Buy, Sell, & Lease Industrial Space in Mount Prospect

Mount Prospect, IL, offers a highly strategic location for businesses seeking industrial real estate in the northwest suburbs of Chicago. With direct access to I-90, I-294, and Route 83 and close proximity to O’Hare International Airport, Mount Prospect is exceptionally well-positioned for companies involved in light manufacturing, warehousing, and last-mile logistics.

The industrial real estate market in Mount Prospect caters to small and mid-sized users with a mix of traditional industrial facilities, adaptable flex spaces, and small-bay warehouses. Whether you’re operating a production line, managing regional distribution, or expanding your e-commerce footprint, Mount Prospect offers the infrastructure and workforce access needed for sustainable growth, without the congestion or pricing pressure of more saturated submarkets.

Whether you’re looking to buy an owner-user facility, lease warehouse or flex space, or sell an industrial property, Mount Prospect offers a competitive edge. With a strong municipal commitment to economic development, a skilled labor pool, and a reputation for business-friendly governance, Mount Prospect remains a smart choice for industrial occupiers and investors who need strategic access to both the city and surrounding regional markets.

Meet Our Mount Prospect Industrial Space Experts

As Vice President of Sales and Leasing, Gordon Lamphere J.D. guides our industrial real estate brokerage team.

Gordon’s advice is regularly featured in local and national press, and industry leaders recognize him as an industrial real estate expert.

He hosts Chicagoland’s Top Commercial Real Estate Podcast (The Real Finds Podcast) and is globally recognized for his industrial transactional and commercial real estate marketing expertise.

• Listen To The Podcast
• Follow Gordon’s Socials

How We Serve Your Industrial Real Estate Needs in Mount Prospect

Our agents do more than open doors—they act as strategic advisors, guiding you through every step of the industrial real estate process in Mount Prospect and the surrounding northwest suburban market.

Access Off-Market Opportunities:
Mount Prospect’s industrial market continues to attract high demand due to its proximity to I-90, I-294, and O’Hare International Airport. Many of the best opportunities—especially smaller warehouses and flex spaces—never reach public listing platforms. Our deep relationships with local owners, developers, and investors give our clients access to exclusive off-market deals that can give you a head start in a competitive environment.

Negotiate Favorable Terms:
In a tight and active submarket like Mount Prospect, negotiating favorable lease or purchase terms is essential. Whether you’re an owner-user, investor, or growing tenant, we help you secure the best possible deal—negotiating for tenant improvement allowances, flexible lease structures, early occupancy options, and market-based pricing.

Navigate Zoning and Permitting Challenges:
Mount Prospect features a mix of legacy industrial buildings, modern business parks, and redevelopment areas. We assist clients in navigating municipal zoning regulations, permitting processes, and potential code upgrades. Our local experience helps avoid delays and minimize friction when acquiring or leasing industrial assets.

Deliver Real-Time Market Insights:
We actively track the Mount Prospect industrial market—monitoring lease rates, absorption trends, vacancy shifts, and new developments. This real-time data allows our clients to act with clarity and confidence, whether they’re leasing a space, preparing a property for sale, or analyzing a new investment.

We’re Here to Help
Whether you’re expanding operations, downsizing, or entering Mount Prospect for the first time, Van Vlissingen & Co. offers the insight, relationships, and strategic guidance needed to succeed in one of the northwest suburbs’ most dynamic industrial markets.

Buying Industrial Space in Mount Prospect

Why Buy Industrial Real Estate in Mount Prospect?

Mount Prospect offers a strategic location for industrial real estate buyers seeking access to transportation infrastructure, a skilled suburban workforce, and long-term investment stability. Located just north of I-90 and minutes from I-294, Route 83, and O’Hare International Airport, Mount Prospect is ideally positioned for companies engaged in warehousing, light manufacturing, and last-mile logistics.

The village features a healthy inventory of small to mid-size industrial facilities, ranging from legacy brick buildings with solid utility infrastructure to modern flex spaces adaptable for various operations. With its strong municipal support, well-maintained business parks, and location within the broader O’Hare industrial corridor, Mount Prospect is a prime destination for owner-users and industrial investors looking to secure value in a mature but still evolving market.

