2 Northwest Hwy Mount Prospect, IL 60056
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.
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Edward Jones - Financial Advisor: Brian G Hamm Financial Advisor
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David Winfrey - Chase Home Lending Advisor - NMLS ID 20253 Loan Service Bank
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Chase Bank Bank Loan Service
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Edward Jones - Financial Advisor: Laura Lee Beran, AAMS™ Financial Advisor
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Mount Prospect Lions Club Farmers Market Food Market Farmer's Market
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.