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    1040 Northwest Hwy Mount Prospect, IL 60056
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    Property profile & analytics

    1040 Northwest Hwy, Mount Prospect, IL 60056

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    • Office Spaces
    • 16,568 SF
    • 2.10 lot acres
    Off-Market

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Weldy-Lamont Associates Inc / Industrial Manufacturer / Production Facility

    Property Details for 1040 Northwest Hwy

    Year built
    1989
    Lot size
    2.10 lot acres
    Property type
    Office Spaces

    Description

    This exceptional Mount Prospect, Illinois office building, located at 1040 W Northwest Highway, offers 16,568 square feet of versatile space. The property boasts a prime location with 275 feet of frontage along Northwest Highway, providing excellent visibility and accessibility. The building, constructed in 1989 and meticulously maintained, features a blend of brick and glass architecture. The interior comprises 12,290 square feet of second-floor office space, complemented by a 4,278 square foot warehouse area with potential for conversion into additional office space, expanding the total usable area to approximately 24,500 square feet. The building is equipped with ample parking, offering a high-density ratio of 8.1 spaces per 1,000 square feet (133 spaces total). Significant recent improvements include a new roof, two state-of-the-art Trane HVAC systems, and a new 300-kW diesel generator with a bypass/isolation transfer switch, ensuring reliable power. Further enhancing its appeal are new solar panels and robust fiber optic connectivity provided by AT&T and Comcast. The interior layout includes 22 private offices, two executive suites, a kitchen/break room, conference, training, and huddle rooms, and open areas suitable for cubicles. Three drive-in doors provide convenient access to the warehouse area. The property sits on a 2.1-acre lot in the B-1 zoning district and features prominent monument signage. This well-maintained building presents a unique opportunity for businesses seeking a functional and modern workspace in a highly desirable location.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use


    Location Insight

    • Map
    • Local Demand
    City
    Mount Prospect
    County
    Cook
    State
    Illinois
    Longitude
    -87.9502
    Latitude
    42.0694
    More about this property
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