1660 Feehanville Dr Mount Prospect, IL 60056
Property profile & analytics
1660 Feehanville Dr Mount Prospect, IL 60056
- Office buildings
- 8.87 lot acres
Property ID
US28-1948514
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.
Location Intelligence
Current Use by Public Records
- Dr. Gregory Amarantos DPM / Physician
- UroPartners / Physician / Medical Clinic
- Weil Foot & Ankle Institute / Physician
- WEIL FOOT AND ANKLE INSTITUTE LLC / Physician
- Rebecca Admire / Physician
Property Details for 1660 Feehanville Dr
- Year built
- 1989
- Lot size
- 8.87 lot acres
- Property type
- Office buildings
- APN
- 03-35-200-060
- APU
- 335200060
Description
The Kensington Corporate Center, a four-story, 87,453 square-foot Class B medical office building, presents a compelling value-add investment opportunity in Mount Prospect, Illinois. Located on an 8.87-acre lot at 1660 Feehanville Dr, 60056, this fee-simple property boasts a 72% occupancy rate, with 6 medical tenants occupying 49,389 square feet and one non-medical tenant occupying 13,756 square feet. The building's strategic location in the Schaumburg Area Office Submarket, a thriving economic hub with over 33.6 million square feet of office inventory, provides significant advantages. The strong presence of medical tenants (56% occupancy) offers enhanced stability due to their higher retention rates compared to traditional office tenants. Built in 1986, the building features a masonry, steel framing, and glass panel exterior, with concrete interior load-bearing walls and drywall. The roof is a low-sloped metal roof with a ballasted EPDM assembly. The heating and cooling systems utilize boiler-fed hydronic heat pumps and hydronic heat pumps with roof-mounted cooling towers, respectively. The property includes 485 parking spaces and a weighted average lease term (WALT) of 8.17 years (as of July 1, 2024). The building's typical floorplate is 23,527 square feet, and its eleven units are well-positioned to serve the area's three major hospitals: Advocate, Endeavor, and Ascension Holy Family. The submarket's ongoing redevelopment and strong leasing activity, including significant interest in data centers, further enhance the property's long-term potential.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Mount Prospect
- County
- Cook
- State
- Illinois
- Longitude
- -87.9091
- Latitude
- 42.0785
- 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
$501,365
$521,719
$1,218,873
$1,740,592
-
$2,086,876
$4,875,492
$6,962,368
