Retail•Strip Center•For Sale

VALUE - ADD RETAIL INVESTMENT

263 East Rand Road, Mount Prospect, Illinois 60056

Sale Price $850,000
Bldg Type Multi-Tenant
Class B
Status Existing
Year Built 2002
Stories 1
Market Chicago
Sub-Market Northwest Cook
Value-Add Retail Center | Outstanding Demos | Bite Size Deal | Well-Below Replacement Cost
  • Excellent Opportunity for User/Investor to Acquire a 8,125 SF Value-Add Retail Center - 23.30% Occupied
  • Add-Value Opportunity & Cap Rate Growth w/ Significant Upside Through Leasing the Remaining 6,232 Square Feet of Vacant End Cap Spaces
  • Hard Corner Offering Outstanding Frontage, High Visibility Site & Easy Access Point
  • Over 335 Feet of Prime Frontage on Rand Rd
  • Ideally Situated on Major Heavily Traveled Rand Rd Retail Commercial Corridor Thoroughfare w/ tons of Nationals
  • Close Proximately to Randhurst Village Shopping Center Featuring AMC Theater, Costco, Home Depot, PetSmart, & 140-Room Hampton Inn & Suites, Prospect High School, I-294, I-290, & I-90 Expressways
  • Strong Daytime Population & Residential Density
  • Over 325,000 People Within 5 Mile Radius
  • Average Annual HH Income in Excess of $103,100 Within 5 Mile Radius
  • High Traffic Counts
  • Monumental Street Signage
  • Outstanding Hard Corner for Redevelopment
  • Priced Below Replacement Cost

1 Spaces

Standard Retail
1
12/6/2019 12:00:00 AM 12/19/2019 6:05:22 PM
George Spirrison
Principle
Adelphia Properties
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