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    1040 W Northwest Hwy Mount Prospect, IL 60056

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    For Sale
    Contact for pricing

    16,568 SF building with office and warehouse space.

    Property size:
    16,568 SF
    Lot size:
    2.10 Acres

    Property Features for 1040 W Northwest Hwy

    General Information

    Size
    16,568 SF
    Lot size
    2.10 Acres

    Source: Bradford Allen - Corporate Agent Norm Murdoch

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

    Overview

    Mount Prospect Office/Warehouse Building

    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.
    Location Intelligence

    Current Use by Public Records

    Weldy-Lamont Associates Inc Manufacturer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Prospect
    County
    Cook
    State
    Illinois
    Longitude
    -87.951697
    Latitude
    42.070238

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    FAQs

    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
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    1040 W Northwest Hwy 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
    1040 W Northwest Hwy Mount Prospect, IL 60056
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