Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1200 Algonquin Rd Mount Prospect, IL 60056

    • Office buildings
    • 55.64 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 28, 2021
    $54,142,000
    Location Intelligence
    Property ID
    US28-1603021
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Shell gas station / Gas Station
    • United Airlines - OPC / Corporate Office

    Property Details for 1200 Algonquin Rd

    Lot size
    55.64 lot acres
    Property type
    Office buildings
    APN
    08-23-100-018
    APU
    823100018

    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
    -87.9529
    Latitude
    42.0349
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $3,550,999
    $3,786,764
    $10,406,953
    $14,193,717
    -
    $15,147,056
    $41,627,812
    $56,774,868

    Comparable in this City

    • Value Estimation by Request
      7.95 Acres

      1699 Wall St Ste, Unit 123

      OFFICE BUILDING (MULTI-STORY) • 7.95 Acres
      1699 Wall St Ste, Mount Prospect, IL 60056-5762
      View Details
    • Value Estimation by Request
      4.23 Acres

      1661 Feehanville Dr

      OFFICE BUILDING (MULTI-STORY) • 4.23 Acres
      1661 Feehanville Dr, Mount Prospect, IL 60056-6087
      View Details
    • Value Estimation by Request
      5.44 Acres

      1600 Bishop Ct

      OFFICE BUILDING (MULTI-STORY) • 5.44 Acres
      1600 Bishop Ct, Mount Prospect, IL 60056-6033
      View Details
    • Value Estimation by Request
      8.87 Acres

      1660 Feehanville Dr

      OFFICE BUILDING (MULTI-STORY) • 8.87 Acres
      1660 Feehanville Dr, Mount Prospect, IL 60056-6014
      View Details
    • Value Estimation
      $470,000
      2.18 Acres

      111 Busse Ave

      OFFICE BUILDING (MULTI-STORY) • 2.18 Acres
      111 Busse Ave, Mount Prospect, IL 60056-3250
      View Details
    • Value Estimation
      $420,000
      3.69 Acres

      1250 Feehanville Dr

      OFFICE BUILDING • 3.69 Acres
      1250 Feehanville Dr, Mount Prospect, IL 60056-6009
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,568 SF

      Mount Prospect Office/Warehouse Building

      16,568 SF building with office and warehouse space.
      1040 W Northwest Hwy, Mount Prospect, IL 60056
      View Details
    • Contact for pricing
      86,792 SF

      Mount Prospect Office Building Opportunity

      Four-story office building in Kensington Business Park, ideal for redevelopment.
      1600 Bishop Ct, Mount Prospect, IL 60056
      View Details
    • Contact for pricing
      16,568 SF

      Mount Prospect Office Building

      16,568 SF Office, High-Density Parking
      1040 Northwest Hwy, Mount Prospect, IL 60056
      View Details
    • $6,137,830
      9,260 SF

      Randhurst Village Outparcel Opportunity

      Outparcel to super-regional mixed-use center in Chicago MSA.
      102-118 E Kensington Rd, Mt Prospect, IL 60056
      View Details
    • $499,000
      1.45 Acres

      Barrington Commercial Land

      1.45 Acres, High Traffic Area
      14 Hwy & 20 St, Mount Prospect, IL 60056
      View Details
    • $249,000

      Turnkey Restaurant Opportunity

      Fully equipped restaurant for sale in Mount Prospect, Illinois.
      1025 S Elmhurst Rd, Mount Prospect, IL 60056
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      14,055 SF

      Mount Prospect Office Space Available

      Newly renovated, flexible office suites.
      1100 Northwest Hwy, Mount Prospect, IL 60056
      View Details
    • $18 SF/Yr
      33,011 SF

      Brentwood Square Retail Space

      Mt. Prospect medical office suites available
      1714 Kensington Rd, Mount Prospect, IL 60056
      View Details
    • $25 SF/Yr
      23,257 SF

      Mount Prospect Office Space Available

      Office space for rent in a campus-like environment.
      1660 Feehanville Dr, Mount Prospect, IL 60056
      View Details
    • New
      $24 SF/Yr

      Renovated Office Space in Prospect

      Multi-tenant building with excellent exposure in downtown Mount Prospect.
      325 W Prospect Ave, Mount Prospect, IL 60056
      View Details
    • $23 SF/Yr
      89,000 SF

      Kensington Office Plaza: Mt. Prospect

      Class A Office Suites Available
      1661 Feehanville Dr, Mount Prospect, IL 60056
      View Details
    • $14 SF/Yr
      47,815 SF

      Mount Prospect Medical Office Space

      Prime Medical Office Suites Available in Mount Prospect, IL
      1710-1784 Golf Rd, Mount Prospect, IL 60056
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1200 Algonquin Rd
    Mount Prospect, IL 60056
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.