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    1601 W Algonquin Rd Mount Prospect, IL 60056

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    For Lease
    Contact for pricing

    Free-standing building suitable for showroom users and contractors.

    Property size:
    21,000 SF
    Lot size:
    5.52 Acres

    Property Features for 1601 W Algonquin Rd

    General Information

    Size
    21,000 SF
    Lot size
    5.52 Acres

    Source: Brown Commercial Group Agent Candace Scurto

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

    Overview

    21,000 SF Free-Standing Building

    This 21,000 square foot free-standing building is available for sale or lease. For lease purposes, the building is divisible into a 9,000 square foot unit and a 12,000 square foot unit. The property includes ample office space and clear heights ranging from 13 to 18 feet. It is situated on a 1.2 acre lot and features 2 interior docks, one with a leveler. There are approximately 25 car parking spaces, plus a yard. The building is equipped with 200 amp, 277/480 volt, 3 phase power. The property is ideal for showroom users and contractors, with potential for extra parking or outside storage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouse Direct Warehouse Advantage Office Interiors Office Furniture Store Kashmir Rolling Papers Tobacco Shop Franz Discount Office ... Office Supply Store

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Similar Places Nearby

    Rite Storage, Padlock Limited, simple moving, Rite Storage, Cardone Record Services Inc

    Location Insight

    • Map
    • Local Demand
    City
    Mount Prospect
    County
    Cook
    State
    Illinois
    Longitude
    -87.9573204
    Latitude
    42.0336866

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    FAQs

    What type of property is this?
    Warehouse - Free-standing building suitable for showroom users and contractors.
    Where is this warehouse located?
    The property is located at 1601 W Algonquin Rd Mount Prospect, IL.
    What are key features of this property?
    This property features: - 21,000 SF Free-Standing Building divisible to 9,000 SF and 12,000 SF units; - 1.2 Acre Lot with potential for extra parking or outside storage; - **2 Interior Docks, 1 with Leveler**
    (847) 758-9200
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    1601 W Algonquin 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
    1601 W Algonquin Rd Mount Prospect, IL 60056
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