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Property profile & analytics
OFF-MARKET
Office Spaces

1040 Northwest Hwy Mount Prospect, IL 60056

16,568 SF 2.1 ac lot Built 1989
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Year built 1989
Total area 16,568 SF
Lot 2.1 ac (91,476 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Weldy-Lamont Associates Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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