Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    299 Central Rd Mount Prospect, IL 60056-2401

    • Banks
    • 0.79 lot acres
    OFF-MARKET
    Value Estimation
    $425,000
    Location Intelligence
    Property ID
    US28-0743981
    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

    • Busey Bank / Financial Planner / Investment Service

    Property Details for 299 Central Rd

    Year built
    2009
    Lot size
    0.79 lot acres
    Property type
    Banks
    APN
    08-12-100-012
    APU
    812100012

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $425,000

    • CAP approach

      CAP return
      Estimation
      6%
      $430,000
      6.5%
      $385,000
      7%
      $400,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $395,000
      Geo Method
      $420,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $370,000
      Retail
      $410,000
      Mixed-Use
      $340,000
      Hospitality
      $470,000
      Educational
      $405,000
      Residential Income
      $435,000
      Energy
      $385,000
      Income-Based Land
      $415,000
      Food Service
      $420,000

    Location Insight

    • Map
    • Local Demand
    City
    Mount Prospect
    County
    Cook
    State
    Illinois
    Longitude
    -87.9406
    Latitude
    42.0659
    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
    $97,914
    $128,853
    $236,714
    $365,567
    -
    $515,412
    $946,856
    $1,462,268

    Comparable in this City

    • Value Estimation
      $140,000

      940 Rand Rd

      FINANCIAL BUILDING
      940 Rand Rd, Mount Prospect, IL 60056-2567
      View Details
    • Value Estimation
      $445,000
      0.51 Acres

      168 Wnw Hwy

      FINANCIAL BUILDING • 0.51 Acres
      168 Wnw Hwy, Mt Prospect, IL 60056
      View Details
    • Value Estimation
      $740,000
      0.57 Acres

      320 Enw Hwy

      FINANCIAL BUILDING • 0.57 Acres
      320 Enw Hwy, Mount Prospect, IL 60056-3361
      View Details
    • Value Estimation by Request
      0.48 Acres

      700 Rand Rd

      FINANCIAL BUILDING • 0.48 Acres
      700 Rand Rd, Mount Prospect, IL 60056-2563
      View Details
    • Value Estimation by Request

      802 Rand Rd

      FINANCIAL BUILDING
      802 Rand Rd, Mount Prospect, IL 60056
      View Details
    • Value Estimation by Request
      0.61 Acres

      1590 Elmhurst Rd

      FINANCIAL BUILDING • 0.61 Acres
      1590 Elmhurst Rd, Mount Prospect, IL 60056-5205
      View Details

    Similar Nearby for Sale

    • $2,100,000

      Prime Mt. Prospect Retail Investment

      Established gas station & convenience store with high sales.
      0 2.1 Confidential, Mount Prospect, IL 60056
      View Details
    • $3,856,340
      6,809 SF

      Retail Property in Mount Prospect

      Retail property with strong tenant lineup in Chicago MSA.
      1065-1069 N Elmhurst Rd, Mount Prospect, IL 60056
      View Details
    • $6,137,830
      9,260 SF

      Randhurst Village Outparcel Opportunity

      Outparcel to super-regional mixed-use center in Chicago MSA.
      102-118 E Kensington Rd, Mt Prospect, IL 60056
      View Details
    • $249,000

      Turnkey Restaurant Opportunity

      Fully equipped restaurant for sale in Mount Prospect, Illinois.
      1025 S Elmhurst Rd, Mount Prospect, IL 60056
      View Details
    • Contact for pricing
      16,568 SF

      Mount Prospect Office Building

      16,568 SF Office, High-Density Parking
      1040 Northwest Hwy, Mount Prospect, IL 60056
      View Details
    • Contact for pricing
      16,568 SF

      Mount Prospect Office/Warehouse Building

      16,568 SF building with office and warehouse space.
      1040 W Northwest Hwy, Mount Prospect, IL 60056
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,891 SF

      Mount Prospect Retail Space Available

      Retail space in Mount Prospect with high visibility and parking.
      200 Main St, Mount Prospect, IL 60056
      View Details
    • Contact for pricing
      22,000 SF

      Retail Space in Kohl's Center

      Retail spaces available in Kohl's anchored shopping center.
      1500 N Elmhurst Rd, Mount Prospect, IL 60056
      View Details
    • Contact for pricing
      4,182 SF

      Retail Space in Mount Prospect

      Retail space available in a busy Mount Prospect shopping center.
      1000-1080 S Elmhurst Rd, Mount Prospect, IL 60056
      View Details
    • Contact for pricing
      2,600 SF

      Retail Space in Mt Prospect

      Retail space available in a busy shopping center.
      990 E Rand Rd, Mt Prospect, IL 60056
      View Details
    • Contact for pricing
      5,004 SF

      Mount Prospect Retail Space Available

      Retail space in a grocery and soft-goods anchored shopping center.
      940-1100 E Rand Rd, Mount Prospect, IL 60056
      View Details
    • Contact for pricing
      33,414 SF

      Retail Space on Rand Road

      Grocery store space with high visibility and loading dock.
      201-225 W Rand Rd, Mt Prospect, IL 60056
      View Details

    Property Visit Statistics

    • Visits by month
      8.9k
    • Visitors by month
      5.2k
    • Avg Time on site
      8 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    299 Central Rd
    Mount Prospect, IL 60056-2401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.