For Lease
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Property summary
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
VerifiedCap rate & NOI
Current use
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Church
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Shopping Center & Mall
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Hotel & Motel
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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