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    Property profile & analytics

    802 Rand Rd Mount Prospect, IL 60056

    • Banks
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 24, 2022
    $34,600,000
    Location Intelligence
    Property ID
    US28-3472998
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Banks

    Property Details for 802 Rand Rd

    Property type
    Banks
    APN
    03-35-301-056
    APU
    335301056

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mount Prospect
    County
    Cook
    State
    Illinois
    Longitude
    -87.9215
    Latitude
    42.067
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $91,673
    $118,968
    $202,490
    $321,458
    -
    $475,872
    $809,960
    $1,285,832

    Comparable in this City

    • Value Estimation
      $140,000

      940 Rand Rd

      FINANCIAL BUILDING
      940 Rand Rd, Mount Prospect, IL 60056-2567
      View Details
    • Value Estimation
      $445,000
      0.51 Acres

      168 Wnw Hwy

      FINANCIAL BUILDING • 0.51 Acres
      168 Wnw Hwy, Mt Prospect, IL 60056
      View Details
    • Value Estimation
      $740,000
      0.57 Acres

      320 Enw Hwy

      FINANCIAL BUILDING • 0.57 Acres
      320 Enw Hwy, Mount Prospect, IL 60056-3361
      View Details
    • Value Estimation by Request
      0.48 Acres

      700 Rand Rd

      FINANCIAL BUILDING • 0.48 Acres
      700 Rand Rd, Mount Prospect, IL 60056-2563
      View Details
    • Value Estimation by Request
      0.61 Acres

      1590 Elmhurst Rd

      FINANCIAL BUILDING • 0.61 Acres
      1590 Elmhurst Rd, Mount Prospect, IL 60056-5205
      View Details
    • Value Estimation
      $445,000
      0.55 Acres

      15 Prospect Ave

      FINANCIAL BUILDING • 0.55 Acres
      15 Prospect Ave, Mount Prospect, IL 60056-3212
      View Details

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    Similar Nearby for Lease

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      Mount Prospect Retail Space Available

      Retail space in Mount Prospect with high visibility and parking.
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      Retail space available in a busy Mount Prospect shopping center.
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      Retail spaces available in Kohl's anchored shopping center.
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      2,600 SF

      Retail Space in Mt Prospect

      Retail space available in a busy shopping center.
      990 E Rand Rd, Mt Prospect, IL 60056
      View Details
    • Contact for pricing
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      Mount Prospect Retail Space Available

      Retail space in a grocery and soft-goods anchored shopping center.
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    • Contact for pricing
      33,414 SF

      Retail Space on Rand Road

      Grocery store space with high visibility and loading dock.
      201-225 W Rand Rd, Mt Prospect, IL 60056
      View Details
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    802 Rand Rd
    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
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