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    2420 Oakton St Mount Prospect, IL 60056

    For Lease
    $12 SF/Yr

    Mount Prospect warehouse/flex space for lease.

    Lot size:
    120,255 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Mount Prospect industrial property, located at 2420 E Oakton St, 60056, offers a prime location in the North Cook submarket. The property consists of two buildings totaling 120,255 square feet, built in 1972 and renovated in 2020. Currently, multiple tenancy options are available, with two spaces ranging from 2,460 to 3,450 square feet. The property features 14-foot ceilings, providing ample vertical space. Loading capabilities are robust, with 19 loading docks and 13 drive-in doors. Ample parking is available with 210 spaces. The property boasts 400-1000 amp power and is zoned for light industrial use. Situated on 7 acres, this Class B property offers easy access to major transportation arteries, including I-90 and I-390 expressways, and is minutes from public transportation and O'Hare International Airport. Specific unit features may include private offices and restrooms. The property is situated on East Oakton Street.

    Property Features for 2420 Oakton St

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    120,255 SF
    Class
    B
    Total Rate
    120255

    Building Details

    Year Built/Renovated
    1972/2020
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    SUITE G
    Size
    3,450 SF
    Rate per SF
    $12
    Space
    SUITE S
    Size
    2,460 SF
    Rate per SF
    $13

    HighLights

    • 120,255 SF industrial property in Mount Prospect, IL (60056).
    • Two‑building property with multiple suites available, ranging from 2,460 to 3,450 SF.
    • 19 loading docks, 13 drive‑in doors, and 210 parking spaces.
    • 14' ceilings, 400‑1000 amp power, and light industrial zoning.
    • 7‑acre site with easy access to I‑90, I‑390, public transportation, and O'Hare Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Mount Prospect
    County
    Cook
    State
    Illinois
    Longitude
    -87.9533292
    Latitude
    42.0953671

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    FAQs

    What type of property is this?
    Flex space - Mount Prospect warehouse/flex space for lease.
    Where is this flex space located?
    The property is located at 2420 Oakton St Mount Prospect, IL.
    What is the lease rate?
    The lease rate is $12-$13 SF/Yr.
    What are key features of this property?
    This property features: 120,255 SF industrial property in Mount Prospect, IL (60056).; Two-building property with multiple suites available, ranging from 2,460 to 3,450 SF.; 19 loading docks, 13 drive-in doors, and 210 parking spaces.
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    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
    2420 Oakton St Mount Prospect, IL 60056
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