Listed by CENTURY 21 Circle
$1,250,000
1150 W Northwest Highway
Details
APN 03334060200000
Property Type Office
Square Footage 5,707
Units 2
Cap Rate 3.78%
NOI $47,212
Occupancy 100%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 5.6%
Pro-Forma NOI $70,000
Price per SqFt $219
Class A
Year Built 2003
Buildings 1
Lot Size (SqFt) 16,650
Zoning OFFIC
Investment Type Owner/User
Office | 5,707 SqFt
Marketing description
Discover exceptional visibility and accessibility at 1150 W Northwest Highway, a premier commercial property located in the heart of Mount Prospect's thriving business corridor. Perfectly positioned along the highly trafficked Northwest Highway, this property offers outstanding exposure, ample parking, and convenience to major roadways including Route 83, Rand Road, and I-90. Flexible floor plans make this location ideal for professional offices, medical users, retail showrooms, or service-based businesses. The attractive brick facade and large windows offer abundant natural light, while signage opportunities ensure maximum brand visibility. Two current tenants with leases in place. Great owner user property. Well-built commercial investment with many possible options for the owner.
Investment highlights
- Prominent Northwest Highway frontage with excellent daily traffic counts
- Modernized interiors – new paint, flooring, and lighting (customizable options)
- Private entrances and ample on-site parking for staff and clients underground with elevator entrance
- Nearby amenities: downtown Mount Prospect shops, dining, metra station, and Prospect High School
- Strong local demographics and growing residential base
- Strong tenant in place
Listing Contacts
Listed by CENTURY 21 Circle
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$47,212.00
$3,934.33/mo
Valuation Metrics
0
DSCR
3.78%
Cap Rate
3.78%
ROI
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