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Flex Space With Truck Door
For Sale
Contact for pricing
Pending

514 E Northwest Hwy, Mount Prospect, IL 60056

Adaptable commercial building with office, shop, storage, garage, and parking serving multiple operational needs.

Property SizeContact for details
Days on Market143

Property Features for 514 E Northwest Hwy

General Information

Standard status Pending
Property subtype Office

Additional Details

Road Access Yes
Office Build-Out 500 SF
Listing Agency: CENTURY 21 New Heritage
Listed By: Lora Mahnke · License #IL
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 6:44AM

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 CENTURY 21 New Heritage

Investment Insights

Based on property information with market context.

This flex property is arranged for a combination of customer-facing and service-oriented functions. The front includes 500 square feet of office space, followed by a 1,126-square-foot shop area. A 550-square-foot rear section provides storage and garage space, with an overhead truck door supporting loading and access.

Located at 514 E Northwest Hwy in Mount Prospect, the property sits within a retail district among smaller commercial buildings. Access is available from both traffic lanes, with street parking along the frontage and additional parking on site behind the building.

Recent improvements include new ductwork, a five-layer modified bitumen roof installed in 2017, and recent interior or exterior painting. The existing configuration supports a range of flex-oriented commercial operations requiring office, work, storage, and vehicle-access areas.

Key Highlights

  • 500‑square‑foot front office area
  • 1,126‑square‑foot central shop section
  • 550‑square‑foot rear storage and garage area

Property Analytics

Current Use

Mt Prospect Air ... HVAC Service

Suggested Use

Top Pick Pharmacy Barber Shop Hair Salon Grocery & Convenience Store Cafe & Coffee Shop (Bike/Boat/Book/etc) Store

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

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

876
Businesses Nearby
Under-served
Demand for This Use

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 Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Similar Off Market Nearby

  • Dave's Specialty Foods 105 W Prospect Ave, Mt Prospect, IL 60056

Frequently Asked Questions

What type of property is this?
Flex space - Adaptable commercial building with office, shop, storage, garage, and parking serving multiple operational needs.
Where is this flex space located?
The property is located at 514 E Northwest Hwy Mount Prospect, IL.
What are key features of this property?
This property features: 500‑square‑foot front office area; 1,126‑square‑foot central shop section; 550‑square‑foot rear storage and garage area
(847) 875-4960 Call to check price and availability
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