Mount Prospect, IL Commercial Real Estate for Lease and Sale

Explore 24 listings of Mount Prospect commercial real estate for lease and for sale to find the best space for your business.

CRE Market FAQs

Lake Center Plaza

1699 Wall Street, Mount Prospect, IL
Property

Office

147,500 SF
Availability

1 Space

49,126 SF
Year Built

1976
For Lease Contact for pricing
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105-115 S Main St

105-115 S Main St, Mount Prospect, IL
Property

Retail

10,000 SF
Availability

1 Space

4,500 SF
For Lease

$28.00/SF/YR
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70 E Busse Mount Prospect

70 E Busse Mount Prospect, Mount Prospect, IL
Property

Retail

64,000 SF
Availability

1 Space

2,688 SF
For Lease

$22.00/SF/YR
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Sublease of Former Aloha Poke

916 North Elmhurst Rd, Mount Prospect, IL
Property

Retail

29,621 SF
Availability

1 Space

1,400 SF
Year Built

2019
For Lease

$42.00/SF/YR
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Affiliated Plaza

1700 W. Algonquin Rd., Mount Prospect, IL
Property

Retail

28,717 SF
Availability

2 Spaces

7,258 SF
For Lease Contact for pricing
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2-90 E Northwest Hwy Mt Prospect

2-90 E Northwest Hwy Mt Prospect, Mount Prospect, IL
Property

Retail

42,000 SF
Availability

1 Space

2,543 SF
Year Built

2003
For Lease

$26.00/SF/YR
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Golf Plaza II

1000-1080 S. Elmhurst Road Mount Prospect IL 69956, Mount Prospect, IL
Property

Mixed Use

144,861 SF
Availability

4 Spaces

20,975 SF
For Lease Contact for pricing
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1100 W Northwest Hwy

1100 W Northwest Hwy, Mount Prospect, IL
Property

Unassigned
Availability

1 Space

600 SF
For Lease

$14.00 - $18.00/SF/YR
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1100-1190 S Elmhurst Rd, Mount Prospect, IL

1100 S Elmhurst Road, Mount Prospect, IL
Property

Retail

31,900 SF
Availability

4 Spaces

5,391 SF
For Lease

$12.00/SF/YR
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111 East Busse Avenue

111 East Busse Avenue, Mount Prospect, IL
Property

Office

90,889 SF
Availability

11 Spaces

40,816 SF
Year Built

1975
For Lease

$18.00/SF/YR
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1699 Wall Street

1699 Wall Street, Mount Prospect, IL
Property

Office

147,500 SF
Availability

22 Spaces

50,654 SF
Year Built

1976
For Lease

$10.00 - $16.00/SF/YR
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Countryside Court

1100-1190 S Elmhurst Rd, Mount Prospect, IL
Property

Retail

31,900 SF
Availability

2 Spaces

2,541 SF
Year Built

1974
For Lease

$13.00/SF/YR
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Mount Prospect Center

1500 North Elmhurst Road, Mount Prospect, IL
Property

Retail

191,320 SF
Availability

2 Spaces

17,750 SF
Year Built

1994
For Lease Contact for pricing
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Kensington Business Center - 1400-1440 East Business Center Drive

1400 East Business Center Drive, Mount Prospect, IL
Property

Industrial

77,500 SF
Availability

1 Space

15,424 SF
Year Built

1989
For Lease

$10.50/SF/YR
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950 East Rand Road

950 East Rand Road Mount Prospect, Mount Prospect, IL
Property

Retail

4,300 SF
Availability

1 Space

4,300 SF
For Lease

$45.00/SF/YR
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Kensington Office Plaza I

1661 Feehanville Drive, Mount Prospect, IL
Property

Office

89,000 SF
Availability

2 Spaces

11,707 SF
Year Built

1986
For Lease

$23.50/SF/YR
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Randhurst Village

350 East Kensington Road, Mount Prospect, IL
Property

Retail

966,633 SF
Availability

24 Spaces

245,831 SF
Year Built

1962
For Lease Contact for pricing
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62,452 SF Available for Lease in Mt. Prospect

607-609 Dempster St, Mount Prospect, IL
Property

Industrial

228,097 SF
Availability

1 Space

62,452 SF
For Lease Contact for pricing
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Golf Plaza II

1000-1080 S. Elmhurst Road, Mount Prospect, Mount Prospectmount Prospect, IL
Property

Retail
Availability

5 Spaces

32,123 SF
For Lease Contact for pricing
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Mattress Firm

1020 E Central Rd, Mount Prospect, IL
Property

Retail

3,744 SF
Year Built

2022
For Sale

$1,900,000
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2200 S. Busse Rd.

