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1040 Northwest Hwy Mount Prospect, IL 60056

  • Office Properties & Spaces
  • 16,568 SF
  • 2.10 lot acres
Value Estimation
Location Intelligence

Current Use by Public Records

  • Weldy-Lamont Associates Inc / Manufacturer / Professional Services

Property Details for 1040 Northwest Hwy

Year built
1989
Lot size
2.10 lot acres
Property size
16,568 SF
Property type
Office Properties & 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 Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • 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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