Mount Prospect, IL Retail Space for Lease

Search 10 retail listings in Mount Prospect, IL and find helpful local stats in the Market Overview section below.

105-115 S Main St

105-115 S Main St, Mount Prospect, IL
Property

Retail

7,000 SF
Availability

2 Spaces

7,000 SF
Year Built

2024
For Lease Contact for pricing
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Brentwood Square Shopping Center

1714 E. Kensington Rd., Mount Prospect, IL
Property

Retail

33,011 SF
Availability

3 Spaces

4,080 SF
For Lease

$18.00/SF/YR
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1100-1190 S Elmhurst Rd, Mount Prospect, IL

1100 S Elmhurst Road, Mount Prospect, IL
Property

Retail

31,900 SF
Availability

4 Spaces

5,391 SF
For Lease

$12.00/SF/YR
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2-90 E Northwest Hwy Mt Prospect

2-90 E Northwest Hwy Mt Prospect, Mount Prospect, IL
Property

Retail

42,000 SF
Availability

1 Space

2,543 SF
Year Built

2003
For Lease

$26.00/SF/YR
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Shops at Village Centre

2 East Northwest Highway, Mount Prospect, IL
Property

Retail
Availability

1 Space

10,000 SF
For Lease Contact for pricing
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70 E Busse Mount Prospect

70 E Busse Mount Prospect, Mount Prospect, IL
Property

Retail

64,000 SF
Availability

1 Space

2,688 SF
For Lease

$22.00/SF/YR
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Mount Prospect Center

1500 North Elmhurst Road, Mount Prospect, IL
Property

Retail

191,320 SF
Availability

2 Spaces

24,750 SF
Year Built

1994
For Lease Contact for pricing
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Randhurst Village

350 East Kensington Road, Mount Prospect, IL
Property

Retail

943,687 SF
Availability

21 Spaces

237,378 SF
Year Built

1962
For Lease Contact for pricing
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Mount Prospect Plaza

940-1100 East Rand Road, Mount Prospect, IL
Property

Retail

5,004 SF
Availability

7 Spaces

12,221 SF
For Lease Contact for pricing
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950 E Rand Rd

950 E Rand Rd, Mount Prospect, IL
Property

Retail

4,300 SF
Availability

1 Space

4,300 SF
For Lease

$45.00/SF/YR
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Retail Space Rents in Mount Prospect, IL

Rent costs for this type of commercial space depend on a variety of factors. The foremost of these is location, which will dictate how accessible a business is and how much foot traffic it gets. Other factors, such as space type and lease structure, also come into play. On average, retail space for lease in Mount Prospect asks $16.78 per square foot.

Retail Space Lease Types in Mount Prospect, IL

The most common type of lease agreement you’ll find here is NNN, with 8 space(s) available under this type of arrangement.

Most Common Type of Lease for Retail Buildings in Mount Prospect, IL

NNN 8

Average Size of Retail Space for Lease in Mount Prospect, IL

The average size for this type of rental opportunity in Mount Prospect is 1,000 sqft to 2,500 sqft. Currently, the local market offers 17 listing(s) within that size range. You can also search 13 listing(s) in the 2,500 sqft to 5,000 sqft range. It should be noted that spaces in this real estate category are generally specialized to cater to the needs of a particular business, so the average sizes of different retail space types can vary greatly.

Retail Space Types You Can Lease in Mount Prospect, IL

Retail space in Mount Prospect comes in all types, shapes, and sizes, so you have a good chance to find the right space for your business. The most common type here is listed as Restaurant and you can find 1 such space(s) available.  

Restaurant spaces listed for rent here have an average size of 4,000 square feet. Retail space specialized for restaurants usually includes ample seating areas and enough room for the safe preparation of food. Restaurant spaces may be embedded in a larger mall or can be freestanding buildings.

The local market is also home to 1 space(s) listed as Retail Pad. The average size you can expect to find for this category is 3,000 square feet. Also referred to as a pad site or an outparcel, the retail pad basically refers to a freestanding commercial real estate parcel that is located near to or in the front of a larger shopping center, strip mall, or similar property.

What’s more, you can find 1 listing(s) in the Freestanding category, currently available in the average size of 1,261 square feet. Freestanding retail spaces or buildings are a great choice for businesses that need more room to carry out their day-to-day operations and want to stand out. Being located on their own lot and generally featuring more generous showroom and storage space than other such space types, freestanding retail offers tenants the leeway to build the experience they want.

Number of Retail Spaces for Lease in Mount Prospect, IL, by Use Type

Restaurant

Retail Pad

Freestanding

Average Retail Listing Size in Mount Prospect, IL, by Use Type

Restaurant

4,000 sq. ft.

Retail Pad

3,000 sq. ft.

Freestanding

1,261 sq. ft.

However, besides these popular subtypes, the market has a lot to offer for entrepreneurs looking for the right space to promote their business and get their goods to customers.

Key Factors to Consider When Choosing a Retail Space for Lease

When you’re looking to give your business a storefront, there are a lot of decisions to be made. The first choice is, of course, location. You’ll have to decide whether your business would operate better in the heart of the city or if it is more likely to thrive in a suburban setting.

How much space do you think you will need? A smaller, more specialized business may find a mall space to be more than accommodating, but if you’re looking to set up a business like a diner, car wash, or furniture store, a freestanding space or big box retail space in a shopping center may be more appropriate.

Some properties also go the extra mile to become more environmentally friendly, which is often indicated by a LEED certification. The Mount Prospect real estate market is home to 2 LEED-certified retail building(s). This kind of space represents 16.67% of the city’s total retail real estate.

Distribution of LEED-Certified Retail Properties in Mount Prospect, IL

LEED Gold

LEED

Data based on retail spaces listed for rent on CommercialSearch.com

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Mount Prospect, IL Retail Space for Lease

105-115 S Main St

Brentwood Square Shopping Center

1100-1190 S Elmhurst Rd, Mount Prospect, IL

2-90 E Northwest Hwy Mt Prospect

Shops at Village Centre

70 E Busse Mount Prospect

Mount Prospect Center

Randhurst Village

Mount Prospect Plaza

950 E Rand Rd