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    1518 Elmhurst Rd Mt Prospect, IL 60056

    For Lease
    Contact for pricing

    2,900 SF drive-thru restaurant available for lease.

    Property size:
    2,750 SF
    Lot size:
    1.66 Acres

    Property Features for 1518 Elmhurst Rd

    General Information

    Size
    2,750 SF
    Lot size
    1.66 Acres

    Source: Metro Commercial Real Estate - Corporate Agent Hannah Perl

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

    Overview

    Drive-Thru Restaurant Opportunity

    A 2,900 SF second-generation drive-thru restaurant is available. A drive-thru outparcel, build-to-suit up to 2,750 SF, is also an option. The property benefits from a lighted intersection at Dempster and Elmhurst, pylon signage, and abundant parking with approximately 748 stalls.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    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
    Mt Prospect
    County
    Cook
    State
    Illinois
    Longitude
    -87.9375316
    Latitude
    42.0949217

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    FAQs

    What type of property is this?
    Drive through restaurant - 2,900 SF drive-thru restaurant available for lease.
    Where is this drive through restaurant located?
    The property is located at 1518 Elmhurst Rd Mt Prospect, IL.
    What are key features of this property?
    This property features: - 2,900 SF 2nd Generation Drive-thru Restaurant Available; - Drive-Thru Outparcel; - Lighted Intersection at Dempster & Elmhurst
    (847) 849-1026
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    1518 Elmhurst Rd Mt Prospect, IL 60056
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    Mt 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
    1518 Elmhurst Rd Mt Prospect, IL 60056
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