Mount Prospect, IL
Commercial Real Estate Market Trends & Data

$178 Avg asking sale price
$16 Avg asking lease rate
19,333 SF Avg unit lease size
30,795 SF Avg building size for sale
7.63% Average cap rate

Mount Prospect's Demographic Profile

Mount Prospect has 21,312 households and a median income of $91,814, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 56,174
# Households 21,312
Median age 42
Median household income $91,814
Avg household size 3.0
Renter-occupied housing units 6,852
5-year population change -2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Mount Prospect, IL

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Mount Prospect $211 33,885 SF 12.10%
Prospect Heights $107 41,545 SF 12.10%
Des Plaines $118 31,335 SF 3.25%
Arlington Heights $131 21,589 SF 9.49%
Wheeling $205 22,978 SF 12.10%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Mount Prospect $136 36,771 SF 5.50%
Des Plaines $161 60,089 SF 5.50%
Nearby Retail Markets Avg Cost/SF Typical Size
Mount Prospect $262 29,288 SF
Prospect Heights $553 41,718 SF
Des Plaines $307 7,600 SF
Arlington Heights $673 11,467 SF
Wheeling $359 31,900 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Arlington Heights $288 66,069 SF 5.73%
Glenview $438 4,664 SF 5.27%

Commercial Properties For Sale in Mount Prospect

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Kensington Corner

Arlington Heights, IL 60004

  • 1.01 AC Lot
  • 1 Commercial Lot
  • $2,500,000
For Sale

1204 E Central Rd

Arlington Heights, IL 60005

  • 3,600 SF Office Building
  • $675,000
For Sale

1150 W Northwest Hwy

Mount Prospect, IL 60056

  • 5,707 SF Office Building
  • $1,250,000
For Sale

UNIT 113

Elk Grove Village, IL 60007

  • 16,309 SF Office Building
  • $109,900
For Sale

50 Joey Dr

Elk Grove Village, IL 60007

  • 6,000 SF Industrial Building
  • $649,500
For Sale

776 W Oakton St

Des Plaines, IL 60018

  • 3,400 SF Retail Building
  • $1,750,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Mount Prospect pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Mount Prospect $178 30,795 SF
Prospect Heights $291 42,609 SF
Des Plaines $210 29,598 SF
Arlington Heights $305 20,172 SF
Wheeling $227 34,474 SF

Regional Demographic Comparison

This comparison places Mount Prospect alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Mount Prospect or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Mount Prospect 56,174 21,312 42 $91,814 3 6,852 -2%
Prospect Heights 15,436 6,180 42 $75,681 2 2,265 -3%
Des Plaines 59,562 23,074 44 $78,497 3 5,574 -2%
Arlington Heights 76,743 30,650 44 $107,502 2 7,841 -3%
Wheeling 39,441 15,240 41 $74,884 3 6,191 -2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Mount Prospect, IL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Mount Prospect

View All Commercial Real Estate For Sale in Mount Prospect
Is Mount Prospect a good market for a first-time commercial real estate investor?

Mount Prospect offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Mount Prospect?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Mount Prospect. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Mount Prospect?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Mount Prospect. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Mount Prospect compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Mount Prospect. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Mount Prospect acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Mount Prospect, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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