Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Well-Appointed Office Building For Sale Title is generated by Realmo AI

    1125 N Prospect Ave, Itasca, IL 60143

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Freestanding office building with ample parking and golf course views.

    Type:Office
    Property size:
    5,180 SF
    Price / SF:
    $244/SF
    Added:
    Feb 23, 2026
    Days on Market:
    78
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 1125 N Prospect Ave

    General Information

    Standard status
    Active
    Size
    5,180 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Matt Hanson

    Listing agent Matt Hanson License #IL

    Listing office Brown Commercial Group Inc

    Listing date Feb 23, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Brown Commercial Group Inc

    HighLights

    • Free‑standing building with ample paved parking.
    • Fantastic aesthetics with incredible window‑lines and golf course views.
    • Association fees cover all exterior maintenance (landscaping, snow removal, sealcoating, trash removal, etc.).
    • Great business park location.
    • Well‑appointed office building.
    • Situated between I‑290 and Illinois Rte. 390 Tollway.

    Overview

    This is a high-image, free-standing, well-appointed office building available for sale. The property features ample paved parking and is situated in a business park location between I-290 and Illinois Rte. 390 Tollway. The building offers appealing aesthetics with significant window lines and views of a golf course. The association fees cover all exterior maintenance, including landscaping, snow removal, seal coating, and trash removal. The property has a size of 5180 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    JRP Virtual Theater & Performing Art Venue Rathsburg Electronics & Wireless Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Itasca
    County
    DuPage
    State
    Illinois
    Longitude
    -87.99962
    Latitude
    41.9872343

    Nearby Similar for Sale

    • $105
      13,600 SF

      Itasca Facility with High-End Office

      13,600 SF facility with 12,000 SF of office space.
      125 N Prospect Ave, Itasca, IL 60143
      View Details
    • $12
      172,498 SF

      Spring Lake Executive Campus

      Single-story office campus near O'Hare with ample parking.
      901-1099 Hawthorn & 220-248 Spring Lake, Itasca, IL 60143
      View Details
    • $8,450,000
      66,490 SF

      Itasca Warehouse with Interior Docks

      66,490 SF warehouse with interior docks available for lease.
      1135 Baker Dr, Itasca, IL
      View Details
    • $1,095,000
      7,000 SF

      Itasca Warehouse with Retail Exposure

      7,000 SF warehouse with retail exposure in Itasca, IL.
      115 N Prospect Ave, Itasca, IL
      View Details
    • Contact for pricing
      251,909 SF

      Itasca Industrial Building For Sale

      251,909 SF industrial building in Itasca, Illinois.
      1455 W Thorndale Avenue, Itasca, IL 60143
      View Details
    • $15,824,557
      59,592 SF

      Itasca Office Building For Sale

      59,592 SqFt office building with 7.00% CAP rate.
      250 E Devon Ave, Itasca, IL 60143
      View Details

    FAQs

    What type of property is this?
    Office building - Freestanding office building with ample parking and golf course views.
    Where is this office building located?
    The property is located at 1125 N Prospect Ave Itasca, IL.
    What is the asking price?
    The asking price for this property is $1,269,000.
    What are key features of this property?
    This property features: Free‑standing building with ample paved parking.; Fantastic aesthetics with incredible window‑lines and golf course views.; Association fees cover all exterior maintenance (landscaping, snow removal, sealcoating, trash removal, etc.).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matt Hanson
    Real Estate License ID: IL
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1125 N Prospect Ave, Itasca, IL 60143
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!