
    Rand & Elmhurst Rd Mount Prospect, IL 60056
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