Property profile

1699 Wall St Mt Prospect, IL 60056

FOR LEASE
Commercial real estate
Property ID
US28-2722967
2.15 ac lot Built 1976
Individually Owned 1-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Financial Advisor
  • Corporate Office
  • Insurance Agency
  • IT Consulting Firm (Bike/Boat/Book/etc) Store
  • Charitable Organization Social Service Agency

Location

1699 Wall St Mt Prospect, IL 60056
Mt Prospect metro Census 805111 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$920k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$845k

Owner & transaction history

since 2025
Last sale
$725,000
7 recorded transactions
2025
$725,000
2021
Price N/A
2019
Price N/A
2016
Price N/A
2016
Price N/A
2012
$800,000
2004
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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