Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1037 N Elmhurst Rd Mount Prospect, IL 60056

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Open-air retail center with national retailers, cinema, office, and hotel.

    Property size:
    34,690 SF
    Lot size:
    69.21 Acres

    Property Features for 1037 N Elmhurst Rd

    General Information

    Size
    34,690 SF
    Lot size
    69.21 Acres

    Source: DLC Management Corp - Corporate Agent Dan Nieman

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

    Overview

    Redeveloped Mixed-Use Retail Center

    Randhurst Village is a redeveloped mixed-use center, formerly Randhurst Mall. The open-air center features national and regional retailers, a 12-screen cinema, second-floor office space, and a 140-room hotel. The property has a traffic count of 69,000 vehicles per day and is a destination for trade area residents and visitors. The property offers 34,690 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Shopping malls

    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.

    Similar Places Nearby

    Randhurst Commons Shopping Center, Randhurst Village, Coinstar Kiosk Bitcoin Enabled, Coinstar Kiosk, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Mount Prospect
    County
    Cook
    State
    Illinois
    Longitude
    -87.936876
    Latitude
    42.084851

    Nearby Similar for Lease

    • $24 SF/Yr

      Renovated Office Space in Prospect

      Recently renovated office space in prime downtown Mount Prospect location.
      325 W Prospect Ave, Mount Prospect, IL 60056
      View Details
    • New
      $21 SF/Yr

      Retail Space in Mount Prospect

      795 SF retail space suitable for various businesses.
      710 E Northwest Hwy, Mount Prospect, IL 60056
      View Details
    • $10 SF/Yr
      171,760 SF

      Lake Center Corporate Park: Mt. Prospect Office Space

      Class A Office Suites, Prime Location
      1699 Wall St, Mount Prospect, IL 60056
      View Details
    • Contact for pricing
      966,633 SF

      Randhurst Village Retail Center

      Prime Mount Prospect Retail Space Available
      0 Rand Rd & Elmhurst Rd, Mount Prospect, IL 60056
      View Details
    • $25 SF/Yr
      23,257 SF

      Mount Prospect Office Space Available

      Office space for rent in a campus-like environment.
      1660 Feehanville Dr, Mount Prospect, IL 60056
      View Details
    • $18 SF/Yr
      33,011 SF

      Brentwood Square Retail Space

      Mt. Prospect medical office suites available
      1714 Kensington Rd, Mount Prospect, IL 60056
      View Details

    FAQs

    What type of property is this?
    Shopping center - Open-air retail center with national retailers, cinema, office, and hotel.
    Where is this shopping center located?
    The property is located at 1037 N Elmhurst Rd Mount Prospect, IL.
    What are key features of this property?
    This property features: - Open-air mixed-use center featuring retail, cinema, office, and hotel.; - High traffic count: 69,000 vehicles per day.; - Redevelopment of Randhurst Mall into Randhurst Village.
    (704) 796-2437
    Request Owner's contact information
    1037 N Elmhurst Rd Mount Prospect, IL 60056
    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.
    1037 N Elmhurst Rd
    Mount Prospect, IL 60056
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1037 N Elmhurst Rd Mount Prospect, IL 60056
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.