As demand for infill suburban industrial space continues to rise across the northwest suburbs, Mount Prospect’s blend of access, affordability, and functionality makes it a reliable choice for long-term growth and operational efficiency.

Key Considerations for Mount Prospect Industrial Buyers

Proximity to Transportation:
Mount Prospect provides direct access to I-90 and I-294, as well as proximity to O’Hare International Airport and nearby intermodal facilities. For buyers with regional freight, distribution, or field service needs, transportation access will be a key value driver.

Zoning and Compliance:
Zoning across Mount Prospect varies by corridor and building type. Whether your use involves warehousing, fabrication, or a hybrid model, we help ensure that your intended operations align with local codes and any overlay district requirements, particularly if you’re considering an adaptive reuse or site modification.

Property Condition:
Many buildings in Mount Prospect are structurally sound but may need selective modernization. Our team helps you assess the condition of critical systems—roofing, HVAC, electrical service, loading infrastructure—and identify any capital expenditures needed to bring the facility up to modern standards.

Room for Expansion:
While Mount Prospect is largely built out, select parcels within industrial parks or near redevelopment zones may offer the potential for expansion or reconfiguration. We help identify scalable sites that allow your business to grow without future relocation.

Selling Industrial Space in Mount Prospect

Maximizing the Value of Your Industrial Property

Selling industrial property in Mount Prospect presents a strong opportunity to take advantage of rising demand in one of Chicago’s most accessible and strategically located northwest suburbs. With close proximity to I-90, I-294, Route 83, and O’Hare International Airport, Mount Prospect continues to attract interest from local businesses, regional owner-users, and institutional investors looking for well-located, functional industrial assets.

Our team specializes in helping Mount Prospect property owners unlock maximum value by combining precise market positioning, local expertise, and data-driven outreach strategies. We maintain deep relationships with a wide pool of qualified buyers, ranging from small business operators to private equity and institutional capital, ensuring your property receives the visibility it needs to sell quickly and at the best possible price.

Steps to Selling Industrial Space in Mount Prospect

Property Evaluation:
We begin with a comprehensive evaluation of your industrial asset, factoring in recent comparable sales, current demand trends in Mount Prospect and nearby markets, physical condition, zoning, and site utility. This allows us to create a pricing and positioning strategy aligned with real-time market conditions.

Effective Marketing:
Our tailored marketing campaigns highlight the specific strengths of your property, whether that’s clear height, loading dock configurations, proximity to I-90 or O’Hare, or available power and utility infrastructure. We combine digital listings, broker outreach, and targeted buyer matching using our proprietary database to generate serious interest and minimize time on market.

Negotiation and Closing:
From offer to closing, we manage every detail of the transaction process. Our team handles negotiations, contract review, buyer vetting, and administrative coordination, ensuring you secure favorable terms and a seamless closing experience. Our goal is to protect your interests and deliver results with minimal disruption.

Leasing Industrial Space in Mount Prospect

Flexible Leasing Options for Growing Businesses

Leasing industrial space in Mount Prospect offers businesses the opportunity to grow in a well-connected, business-friendly suburb located just northwest of Chicago. Whether you need a small warehouse, flex production space, or a mid-sized distribution facility, Mount Prospect provides a diverse range of leasing options that support operational agility, scalability, and long-term growth.

Strategically positioned near I-90, I-294, and O’Hare International Airport, Mount Prospect offers outstanding logistical access while maintaining competitive occupancy costs. The area’s industrial properties often feature sought-after amenities such as high-clear ceilings, dock and drive-in loading, heavy power capacity, and flexible floor plans, making them ideal for light manufacturing, e-commerce, logistics, or food-grade operations.

Mount Prospect Leasing Considerations

Lease Structure:
Industrial leases in Mount Prospect are typically offered as gross, modified gross, or triple-net (NNN) agreements. Each structure has its own financial implications. Our team works closely with you to structure a lease that fits your budget, operational strategy, and growth outlook.

