2300-2324 S Elmhurst Rd
Mount Prospect, IL 60056
Colony Square Shopping Center · Retail Property For Sale

Marcus & Millichap is pleased to offer the fee simple interest in Colony Square, an approximately 40,000 square foot shopping plaza located on South Elmhurst Road in Mount Prospect, IL. Colony Square sits one block north of the cloverleaf Elmhurst Road exit off US-90, an interstate with a daily traffic count that exceeds 140,000 cars. The plaza has been professionally managed and maintained, and the facade has recently been upgraded. Despite the professional management, there are a number of inefficiencies in the operation of the center that a new owner could correct given enough time. Positioned on the northwest corner at the signalized intersection of South Elmhurst and Oakton Street, this shopping center benefits from exceptional visibility. The state of Illinois is currently wrapping up an enormous project to widen the streets and re-light the entire intersection. The result of this will bestow a number of advantages to Colony Square, especially compared to the retail competitors in the area. The fact that these tenants have been able to weather the potentially devastating effects of this road work (ingress and egress has been severely restricted at times) speaks to the fundamental stability of Colony Square. The population that works and resides near Colony Square is dense and diverse, with the average household income above the national average. You take advantage of the traffic exiting 90, heading north, as well as all the traffic heading to 90 from the surrounding northwest suburbs. For retailers who are interested in this particular corridor, there is not a better location.