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1150 W Northwest Hwy 5,707 SF 100% Leased Office Building Mount Prospect, IL 60056 $1,721,875 CAD ($301.71 CAD/SF)
Investment Highlights
- Prominent Northwest Highway frontage with excellent daily traffic counts
- Strong local demographics and growing residential base
- Private entrances and ample on-site parking for staff and clients underground with elevator entrance
Executive Summary
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 façade 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
Flexible floor plans make this location ideal for professional offices, medical users, retail showrooms, or service-based businesses. The attractive brick façade 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
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$157,035
|
$26.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$157,035
|
$26.17
|
| Taxes |
$61,988
|
$10.33
|
| Operating Expenses |
$30,013
|
$5.00
|
| Total Expenses |
$92,000
|
$15.33
|
| Net Operating Income |
$65,035
|
$10.84
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $157,035 |
| Annual Per SF | $26.17 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $157,035 |
| Annual Per SF | $26.17 |
| Taxes (CAD) | |
|---|---|
| Annual | $61,988 |
| Annual Per SF | $10.33 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $30,013 |
| Annual Per SF | $5.00 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $92,000 |
| Annual Per SF | $15.33 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $65,035 |
| Annual Per SF | $10.84 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
5,707 SF
Building Class
B
Year Built
2002
Price
$1,721,875 CAD
Price Per SF
$301.71 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,854 SF
Building FAR
0.34
Lot Size
0.38 AC
Zoning
B1, Mount Prospect - Zoned Commercial -2, General Office use, medical, dental
Parking
20 Spaces (3.5 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Signage
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Public Administration
- -
- -
- -
Your financial situation is unique, so the plan developed for pursuing your financial goals must also be unique. But you don't have to go it alone. Their approach is holistic and they look at your financial life from various different angles before making any recommendations about investments, insurance, or tax strategies. They are interested in a long-term relationship with you. They endeavor to know and understand your financial situation and provide you with only the highest quality information, services, and products to help you pursue your goals.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Public Administration | - | - | - |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 03-33-406-020-0000 | Total Assessment | $229,700 CAD |
| Land Assessment | $86,008 CAD | Annual Taxes | $61,988 CAD ($10.86 CAD/SF) |
| Improvements Assessment | $143,691 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
03-33-406-020-0000
Land Assessment
$86,008 CAD
Improvements Assessment
$143,691 CAD
Total Assessment
$229,700 CAD
Annual Taxes
$61,988 CAD ($10.86 CAD/SF)
Tax Year
2025
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1150 W Northwest Hwy
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