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    102-118 E Kensington Rd Mt Prospect, IL 60056

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    For Sale
    $6,137,830

    Outparcel to super-regional mixed-use center in Chicago MSA.

    Property size:
    9,260 SF
    Lot size:
    69.21 Acres

    Property Features for 102-118 E Kensington Rd

    General Information

    Size
    9,260 SF
    Lot size
    69.21 Acres

    Source: Northmarq | Atlanta Agent Maggie Holmes

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

    Overview

    Randhurst Village Outparcel Opportunity

    This 9,260 square-foot property is an outparcel to a super-regional mixed-use center, Randhurst Village, a top shopping destination. It benefits from a best-in-class tenant lineup and solid investment potential. Located within the Chicago MSA, the third largest MSA in the U.S., the property offers proximity to economic drivers and major commercial activity. It is situated within a dense residential community and near a school district. The location provides over 22,000 in direct vehicle visibility with excellent connectivity. The surrounding area is characterized by affluent demographics. Additional outparcels are available for sale.
    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
    Mt Prospect
    County
    Cook
    State
    Illinois
    Longitude
    -87.9354856
    Latitude
    42.08113

    FAQs

    What type of property is this?
    Shopping center - Outparcel to super-regional mixed-use center in Chicago MSA.
    Where is this shopping center located?
    The property is located at 102-118 E Kensington Rd Mt Prospect, IL.
    What is the asking price?
    The asking price for this property is $6,137,830.
    What are key features of this property?
    This property features: - Best-in-Class Tenant Lineup; - Outparcel to 1M+ SF Super Regional Mixed-Use Center; - Chicago MSA - 3rd Largest MSA in the U.S.
    (404) 823-6360
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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
    102-118 E Kensington Rd Mt Prospect, IL 60056
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