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    1600 Bishop Ct Mount Prospect, IL 60056

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    For Sale
    Contact for pricing

    Four-story office building in Kensington Business Park, ideal for redevelopment.

    Property size:
    86,792 SF
    Lot size:
    5.19 Acres

    Property Features for 1600 Bishop Ct

    General Information

    Size
    86,792 SF
    Lot size
    5.19 Acres

    Source: Colliers | Chicago Rosemont Agent Alissa Adler

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

    Overview

    Mount Prospect Office Building Opportunity

    Kensington Corp Ctr. II, located at 1600 Bishop Court in Mount Prospect, Illinois, presents an investment opportunity. Constructed in 1990, this four-story office building encompasses 86,792 square feet and includes 300 surface parking spaces, offering a ratio of 4 spaces per 1,000 square feet. The current tenant, NTN Bearing Corporation, is vacating upon sale, making the property suitable for owner-users or redevelopment. Situated within the Kensington Business Park, the property is one of three multi-story office buildings in the park and occupies a prominent location at the southwest corner of Wolf Road and Kensington Road. Its location provides convenient regional and national connectivity, being 10 minutes from the I-294 Willow Road interchange, 15 minutes from O’Hare International Airport, and 30 minutes from downtown Chicago. The building is positioned on a 5.441 +/- acre site and is zoned I-1 Limited Industrial District, making it an ideal candidate for redevelopment. The I-1 Limited Industrial District is intended for industrial, manufacturing, warehousing, and research facilities. Mount Prospect is considered a development-friendly municipality.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    NTN USA Bearing Supplier

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Prospect
    County
    Cook
    State
    Illinois
    Longitude
    -87.9088304
    Latitude
    42.0794929

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    FAQs

    What type of property is this?
    Office building - Four-story office building in Kensington Business Park, ideal for redevelopment.
    Where is this office building located?
    The property is located at 1600 Bishop Ct Mount Prospect, IL.
    What are key features of this property?
    This property features: - Ideal for owner-users or redevelopment as NTN Bearing Corporation vacates at sale.; - Excellent location in Kensington Business Park with convenient access to I-294 (10 minutes), O’Hare Airport (15 minutes), and downtown Chicago (30 minutes).; - Zoned I-1 Limited Industrial District, suitable for industrial, manufacturing, warehousing, and research facilities, making it an ideal candidate for redevelopment.
    (847) 997-0770
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    1600 Bishop Ct Mount Prospect, IL 60056
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    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
    1600 Bishop Ct Mount Prospect, IL 60056
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