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

    113 Prospect Ave Mt Prospect, IL 60056-3135

    • Commercial real estate
    • 0.90 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 13, 2022
    Location Intelligence
    Property ID
    US28-2632687
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Busse Automotive and Detail Center / Auto Repair Shop / Car Detailing Service

    Property Details for 113 Prospect Ave

    Year built
    1965
    Lot size
    0.90 lot acres
    Property type
    Commercial real estate
    APN
    08-12-121-057
    APU
    812121057

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mt Prospect
    County
    Cook
    State
    Illinois
    Longitude
    -87.9344
    Latitude
    42.0608
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $25,695
    $86,220
    $9,714
    $95,934
    -
    $344,880
    $38,856
    $383,736

    Comparable in this City

    • Value Estimation by Request
      0.00 Acres

      15 Busse Rd

      COMMERCIAL (GENERAL) • 0.00 Acres
      15 Busse Rd, Mount Prospect, IL 60056-2901
      View Details
    • Value Estimation
      $280,000
      0.07 Acres

      888 Enw Hwy

      COMMERCIAL (GENERAL) • 0.07 Acres
      888 Enw Hwy, Mount Prospect, IL 60056-3443
      View Details
    • Value Estimation
      $280,000
      0.07 Acres

      864 Enw Hwy

      COMMERCIAL (GENERAL) • 0.07 Acres
      864 Enw Hwy, Mount Prospect, IL 60056-3443
      View Details
    • Value Estimation by Request
      318,693 SF

      Rand & Elmhurst Rd

      Retail properties • 318,693 SF
      0 Rand & Elmhurst Rd, Mount Prospect, IL 60056
      View Details
    • Value Estimation by Request
      6.48 Acres

      608 Pickwick Ct

      COMMERCIAL (GENERAL) • 6.48 Acres
      608 Pickwick Ct, Mount Prospect, IL 60056
      View Details
    • Value Estimation by Request
      7,500 SF

      102 100 - Hwy

      Retail properties • 7,500 SF
      102 100 - Hwy, Mount Prospect, IL 60056
      View Details

    Similar Nearby for Sale

    • $499,000
      1.45 Acres

      Barrington Commercial Land

      1.45 Acres, High Traffic Area
      14 Hwy & 20 St, Mount Prospect, IL 60056
      View Details
    • Contact for pricing
      16,568 SF

      Mount Prospect Office Building

      16,568 SF Office, High-Density Parking
      1040 Northwest Hwy, Mount Prospect, IL 60056
      View Details
    • $6,137,830
      9,260 SF

      Randhurst Village Outparcel Opportunity

      Outparcel to super-regional mixed-use center in Chicago MSA.
      102-118 E Kensington Rd, Mt Prospect, IL 60056
      View Details
    • $249,000

      Turnkey Restaurant Opportunity

      Fully equipped restaurant for sale in Mount Prospect, Illinois.
      1025 S Elmhurst Rd, Mount Prospect, IL 60056
      View Details
    • Contact for pricing
      16,568 SF

      Mount Prospect Office/Warehouse Building

      16,568 SF building with office and warehouse space.
      1040 W Northwest Hwy, Mount Prospect, IL 60056
      View Details
    • $185,000
      0.29 Acres

      Residential Lot Backing Melas Park

      Serene residential lot near parks and top-rated schools.
      1326 W Central Rd, Mount Prospect, IL 60056
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      120,255 SF

      Oakton Industrial Space Available

      Mount Prospect warehouse/flex space for lease.
      2420 Oakton St, Mount Prospect, IL 60056
      View Details
    • Contact for pricing
      2,600 SF

      Retail Space in Mt Prospect

      Retail space available in a busy shopping center.
      990 E Rand Rd, Mt 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
    • 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
    • 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
      3,748 SF

      Redeveloped Mixed-Use Center Retail Space

      Open-air mixed-use center with retail, office, and hotel space.
      201 Euclid Ave, Mt Prospect, IL 60056
      View Details
    Request Owner's contact information
    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.
    113 Prospect Ave
    Mt Prospect, IL 60056-3135
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    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
    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.