Single-Story Retail
For Sale
Contact for pricing
1-11 & 15-27 W Prospect Ave, Mount Prospect, IL 60056
Two one-level retail structures offer existing occupancy, on-site parking, and mixed-use development potential under B5 zoning.
Property SizeContact for details
Days on Market144
Property Features for 1-11 & 15-27 W Prospect Ave
General Information
Standard status
Active
Property subtype
Retail, Mixed Use
Listing Agency:
Marcus & Millichap - Chicago Downtown
Listed By:
Stephen Lieberman · License #IL 475.144282
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 4:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Chicago Downtown
Investment Insights
Based on property information with market context.
This offering combines a pair of one-level retail structures with ten total units and 18,880 rentable square feet. The buildings occupy 35,296 square feet (0.81 acres) and include 30 on-site parking spaces. Current occupancy is 58 percent across seven tenants, with leases described as short term. Each lease includes a demolition clause exercisable with 90-120 days notice.
The triangular site sits at the intersections of Prospect Avenue, Willie Street, and Evergreen Avenue in downtown Mount Prospect, directly across from the Mount Prospect Union Pacific Northwest Metra stop. Its location also places the property near existing downtown transportation and retail activity.
The land is zoned B5 and supports a mixed-use development opportunity. Existing improvements can continue operating while ownership evaluates longer-term redevelopment plans for the site.
The triangular site sits at the intersections of Prospect Avenue, Willie Street, and Evergreen Avenue in downtown Mount Prospect, directly across from the Mount Prospect Union Pacific Northwest Metra stop. Its location also places the property near existing downtown transportation and retail activity.
The land is zoned B5 and supports a mixed-use development opportunity. Existing improvements can continue operating while ownership evaluates longer-term redevelopment plans for the site.
Key Highlights
- 18,880 rentable square feet across two retail buildings
- 35,296 square feet (0.81 acres) of land
- Ten total units; 58 percent occupied by seven tenants
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,034
Businesses Nearby
45k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 36%
Starbucks
Dining
17,752 visits/mo
0.1 miles
Chase Bank
Shops & Services
11,560 visits/mo
0.2 miles
Dunkin' Donuts
Dining
5,195 visits/mo
0.4 miles
Le Peep
Dining
4,762 visits/mo
0.2 miles
Huntington Bank
Shops & Services
2,427 visits/mo
0.4 miles
Demographics for 60056, IL
57,177
Population
23,202
Households
2.5
Avg Household Size
41
Median Age
49%
College-Educated
92%
High-School Grad
10.9 sq mi
ZIP Area
5,246
Density / Sq Mi
$104,168
Median Household Income
$54,158
Median Earnings
$1,456
Median Rent
$376,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two one-level retail structures offer existing occupancy, on-site parking, and mixed-use development potential under B5 zoning.
Where is this retail space located?
The property is located at 1-11 & 15-27 W Prospect Ave Mount Prospect, IL.
What are key features of this property?
This property features: 18,880 rentable square feet across two retail buildings; 35,296 square feet (0.81 acres) of land; Ten total units; 58 percent occupied by seven tenants
