Active · For Sale · Industrial

237 E Prospect Avenue, Mount Prospect, IL 60056

MLS opportunity selected in connection with 450 Bennett Rd, Elk Grove Village, IL, USA

MLS #12671662

237 E Prospect Avenue, Mount Prospect, IL 60056
237 E Prospect Avenue, Mount Prospect, IL 60056CRER
237 E Prospect Avenue, Mount Prospect, IL 60056

Start a conversation

Inquire about this property

237 E Prospect Avenue, Mount Prospect, IL 60056

Property inquiry details

By submitting, you agree to the CRER privacy policy.

The property

Executive summary

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.

Investor Resource

Property Intelligence

Financial Snapshot

Annual Taxes
$64,497 (2025)

Property Details

Building Size
14,000 SF
Lot Size
33,539 SF
Lot Acreage
0.76
Lot Dimensions
164x263x140x183
Stories
1
Year Built
1962
Building Age
Older
Construction
Concrete, Brick
Roof
Flat
Zoning
INDUS
Parcel Number
08121220170000

Operations & Utilities

Heating
Forced Air
Cooling
Central Air
Electric
Circuit Breakers
Possession
Closing, Immediate

Location & Use

County
Cook
Market Area
Mount Prospect
Township
Elk Grove
Present Use
Commercial, Industrial
Potential Use
Commercial, Industrial
Location
Mixed Use Area
Frontage
Public Road

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.