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Two-Story Masonry Medical Office Building
For Sale
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411 W Walnut St, Mount Prospect, IL 60056

Established two-story masonry medical/dental building with 75% of space currently available.

Property SizeContact for details
Days on Market121

Property Features for 411 W Walnut St

General Information

Standard status Active
Property subtype Office
Occupancy 50%

Building Details

Stories 2
Tenancy Multi
Listing Agency: McLennan Companies
Listed By: John Carbone · License #IL 475154480
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 20 at 8:37PM

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 McLennan Companies

Investment Insights

Based on property information with market context.

This established two-story masonry professional medical/dental building offers a mix of available space and existing occupancy. The property is currently about 75% available, with approximately 50% leased to two tenants. According to the current information, one tenant is scheduled to vacate in the fourth quarter.

The building is located in the commercial corridor in the northwest quadrant of Main Street and Northwest Highway (Route 14), supporting convenient access for office and medical uses.

For buyers seeking owner-occupied or investment scenarios, the listing also notes potential for SBA financing.

Key Highlights

  • Established two‑story masonry medical/dental building on the Main Street & Northwest Highway (Route 14) commercial corridor
  • 75% of the property is currently available for a dental/medical or office user
  • Currently 50% leased to two tenants, with one tenant scheduled to vacate in Q4

Property Analytics

Current Use

Dr. Michael F. ... Dental Office Dr. Warren Y. ... Dental Office Borris Theodore DDS Dental Office Stoll Maria Dental Office Soil Engineering and Testing ... Engineer

Suggested Use

Top Pick Restaurant Real Estate Agency Pharmacy Hair Salon Auto Parts Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

50%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

992
Businesses Nearby

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Established two-story masonry medical/dental building with 75% of space currently available.
Where is this office building located?
The property is located at 411 W Walnut St Mount Prospect, IL.
What are key features of this property?
This property features: Established two‑story masonry medical/dental building on the Main Street & Northwest Highway (Route 14) commercial corridor; 75% of the property is currently available for a dental/medical or office user; Currently 50% leased to two tenants, with one tenant scheduled to vacate in Q4
More about this property
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