1699 Wall St Mount Prospect, IL 60056
- Commercial real estate
- 2.15 lot acres
Current Use by Public Records
- Edward Jones - Financial Advisor: Nancy M Reiser, CFP®|AAMS™|CRPC™ / Investment Service / Stock Broker
- American Escrow & Closing Company (AECC) / Corporate Office
- Heil & Kay Insurance Agency, Inc / Life Insurance Agency / Insurance Agency
- Brongus / Computer Consultant
- CHICAGO INSTITUTE FOR RATIONAL-EMOTIVE BEHAVIOR THERAPY, INC / Non-Profit Organization
Property Details for 1699 Wall St
- Year built
- 1976
- Lot size
- 2.15 lot acres
- Property type
- Commercial real estate
- APN
- 08-23-203-017
- APU
- 823203017
Description
Lake Center Corporate Park, located at 1699 Wall St, Mt. Prospect, IL 60056, offers 171,760 square feet of premium office space in a seven-story Class A building. Built in 1981 and extensively renovated in 2023, this property boasts 14,000 square feet of immediately available space, with a total of 41 individual suites ranging from 130 to 9,687 square feet. The building features multiple tenancy options, including executive, coworking, medical, creative, and traditional office spaces. Amenities include abundant parking, on-site management, five-day janitorial service, HVAC, a fiber network, a conference facility, and on-site storage. A new restaurant is also conveniently located within the complex. Enjoy unobstructed views and a prime location just minutes from the Northwest O'Hare Airport Corridor, providing easy access to Chicago and the Northwest Suburbs. The property sits on eight acres of land and is conveniently located a quarter-mile north of the Elmhurst Road interchange on the Northwest Tollway (I-90), situated on Elmhurst Road (IL-83) between Dempster and Oakton. Numerous restaurants are within close proximity. Mt. Prospect offers a vibrant and newly renovated downtown area, featuring updated building facades, brick-paved streetscapes, and attractive landscaping. The city has received an A+ rating from Niche.com, ranking #68 in best places to live in Illinois. Elevators are available.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $845,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $720,000
- 6.5%
- $750,000
- 7%
- $685,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $670,000
- Geo Method
- $710,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $650,000
- Retail
- $695,000
- Mixed-Use
- $595,000
- Hospitality
- $760,000
- Educational
- $705,000
- Residential Income
- $710,000
- Energy
- $780,000
- Income-Based Land
- $770,000
- Food Service
- $710,000
Location Insight
- Map
- Local Demand
- City
- Mount Prospect
- County
- Cook
- State
- Illinois
- Longitude
- -87.9412
- Latitude
- 42.0349
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
