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    1025 Center Dr Mt Prospect, IL

    For Lease
    Contact for pricing

    Vibrant, open-air mixed-use center with retail, office, and hotel.

    Property size:
    66,425 SF
    Lot size:
    69.21 Acres

    Property Features for 1025 Center Dr

    General Information

    Size
    66,425 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 Center for Lease

    The property is part of the Randhurst Village redevelopment, transforming Randhurst Mall into an open-air mixed-use center. The center features national and regional retailers, a 12-screen cinema, second-floor office space, and a 140-room hotel. The property is located in an inviting streetscape and experiences a traffic count of 69,000 vehicles per day.
    Location Intelligence

    Current Use by Public Records

    mEYEwear Optical Eye Care Center HomeGoods Department Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

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

    Similar Places Nearby

    Clocktower Place

    Location Insight

    • Map
    • Local Demand
    City
    Mt Prospect
    County
    Cook
    State
    Illinois
    Longitude
    -87.9372908
    Latitude
    42.0664167

    Nearby Similar for Lease

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      Randhurst Village Retail Opportunity

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      Redeveloped Mixed-Use Retail Space

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      Retail Space in Randhurst Village

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    FAQs

    What type of property is this?
    Shopping center - Vibrant, open-air mixed-use center with retail, office, and hotel.
    Where is this shopping center located?
    The property is located at 1025 Center Dr Mt Prospect, IL.
    What are key features of this property?
    This property features: - Located in Randhurst Village, a vibrant, open-air mixed-use center.; - High traffic count of 69,000 vehicles per day (VPD).; - Features a **12-screen state-of-the-art cinema**.
    (704) 796-2437
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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
    1025 Center Dr Mt Prospect, IL
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