2200 S. Busse Rd. , Mount Prospect, IL
Property

VacantLand
Availability

1 Space

0.5 Acre
For Lease Contact for pricing
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Clock Tower Place, Mount Prospect

100 - 102 W Northwest Hwy, Mount Prospect, IL
Property

Retail

7,500 SF
Availability

1 Space

1,500 SF
Year Built

1999
For Lease

$26.00/SF/YR
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Randhurst Village

1 Randhurst Village Drive, Mount Prospect, IL
Property

VacantLand

2 Acre
Availability

2 Spaces

2 Acre
For Lease Contact for pricing
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111 East Busse Avenue

111 East Busse Avenue, Mount Prospect, IL
Property

Office

70,889 SF
Availability Contact for availability
Year Built

1975
For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Mount Prospect commercial real estate market incorporates 545,778 square feet of office space across 6 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Mount Prospect commercial real estate market includes 1,407,891 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Mount Prospect market, there is a total of 77,500 square feet of industrial property.

The listing inventory in Mount Prospect incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Mount Prospect is represented by Retail space, which accounts for 344,618 square feet of available listings. Office space available in Mount Prospect adds up to 152,303 square feet.

Meanwhile, most of the listings of commercial property for sale in Mount Prospect are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Mount Prospect is $14.15 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Mount Prospect can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Mount Prospect, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $22 per square foot. In particular, the property type commanding the highest lease rates in Mount Prospect was Retail space.

The average size of a commercial property in Mount Prospect depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Mount Prospect, the average size of an office property is 109,156 square feet.
Retail properties here incorporate an average of 117,325 square feet.
Industrial space in Mount Prospect is in buildings that are, on average 77,500 square feet in size.

Mount Prospect, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Mount Prospect currently add up to 688,479 square feet. The market offers 6 active office listing(s), which amount to 152,303 square feet and account for 26% of commercial spaces on the market. Local retail availability includes 344,618 square feet across 12 retail space(s). Industrial space for rent opportunities in Mount Prospect amount to 77,876 square feet across a total of 2 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	6	152,303
Retail	12	344,618
Industrial	2	77,876
Other	3	113,682

Mount Prospect, IL Commercial Real Estate for Lease and Sale

Lake Center Plaza

105-115 S Main St

70 E Busse Mount Prospect

Sublease of Former Aloha Poke

Affiliated Plaza

2-90 E Northwest Hwy Mt Prospect

Golf Plaza II

1100 W Northwest Hwy

1100-1190 S Elmhurst Rd, Mount Prospect, IL

111 East Busse Avenue

1699 Wall Street

Countryside Court

Mount Prospect Center

Kensington Business Center - 1400-1440 East Business Center Drive

950 East Rand Road

Kensington Office Plaza I

Randhurst Village

62,452 SF Available for Lease in Mt. Prospect

Golf Plaza II

Mattress Firm

2200 S. Busse Rd.

Clock Tower Place, Mount Prospect

Randhurst Village

111 East Busse Avenue

Frequently Asked Questions

Mount Prospect, IL Currently Available Listings

Commercial Space for Lease Breakdown

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Mount Prospect, IL Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Mount Prospect, IL?

What factors affect the price of commercial real estate in Mount Prospect, IL?

What is the average rent for commercial space in Mount Prospect, IL?

What are the best areas for commercial real estate in Mount Prospect, IL?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Mount Prospect, IL?

Mount Prospect, IL Currently Available Listings

Commercial Space for Lease Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us