Lease Term:
Whether you’re seeking a short-term solution or a long-term commitment, Mount Prospect landlords offer flexibility. We help you review renewal options, rent escalations, and other key clauses to ensure the lease supports your evolving business needs.

Tenant Improvements:
Many landlords in Mount Prospect are open to providing tenant improvement (TI) allowances to help you modify the space. Whether it’s expanding office areas, upgrading utility systems, or enhancing the production layout, we negotiate improvements that align with your operational priorities.

Expansion Opportunities:
Mount Prospect is home to a number of well-planned industrial parks and multi-tenant properties that offer built-in opportunities for future expansion. We help secure space that not only fits your current needs but also allows you to scale without disrupting your workflow.

Why Work with Our Team in Mount Prospect

Local Market Expertise
Navigating the industrial real estate market in Mount Prospect requires a deep understanding of zoning, infrastructure, and property dynamics unique to Chicago’s northwest suburbs. Our team specializes in Mount Prospect and the surrounding industrial corridors, helping businesses confidently buy, sell, and lease industrial space. Whether you’re seeking a small-bay warehouse, a last-mile distribution center, or a flexible owner-user facility, we guide you through every phase of the process to ensure your decisions align with your operational and investment goals.

Access to Off-Market Opportunities
Mount Prospect continues to attract high demand, especially among owner-users and e-commerce operators. Many of the best industrial opportunities never make it to public listing platforms. Through our extensive network of local property owners, developers, and brokers, we provide clients with access to exclusive off-market deals—giving you the inside track in a competitive market.

Data-Driven Insights
We actively track Mount Prospect’s industrial sector, monitoring lease rates, occupancy trends, development activity, and zoning changes. This allows us to provide accurate, up-to-the-minute guidance whether you’re evaluating space to lease, preparing a property for sale, or considering an investment. Our data-backed approach ensures you make informed, confident decisions in a fast-moving market.

We’re Here to Help
Whether you’re relocating, expanding, downsizing, or investing in Mount Prospect, Van Vlissingen & Co. delivers local expertise, strategic thinking, and hands-on service that puts your needs first. We’re more than brokers—we’re your partners in executing smart, successful industrial real estate transactions.

Amenities in Mount Prospect

Mount Prospect combines small-town charm with big-market connectivity, making it one of the most appealing locations for industrial and commercial real estate in Chicago’s northwest suburbs. With excellent transportation infrastructure, business-friendly leadership, and a high quality of life, Mount Prospect supports industrial operations and employee satisfaction. Key highlights include:

Downtown Mount Prospect:
This walkable village center features restaurants, coffee shops, local retailers, and a growing number of service-based businesses. It offers a vibrant, community-oriented atmosphere that supports both employee convenience and business visibility.

Randhurst Village:
A dynamic retail and lifestyle center built on the site of the historic Randhurst Mall, this development features national retailers, dining options, fitness centers, and hotels—ideal for businesses looking to attract and retain talent.

Mount Prospect Metra Station:
Served by the Union Pacific Northwest Line, the Metra station offers convenient access to downtown Chicago and neighboring suburbs. This enhances commuter options and supports logistics efficiency for businesses needing workforce accessibility and regional travel routes.

Parks and Recreation:
Mount Prospect is home to an extensive park system, including Melas Park and the Mount Prospect Golf Club. These recreational amenities offer wellness and lifestyle benefits that enhance the work-life balance for employees and residents alike.

High-Performing Schools and Municipal Services:
Mount Prospect benefits from strong public schools, reliable municipal services, and ongoing infrastructure investments, making it a stable and forward-looking location for both businesses and their employees.

Mount Prospect’s mix of livability, connectivity, and commercial infrastructure makes it a standout destination for industrial occupiers and investors. Whether you’re leasing warehouse space, purchasing a facility, or marketing an asset for sale, Van Vlissingen & Co. is here to help you succeed in the Mount Prospect market.

Contact Us Today

Ready to explore industrial real estate opportunities in Mount Prospect, IL? Our commercial real estate agents and property management team are here to support your goals. Contact Van Vlissingen & Co. today to get started.