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330 E Northwest Hwy
Mount Prospect, IL 60056
Office Property For Sale
Investment Highlights
- Re/Max just extended their lease an additional 10 years
- Average cap rate over the term of the lease is 8.71%
- Re/Max Suburban is the #1 Re/Max Franchise in Illinois by revenue
- With 3% annual increases to the base rent, a new owner should expect the NOI to grow an average of 4.68% annually over the 10-year term
- Excellent corner location ¼ mile from downtown Mt. Prospect
- Exceptional demographics – average household incomes exceed $115,000 per year | 125,504 people live within a 3-mile radius
Property Facts
Property Type
Office
Building Size
5,869 SF
Building Class
B
Year Built/Renovated
1974/2022
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,935 SF
Slab To Slab
10’
Building FAR
0.31
Lot Size
0.43 AC
Parking
22 Spaces (3.75 Spaces per 1,000 SF Leased)
Amenities
- Commuter Rail
- Signage
Property Taxes
| Parcel Number | 08-12-116-006-0000 | Improvements Assessment | $69,476 |
| Land Assessment | $77,775 | Total Assessment | $147,251 |
Property Taxes
Parcel Number
08-12-116-006-0000
Land Assessment
$77,775
Improvements Assessment
$69,476
Total Assessment
$147,251
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