About This Home

This 0-bedroom, 0-bathroom commercial at 237 E. Prospect Avenue in Mount Prospect, IL is listed for $1,699,000. Built in 1962, on a N/A lot.

Key Features

  • Built in 1962

Property Details

1962
Listing Description

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.

Monthly Cost Estimate

$9,087/mo

20% down · 6.5% · 30 years

Principal$1,229
Interest$7,362
Insurance$496

Estimates only. Actual payments may vary.

Location

237 E. Prospect Avenue

Mount Prospect, IL 60056

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 237 E. Prospect Avenue is listed at $1,699,000. The estimated monthly payment is $9,087 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1962.

This property is listed by Minet Arreola and can be reached at 8473811855.

MA

Minet Arreola

Agent at Baird & Warner Real Estate

(847) 381-1855

Listed by Baird & Warner Real Estate · Broker phone: 8473811855 · View on Broker Site

MLS# 12671662· Source: Baird & Warner Real Estate· 7 days on PropertySimple

Copyright © 2026 Baird & Warner Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

237 E. Prospect Avenue, Mount Prospect, IL 60056

Open this listing in: