2 Northwest Hwy Mount Prospect, IL 60056

Property Details for 2 Northwest Hwy

Year built

2002

Property size

22,865 SF

Property type

Retail properties

Property subtype

Office Properties & Spaces

Description

This exceptional Class A retail property, the Shops at Village Centre, offers 22,865 square feet of versatile storefront retail and office space in the heart of downtown Mount Prospect, Illinois. Located at 2 E Northwest Hwy, at the corner of Main Street (Elmhurst Road) and Northwest Highway (Rt-14), this three-story building boasts a prime location across from the Metra station, providing convenient access to Chicago and beyond. Built in 2002 and renovated in 2016, the property features 60 parking spaces and benefits from excellent public transportation access via Pace Bus #234. The Shops at Village Centre is surrounded by new apartment developments and the Village Hall, ensuring a vibrant and growing customer base. The property enjoys high visibility and accessibility, with daily traffic counts of 32,599 vehicles on Main Street and Northwest Highway. A strong demographic profile supports the property's potential, with 63,637 people within a 2-mile radius and 304,433 within a 5-mile radius, exhibiting average household incomes of $121,260 and $108,679 respectively. Annual property taxes are $10.38 per square foot. The proximity to Randhurst Village Shopping Mall (1.5 miles north) further enhances its strategic position within a thriving retail environment. This presents a unique opportunity for investors and businesses seeking a high-traffic, well-located retail space in a prosperous community.

Location Insight

City

Mount Prospect

County

Cook

State

Illinois

Longitude

-87.9368

Latitude

42.0636