Property profile

1 Randhurst Village Dr Mount Prospect, IL 60056

FOR LEASE
Retail space
Property ID
US28-1154127
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 1.9-acre development site, located at 1 Randhurst Village Dr, Mount Prospect, IL 60056 (APN 03-27-401-303), presents a unique investment opportunity. Priced at $1,900,000, this property boasts a B3 Community Shopping zoning designation, allowing for a variety of commercial uses. Situated within the thriving Randhurst Village shopping center, anchored by Costco and Home Depot, the site benefits from exceptional visibility and accessibility. Major thoroughfares such as Route 83, Rand Road (Route 12), and Euclid Avenue provide high traffic counts, with Euclid averaging 19,700 vehicles daily and Rand Road exceeding 20,000. The property's strategic location offers convenient access to downtown Chicago (approximately 20 miles) and O'Hare International Airport (4 miles). Proximity to the Mount Prospect Metra station ensures easy commuter access. Randhurst Village itself is a vibrant, open-air mixed-use center featuring over 40 stores and restaurants, creating a strong retail environment. The 2022 real estate taxes totaled $41,506. This site is ideal for developers seeking a high-traffic, well-located parcel in a rapidly growing area. The property's diverse zoning and established surrounding infrastructure make it an attractive proposition for a range of commercial ventures.

Property profile

Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
APN 03-27-401-305
UPID US28-1154127

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church
  • Shopping Center & Mall
  • Hotel & Motel

Location

1 Randhurst Village Dr Mount Prospect, IL 60056
Mount Prospect metro Census 802701 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$59.00M

Owner & transaction history

since 2024
Last sale
$59.0M
7 recorded transactions
2024
Price N/A
2022
Price N/A
2022
Price N/A
2020
$59.0M
2018
Price N/A
2017
Price N/A
2017
$12.6M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message