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

    200 Main St Mount Prospect, IL 60056

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space in Mount Prospect with high visibility and parking.

    Property size:
    2,891 SF
    Lot size:
    0.32 Acres

    Property Features for 200 Main St

    General Information

    Size
    2,891 SF
    Lot size
    0.32 Acres

    We can help!

    Listing Contact
    Peter Scannell
    Source: Moodyscre

    Listing Agent: Peter Scannell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Mount Prospect Retail Space Available

    This retail space, located in Mount Prospect, Illinois, features an open layout and large windows that provide natural light. The property offers diverse potential uses and high visibility for business exposure. There are 18 dedicated parking spaces available. The property size is 2891 square feet.
    Location Intelligence

    Current Use by Public Records

    EverGrace Church Non-Denominational Church Iglesia Internacional Casa ... Church

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Prospect
    County
    Cook
    State
    Illinois
    Longitude
    -87.9371829
    Latitude
    42.0702125

    Nearby Similar for Lease

    • $24 SF/Yr

      Renovated Office Space in Prospect

      Multi-tenant building with excellent exposure in downtown Mount Prospect.
      325 W Prospect Ave, Mount Prospect, IL 60056
      View Details
    • $10 SF/Yr
      171,760 SF

      Lake Center Corporate Park: Mt. Prospect Office Space

      Class A Office Suites, Prime Location
      1699 Wall St, Mount Prospect, IL 60056
      View Details
    • Contact for pricing
      966,633 SF

      Randhurst Village Retail Center

      Prime Mount Prospect Retail Space Available
      0 Rand Rd & Elmhurst Rd, Mount Prospect, IL 60056
      View Details
    • $25 SF/Yr
      23,257 SF

      Mount Prospect Office Space Available

      Office space for rent in a campus-like environment.
      1660 Feehanville Dr, Mount Prospect, IL 60056
      View Details
    • $18 SF/Yr
      33,011 SF

      Brentwood Square Retail Space

      Mt. Prospect medical office suites available
      1714 Kensington 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
      318,693 SF

      Randhurst Village Retail Space

      Prime Mount Prospect Retail Power Center
      0 Rand & Elmhurst Rd, Mount Prospect, IL 60056
      View Details
    • Contact for pricing
      1,908 SF

      Retail Space at Signalized Intersection

      Retail space with high visibility and strong demographics in Mount Prospect.
      1002-1070 S Elmhurst Rd, Mount Prospect, IL 60056
      View Details
    • $14 SF/Yr
      14,055 SF

      Mount Prospect Office Space Available

      Newly renovated, flexible office suites.
      1100 Northwest Hwy, Mount 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
      21,000 SF

      21,000 SF Free-Standing Building

      Free-standing building suitable for showroom users and contractors.
      1601 W Algonquin Rd, Mount Prospect, IL 60056
      View Details
    • Contact for pricing
      2,888 SF

      Retail Space in Randhurst Village

      Redeveloped mixed-use center with retail, cinema, office, and hotel.
      220 Randhurst Village Dr, Mt Prospect, IL
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in Mount Prospect with high visibility and parking.
    Where is this retail space located?
    The property is located at 200 Main St Mount Prospect, IL.
    What are key features of this property?
    This property features: - High visibility for business exposure; - Dynamic location in Mount Prospect, IL; - 18 dedicated parking spaces
    (630) 954-7327
    Request Owner's contact information
    200 Main St Mount Prospect, IL 60056
    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.
    200 Main St
    Mount Prospect, IL 60056
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    200 Main St Mount Prospect, IL 60056
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Peter Scannell
    (630) 954-7327
    Learn more
    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.