For Sale
Mount Prospect, IL
Commercial Real Estate Market Trends & Data
$207
Avg asking sale price
$15
Avg asking lease rate
8,854 SF
Avg unit lease size
29,765 SF
Avg building size for sale
7.62%
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{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Mount Prospect | $159 | 38,590 SF | 12.10% |
| Prospect Heights | $107 | 41,545 SF | 12.10% |
| Des Plaines | $119 | 42,052 SF | 3.25% |
| Arlington Heights | $136 | 35,031 SF | 10.88% |
| Wheeling | $111 | 22,978 SF | 12.10% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Mount Prospect | $142 | 39,130 SF | 5.50% |
| Des Plaines | $152 | 55,036 SF | 5.50% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Mount Prospect | $293 | 24,301 SF |
| Prospect Heights | $442 | 37,561 SF |
| Des Plaines | $351 | 7,360 SF |
| Arlington Heights | $632 | 12,106 SF |
| Wheeling | $335 | 30,385 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Mount Prospect | $203 | 9,270 SF | 7.47% |
| Des Plaines | $207 | 13,000 SF | 7.47% |
| Elk Grove Village | $198 | 4,540 SF | 6.97% |
| Norridge | $169 | 28,935 SF | 7.29% |
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
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
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 | $207 | 29,765 SF |
| Prospect Heights | $266 | 43,390 SF |
| Des Plaines | $253 | 30,352 SF |
| Arlington Heights | $316 | 22,223 SF |
| Wheeling | $228 | 33,703 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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