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For Sale
Property summary
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.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
1 recorded sale · 11 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- Lot area
- 8.87 ac
- Year built
- 1989
- APN
- 03-35-200-060
- Assessed value · 2022
- $1,740,592
- Annual tax · 2022
- $501,365
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Signals, scores & lead lists
- 300 owner contacts a month
- 30 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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