October 24, 2021 – Logan Barnett of Horvath & Tremblay has successfully completed the sale of the 720 E Rand Road in Mount Prospect, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $640,000.
720 E Rand Road in Mount Prospect, Illinois is a vacant single-tenant retail building with functional mezzanine space of 2,229 square feet on a 0.55-acre parcel of land. 720 E Rand Road (US Route 12) is located in Mount Prospect’s Commercial District and is an outparcel to a Menard’s, and just 1/3-mile from Mount Prospect Plaza which is anchored by Walmart and ALDI. The property presents a unique redevelopment opportunity in a strong rental market. The Property is well-located on E Rand Road (US Route 12), about 3-miles northwest of downtown Des Plaines. The Mount Prospect Metra Station, with service on the Union Pacific / North Line, is just 1.5 miles from the Property at the intersection of S Main Street and E Northwest Highway (US Route 14). The Property is 2.5-miles from US Route 45 and 3.5-miles from Interstate 294. The Property is situated on a well-located parcel in the middle of a dense retail corridor with multiple national tenants that draw traffic to the area. The strategic location offers outstanding visibility and access and can be re-tenanted or redeveloped to take advantage of the strong traffic counts and solid demographics surrounding the property.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.