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Flex Space with Build-to-Suit Finish

500 W Algonquin Rd Unit B, Mount Prospect, IL 60056

For Lease
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A sprinklered, climate-controlled suite offers separately metered power and immediate availability in the Algonquin Road corridor.

Space Size4,030 SF
Lot Size2.60 Acres
Days on Market12

Property Features for 500 W Algonquin Rd Unit B

General Information

Standard status Active
Size 4,030 SF
Net Rentable 4,030 SF
Lot size 2.60 Acres
Property subtype Industrial, Office

Space & Availability

Available Space 4,030 SF
Contiguous Space 4,030 SF
Available From Immediate

Additional Details

Sprinkler System Yes

Building Details

Year Built 1993
Construction tilt-up concrete

Spaces For Lease

at 500 W Algonquin Rd Unit B Contact us

#B Active

Size 4,030 SF
Contact us

Unit B Active

Size 4,030 SF
Contact us
Listing Agency: Entre Commercial Realty LLC
Listed By: Ian Pattison · License #475.178999
Source: Crexi
Added: Oct 29 Changed: Nov 8 Last Checked: Nov 8 at 3:28PM

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 Entre Commercial Realty LLC

Rey
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Investment Insights

Based on property information with market context.

This 4,030-square-foot flex suite is within a tilt-up concrete building constructed in 1993. Interior features include 12-foot dropped ceilings, central HVAC, separately metered power, and sprinkler protection. The landlord will complete the space to suit, and it is ready for immediate occupancy. The building sits on a 2.6-acre site with ample parking.

The property is in the Algonquin Road corridor in Mount Prospect, approximately 10 miles from O'Hare International Airport.

Key Highlights

  • 4,030 SF flex suite in a tilt‑up concrete building
  • 12' dropped ceilings, central HVAC, separately metered power, and sprinkler protection
  • Landlord will finish the suite to suit; available for immediate occupancy

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

L3Harris Technologies, Inc. Factory Maestro Art Art Studio Ritaldi Art Art Gallery Maestro Corporate Group Corporate Office

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Pharmacy Gym & Fitness Center

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

Lease Details

Yes
Sprinkler system
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,086
Businesses Nearby
Under-served
Demand for This Use

Demographics for 60056, IL

57,177
Population
23,202
Households
2.5
Avg Household Size
41
Median Age
49%
College-Educated
92%
High-School Grad
10.9 sq mi
ZIP Area
5,246
Density / Sq Mi
$104,168
Median Household Income
$54,158
Median Earnings
$1,456
Median Rent
$376,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF/Yr for Flex space in Cook County, IL

$16.19 Jul
$17.37 Aug
$17.4 Sep
$17.39 Oct

Properties on Market for Flex space in Cook County

Jul
Aug
Sep
Oct

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Similar Off Market Nearby

  • Northern fork catering — 2420 E Oakton St, Arlington Heights, IL 60005
  • Kebab Masters — 770 Cordial Dr, Des Plaines, IL 60018
  • Sweet Memories Ice Cream Truck — 451 walnut ave, des plaines, il 60016

Frequently Asked Questions

What type of property is this?
Flex space - A sprinklered, climate-controlled suite offers separately metered power and immediate availability in the Algonquin Road corridor.
Where is this flex space located?
The property is located at 500 W Algonquin Rd Unit B Mount Prospect, IL.
What are key features of this property?
This property features: 4,030 SF flex suite in a tilt‑up concrete building; 12' dropped ceilings, central HVAC, separately metered power, and sprinkler protection; Landlord will finish the suite to suit; available for immediate occupancy
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