Rand Road Retail Redevelopment
For Lease
Contact for pricing
SEC Rand Road & Palatine Road, Springfield, IL 60004
Retail spaces and outlots available in Arlington Heights, Illinois.
Space Size2,169 SF - 11,841 SF
Property Size62,524 SF
Days on Market283
Property Features for SEC Rand Road & Palatine Road
General Information
Standard status
Active
Size
2,169 SF - 11,841 SF
Property subtype
Retail
Building Details
Building Size
62,524 SF
Spaces For Lease
at SEC Rand Road & Palatine Road Contact us- Size
- 2,169 SF
- Term
- Negotiable
- Rate
- Contact for pricing
Outlot #103
- Size
- 2,392 SF
- Term
- Negotiable
- Rate
- Contact for pricing
Outlot #104
- Size
- 4,800 SF
- Term
- Negotiable
- Rate
- Contact for pricing
Outlot #105
- Size
- 11,841 SF
- Term
- Negotiable
- Rate
- Contact for pricing
Suite 1
Listing Agency:
Mid-America Real Estate Group | Chicago
Listed By:
Brian Adams
(630) 954-7512
Source:
Midamericagrp
Added: Nov 24, 2025
Changed: Sep 3
Last Checked: Aug 8 at 4:20AM
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 | Chicago
Investment Insights
Based on property information with market context.
This property presents a redevelopment opportunity situated in the heart of the Rand Road corridor, located at the intersection of three major six-lane roads. A comprehensive update is planned, including a new parking lot, lighting, landscaping, facades, and awnings. The location benefits from proximity to a major intersection with combined traffic counts exceeding 190,000 vehicles per day. Available spaces include a 2,169 square foot outlot with a drive-thru, and 11,841 divisible square feet in the North Shops. South Shops outlots offer pad opportunities on approximately 2.21 acres. A new multi-tenant building on Palatine Road with a drive-thru is slated for delivery in Spring 2023. Chipotle is relocating to a freestanding location with a Chipotlane, with an opening planned for Spring 2023. At Home furniture is expected to open in February 2023. The South Shop area is available for sale or lease redevelopment, with outlots up to 40,000 square feet or build-to-suit options on approximately 2.21 acres. Redevelopment of common areas is scheduled to begin in Summer 2023. The property offers flexible square footage and the opportunity to join new tenants such as AT&T, Consumers Credit Union, and future Bibibop. Plans include a facade uplift to the South Shops, along with shopping center enhancements including a new parking lot, landscaping, and lighting.
Key Highlights
- High‑traffic location: Over 190,000 vehicles per day pass by at the major intersection.
- Redevelopment Opportunity: For Sale or Lease redevelopment of South Shop area. Outlots up to 40k SF or BTS on ~2.21 acres.
- New Multi‑Tenant Building: Available on Palatine Rd with drive‑thru (Delivery Spring 2023).
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
3,767
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60004, IL
52,546
Population
21,181
Households
2.5
Avg Household Size
42
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
4,734
Density / Sq Mi
$124,962
Median Household Income
$66,476
Median Earnings
$1,703
Median Rent
$415,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Old Town Mall — 3 W Old State Capitol Plaza, Springfield, IL 62701
Frequently Asked Questions
What type of property is this?
Shopping center - Retail spaces and outlots available in Arlington Heights, Illinois.
Where is this shopping center located?
The property is located at SEC Rand Road & Palatine Road Springfield, IL.
What are key features of this property?
This property features: High‑traffic location: Over 190,000 vehicles per day pass by at the major intersection.; Redevelopment Opportunity: For Sale or Lease redevelopment of South Shop area. Outlots up to 40k SF or BTS on ~2.21 acres.; New Multi‑Tenant Building: Available on Palatine Rd with drive‑thru (Delivery Spring 2023).
