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    Property profile & analytics
    FOR LEASE
    Commercial real estate

    1699 Wall St, Mt Prospect, IL 60056

    2.15 ac lot Built 1976
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US28-2722967
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1976
    Lot 2.15 ac (93,654 SF)
    APN 08-23-203-017
    UPID US28-2722967
    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
    • Edward Jones - Financial Advisor: Nancy M Reiser, CFP®|AAMS™|CRPC™ Financial Advisor
    • American Escrow & Closing Company (AECC) Corporate Office
    • Heil & Kay Insurance Agency, Inc Insurance Agency
    • Brongus IT Consulting Firm (Bike/Boat/Book/etc) Store
    • CHICAGO INSTITUTE FOR RATIONAL-EMOTIVE BEHAVIOR THERAPY, INC Charitable Organization Social Service Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $920k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $805k
    Owner & transaction history
    Abi · 1 yrs held
    Abi
    since 2025
    Last sale
    $725,000
    7 recorded transactions
    2025
    $725,000
    2021
    2019
    2016
    2016
    2012
    $800,000
    2004
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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