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$1,699,000 Just Listed

  • For Sale
  • Active
  • Warehouse
  • 14,000 Sq. Ft.
  • Updated 16 hours ago
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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.

Full Property Details for 237 E Prospect Ave

General

  • Price: $1,699,000
  • Taxes: $64,497 (2025)
  • Status: Active
  • Type: Warehouse
  • Source: MRED
  • MLS ID: 12671662

Interior

  • Interior Features: Common Lunchroom(s), Common Meeting Room(s), Passenger Elevator(s), Accessible Entrance, Accessible Washroom/s, Private Restroom(s), Storage Inside
  • Flooring: Concrete

Additional Information

  • Security/Safety: Fire Extinguisher(s)

Location

  • Area: Mount Prospect
  • County: Cook
  • Township: Elk Grove
  • Driving Directions: Pass intersection of S Main St & US-14 right onto S Emerson St, left onto E Prospect Ave, building to the right passing S Elm St.
  • Location Details: Northwest Suburban, Mixed-Use Area

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air

Structural Information

  • Construction: Concrete, Brick
  • Exterior Const.: Concrete, Brick
  • Foundation: Concrete Perimeter
  • Drive-In Doors: 1
  • # Loading Docks: 1
  • Loading: Common
  • Sub-Flooring: Concrete
  • Stories/Levels: 1
  • Square Feet: 14,000
  • Current Bldg. Use: Commercial, Industrial
  • Year Built: 1962
  • Built Before 1978: Yes

Lot Features

  • Lot Size (Acres): 0.76
  • Lot Size (Sq. Ft.): 33,539
  • Lot Dimensions: 164 x 263 x 140 x 183
  • Frontage: Public Road
  • Potential Use: Commercial, Industrial
  • Zoning: INDUS

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Security Deposit: Fire Extinguisher/s
  • Assessment Year: 1962
  • Tax Amount: $64,497.32
  • Tax Year: 2025

Disclosures and Reports

  • Property ID: 8121220170000

Listed by Baird & Warner

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Listing agent

— 237 E Prospect Ave —

  • Baird & Warner

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 237 E Prospect Ave

School Districts:Mount Prospect School District 57, Township High School District 214
NameGradesDistance
Lions Park Elementary School
300 East Council Trail, Mount Prospect, IL 60056
2-50.3 mi
Westbrook Early Learning Center
103 Busse Road, Mount Prospect, IL 60056
PK-11.4 mi
Lincoln Middle School, Mount Prospect, IL
700 West Lincoln Street, Mount Prospect, IL 60056
6-80.8 mi
Prospect High School
801 West Kensington Road, Mount Prospect, IL 60056
9-121.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 237 E Prospect Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$58,438
—
$262,000
25%
2023
$58,438
4%
$209,790
—
2022
$56,190
-13%
$209,790
2%
2021
$64,279
2%
$206,294
—
2020
$62,946
11%
$206,294
—
2019
$56,576
6%
$206,294
18%
2018
$53,539
—
$175,000
—
2017
$53,683
15%
$175,000
—
2016
$46,490
-6%
$175,000
3%
2015
$49,411
2%
$169,999
—
2014
$48,577
—
$169,999
—
2013
$48,532
7%
$169,999
-4%
2012
$45,482
—
$176,572
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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237 E Prospect Avenue, Mount Prospect, IL 60056 (MLS# 12671662) is a Warehouse property. 237 E Prospect Avenue is currently listed for $1,699,000 and was received on July 14, 2026. Want to learn more about 237 E Prospect Avenue? Do you have questions about finding other Warehouse real estate for sale in Mount Prospect? You can browse all Mount Prospect real estate or contact a Coldwell Banker agent to request more information.

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