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$24
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Property Description
Multi-room space adaptable for retail, showroom, office, etc. Great Downtown Mount Prospect location, just .5 mile from the Metra station. Monthly Rent: $3,850, $24 psf. Approximately 1925 sq ft. Tenant or their agent to verify.
Full Property Details
Full Property Details for 514 W Northwest Hwy
General
- Price: $24
- Taxes: $14,120 (2024)
- Status: Active
- Type: Commercial Lease
- Source: MRED
- MLS ID: 12700542
- Updated: 7/15/2026
- Added to Site: 59 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: Mount Prospect
- County: Cook
- Driving Directions: Located on Northwest Highway, just northwest of Central.
- Location Details: Central Business District
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls
Structural Information
- Stories/Levels: 1
- Year Built: 1960
Lot Features
- Lot Size (Sq. Ft.): 2,650
- Lot Dimensions: 50 x 76
- Zoning: COMMR
Financial Considerations
- Lease Price: $24
- For Sale/Rent/Lease: For Rent Only
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1960
- Tax Amount: $14,120.09
- Tax Year: 2024
- Tenant Pays: Varies by Tenant, All Utilities
Listed by My Town Realty Group Inc
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Schools
Schools serving 514 W Northwest Hwy
School Districts:Mount Prospect School District 57, Township High School District 214
| Name | Grades | Distance |
|---|---|---|
Fairview Elementary School, Mount Prospect, IL 300 North Fairview Avenue, Mount Prospect, IL 60056 | 2-5 | 0.4 mi |
Westbrook Early Learning Center 103 Busse Road, Mount Prospect, IL 60056 | PK-1 | 0.8 mi |
Lincoln Middle School, Mount Prospect, IL 700 West Lincoln Street, Mount Prospect, IL 60056 | 6-8 | 0.6 mi |
Prospect High School 801 West Kensington Road, Mount Prospect, IL 60056 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 514 W Northwest Hwy
Date
Details
Price
Change
Source
7/09/2026
Listed
$24
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 514 W Northwest Hwy
514 W Northwest Highway, Mount Prospect, IL 60056 (MLS# 12700542) is a Commercial Lease property. 514 W Northwest Highway is currently listed for $24 and was received on July 09, 2026. Want to learn more about 514 W Northwest Highway? Do you have questions about finding other Commercial Lease 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.

