237 E Prospect Avenue Mount Prospect, IL $ 1,699,000
237 E Prospect Avenue
$ 1,699,000
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237 E Prospect Avenue

Mount Prospect, IL, 60056
$ 1,699,000
Bedrooms-- Baths-- Sq 14,000

Monthly Estimate*

$ 10,728

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Commercial Property for sale in Mount Prospect, IL

for $1,699,000. This 14,000 square foot building was built in 1962 on a lot size of 0.76.

Exceptional opportunity to own a 14,000 SF industrial building in the heart of downtown Mount Prospect. Located adjacent to recently developed multifamily apartment communities, this property may present future redevelopment potential for qualified investors or developers. The property is currently zoned I-1 Limited Industrial, and any proposed redevelopment would require the appropriate approvals from the Village of Mount Prospect. Buyers should perform their own due diligence. This facility features 8 private offices, each with its own private restroom, a conference room, multiple storage rooms, and a spacious warehouse designed for a variety of industrial or manufacturing operations. The warehouse includes industrial utility infrastructure, employee restrooms, a kitchen/break area, a loading dock, and an overhead drive-in door for efficient shipping and receiving. Additional highlights include approximately 20 on-site parking spaces, a prime location within walking distance of the Metra station and downtown Mount Prospect, and convenient access to Elk Grove Village one of the region's premier industrial and business corridors. For Sale Only - Not Available for Lease.

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Commercial Active

Price

$ 1,699,000

Property Type

Commercial

Taxes

$ 64,497

Style

Commercial,Industrial

Lot Size

0.76

Year Built

1962

Town/City

Mount Prospect

County/Region

Cook

MLS | Web ID

12671662

Features
General
Cooling Central Air
Possession Closing Immediate
Zoning INDUS
Construction Materials Concrete Brick
Year Built 1962
Electric Circuit Breakers
Stories Count 1
Township Elk Grove
Property Subtype Warehouse
Tax Year 2025
Current Use Commercial Industrial
Gross Income 0
County Cook
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Industrial
Possible Use Commercial Industrial
Status New
Directions Pass intersection of S Main St & US-14 right onto S Emerson St left onto E Prospect Ave building to the right passing S Elm St.
City Mount Prospect
MLS Area Mount Prospect
Lot Size Square Feet 33539
Tax Annual Amount 64497.32
Additional Parcels Y/N N
Leasable Area 14000
Lease Type N/A
Standard Status Active
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Interior
Flooring Concrete
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 14000
Lot Dimensions 164x263x140x183
Lot Size Acres 0.76
Frontage Type Public Road
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* Excluded Features
List By
Baird & Warner

Broker

minetarreola0@gmail.com

Email

Affordability Calculator

$16,102
Per Month
67%
33%
0%
Monthly Principal & Interest
$10,728
Monthly Property Taxes
$5,375
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/14/2026$1,699,000 Listed Price

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237 E Prospect Avenue, Mount Prospect, IL, 60056 is a Commercial Property for sale at $1,699,000 with 14,000 sqft and a lot size of 0.76. 237 E Prospect Avenue was built in 1962. The property's zip code is 60056 which is in Mount Prospect, IL