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Mount Prospect Office/Warehouse Building
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1040 W Northwest Hwy, Mount Prospect, IL

16,568 SF building with office and warehouse space.

Property Size16,568 SF
Lot Size2.10 Acres
Days on Market1008

Property Features for 1040 W Northwest Hwy

General Information

Standard status Active
Size 16,568 SF
Lot size 2.10 Acres
Property subtype OFFICE
Listing Agency: Bradford Allen - Corporate
Listed By: Norm Murdoch · License #475122018
Source: Moodyscre
Added: Oct 27, 2023 Changed: Jul 10 Last Checked: Jul 21 at 8:14AM

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 Bradford Allen - Corporate

Investment Insights

Based on property information with market context.

This 16,568 square foot building features 12,290 square feet of office space and 4,278 square feet of warehouse space. The warehouse area has the potential to be converted into additional office space. The brick and glass building benefits from 275 feet of frontage along Northwest Highway. A new roof, HVAC system, and electrical service, including a backup generator, have been installed. The property is located minutes from downtown Mount Prospect.

Key Highlights

  • New roof, HVAC, and electrical service with backup generator
  • 16,568 RSF building with office and warehouse space
  • Warehouse could be converted to office space

Property Analytics

Current Use

Weldy-Lamont Associates Inc Industrial Manufacturer

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Hair Salon Pharmacy Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

538
Businesses Nearby

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - 16,568 SF building with office and warehouse space.
Where is this office building located?
The property is located at 1040 W Northwest Hwy Mount Prospect, IL.
What are key features of this property?
This property features: New roof, HVAC, and electrical service with backup generator; 16,568 RSF building with office and warehouse space; Warehouse could be converted to office space
(847) 445-9744 Call to check price and availability
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