Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR LEASE
    Retail space

    1 Randhurst Village Dr, Mount Prospect, IL 60056

    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US28-1154127
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • CCF Illinois (CCF Chicago) Christ's Commission Fellowship Church
    • Randhurst Village Shopping Center & Mall
    • Hampton Inn & Suites Chicago/Mt. Prospect Hotel & Motel
    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
    Mcr Mt Prospect Tenant LLC · 1 yrs held
    Mcr Mt Prospect Tenant LLC
    since 2024
    Last sale
    $59.0M
    7 recorded transactions
    2024
    2022
    2022
    2020
    $59.0M
    2018
    2017
    2017
    $12.6M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    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