Randhurst Crossing — Lease in Mount Prospect, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Mount Prospect, IL 60056
  • Size: 1,629 SF

Photos

Randhurst Crossing — Lease in Mount Prospect, IL, photo 1 of 2
Randhurst Crossing — Lease in Mount Prospect, IL, photo 2 of 2

Description

Outstanding visibility from Rand Road, with maximized frontage and good window lines. - Located in an established area with strong neighborhood demographics, directly across from Randhurst village - Multiple access points into the center off Rand Road and Kensington Road - Area co-tenancy includes: Home Depot, Carson's, Office Max, Sports Authority, Costco, AMC Cinema, Firestone. Outdoor seating possible and ample parking available - Monument signage and store front signage available - FedEx Office, Haircuttery, Regis Salon and highly frequented Starbucks co-tenants - Situated at a lighted intersection, with solid traffic count.

Market Context

This retail in Mount Prospect, IL is listed for lease across 1,629 SF. Compare it against other retail listings for lease in Mount Prospect, IL — view the full market.

As of Q4 2025, the Chicago retail market showed a 5.1% vacancy rate, average asking rents near $19.00/SF/yr, rents up 2.4% year over year, and cap rates around 7.9%. Source: multiple brokerage reports, Q4 2025.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

What is the typical cap rate for retail in Chicago?
About 7.9% as of Q4 2025, per multiple brokerage reports.
Is the Chicago retail market tightening or softening?
Vacancy is around 5.1%, with asking rents rising year over year (Q4 2025).

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