Leading Edge Realty Advisors: Commercial Real Estate Experts in Mount Prospect, Illinois
Mount Prospect, Illinois is a vibrant suburban community northwest of Chicago and in close proximity to O’Hare International Airport.
With a population of approximately 56,852 residents, the residents enjoy a vibrant and growing downtown with many new housing and restaurant choices. The key industries of Mount Prospect, Illinois are retail trade, administrative and support services, manufacturing, wholesale trade and health care.
Mount Prospect, Illinois Industrial Real Estate Market
According to CoStar, there are 82 industrial properties in Mount Prospect, Illinois, consisting of warehouses, distribution centers and manufacturing facilities suited for logistics and production needs. These properties are primarily located in the Kensington Business Center industrial park, which spans 300 acres. Additional properties exist in other corridors, such as Elmhurst Road and Algonquin Road. There are two newly constructed industrial properties in Mount Prospect located at 2240 S. Busse Road and 1305 E. Algonquin Road. With its proximity to O’Hare Airport and I-90, this thriving industrial community offers prime opportunities for businesses seeking efficient, modern spaces- contact Leading Edge Realty Advisors to explore available listings.
Mount Prospect, Illinois Retail Real Estate Market
According to CoStar there are 239 retail properties in Mount Prospect, Illinois, consisting of shopping centers, grocery-anchored strip malls, mixed-use developments, standalone buildings and neighborhood retail spaces. Mount Prospect retail thrives along Rand Road, Elmhurst Road and Northwest Highway, hosting everything from lifestyle centers to mixed-use developments. There are four newer retail construction properties over the past 5 years, mostly mixed-use developments in downtown Mount Prospect. Leading Edge Realty Advisors recently redeveloped the retail property at 127-137 W. Prospect Avenue in Mount Prospect, adding two new restaurants to the area.
Mount Prospect, Illinois Office Real Estate Market
According to CoStar there are 88 office properties in Mount Prospect, Illinois consisting of Class A, B, C, medical office, office-business park properties and co-working and flexible office spaces. These properties are concentrated in the downtown Mount Prospect, along Rand Road and in the business parks. With its diverse office spaces and prime location near Chicago, Mount Prospect is ideal for businesses seeking modern, accessible workplaces- contact Leading Edge Realty Advisors to find your perfect office solution today.
Our Property Management Services in Mount Prospect, Illinois
Leading Edge Realty Advisors has a strong commercial property management presence in Mount Prospect, Illinois managing three retail strip center properties on Northwest Highway, Prospect Avenue and Central Road.
Our team is ready and available to manage more office, retail and industrial assets in the area.
Please contact us at 847-868-5745 if you are interested in learning more about our real estate services.
Why You Should Relocate or Expand Your Business to Mount Prospect, Illinois.
Mount Prospect, Illinois offers an excellent environment for business relocation or expansion, with is strategic location near O’Hare International Airport and major highways such as I-90. Mount Prospect has access to a skilled workforce of over 60,979 employees within a 3-mile radius, supported by high wages and an educated population where over 42% hold a bachelor’s degree or higher. Recent infrastructure investments from 2020-2025 include the Rand/Central Road traffic flow improvements, water main replacements for reliable water, and 5G deployments for enhanced connectivity. Contact Leading Edge Realty Advisors to leverage these advantages and secure a spot for your business.