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    Property profile & analytics

    1720 Algonquin Rd Mount Prospect, IL 60056-5400

    • Retail space
    • 0.44 lot acres
    OFF-MARKET
    Value Estimation
    $2,835,000
    Last Sale
    May 04, 2023
    $2,700,000
    Location Intelligence
    Property ID
    US28-2787846
    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

    • Magnum Insurance Agency / Auto Insurance Agency / Dental Insurance Agency
    • Smart Start Ignition Interlock / Car Accessories Store / Car Inspection Station
    • Dr. Krishna Nadhan / Family Practice Physician
    • Affiliated Realty & Management / Real Estate Agency

    Property Details for 1720 Algonquin Rd

    Year built
    1969
    Lot size
    0.44 lot acres
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    08-22-201-008
    APU
    822201008

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,890,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,625,000
      6.5%
      $2,725,000
      7%
      $2,940,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,560,000
      Geo Method
      $2,930,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,070,000
      Retail
      $2,520,000
      Mixed-Use
      $2,605,000
      Hospitality
      $2,930,000
      Educational
      $2,390,000
      Residential Income
      $2,955,000
      Energy
      $2,460,000
      Income-Based Land
      $2,540,000
      Food Service
      $2,615,000

    Location Insight

    • Map
    • Local Demand
    City
    Mount Prospect
    County
    Cook
    State
    Illinois
    Longitude
    -87.9611
    Latitude
    42.0367
    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
    $50,740
    $72,052
    $130,761
    $202,813
    -
    $288,208
    $523,044
    $811,252

    Comparable in this City

    • Value Estimation by Request
      2.01 Acres

      303 Kensington Rd

      STORE, RETAIL OUTLET • 2.01 Acres
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    • Value Estimation by Request

      1 Randhurst Vlg Dr

      STORE, RETAIL OUTLET
      1 Randhurst Vlg Dr, Mount Prospect, IL 60056-1146
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    • Value Estimation
      $680,000
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      704 Riv Rd

      STORE, RETAIL OUTLET • 0.31 Acres
      704 Riv Rd, Mount Prospect, IL 60056
      View Details
    • Value Estimation
      $620,000
      0.43 Acres

      601 Central Rd Ste, Unit 4

      STORE, RETAIL OUTLET • 0.43 Acres
      601 Central Rd Ste, Mount Prospect, IL 60056-2379
      View Details
    • Value Estimation
      $375,000
      1.46 Acres

      1799 Busse Rd

      STORE, RETAIL OUTLET • 1.46 Acres
      1799 Busse Rd, Mount Prospect, IL 60056-5504
      View Details
    • Value Estimation by Request
      0.07 Acres

      730 Enw Hwy

      STORE, RETAIL OUTLET • 0.07 Acres
      730 Enw Hwy, Mount Prospect, IL 60056-3442
      View Details

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      View Details
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    Mount Prospect, IL 60056-5400
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    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
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