Prospect Heights, IL Commercial Real Estate for Lease and Sale

Explore 15 listings of Prospect Heights commercial real estate to find the best space for your business.

High Visibility Development Opportunity

309 E Palatine Road, Prospect Heights, IL
Property

VacantLand
For Sale

$895,000
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301 West Hintz Road
Warespace
301 West Hintz Road, Wheeling, IL
Services

Meeting Room

Private Office
Amenities

24/7 security

Business address

Heating & A/C

High-speed wifi

Kitchen

Loading docks

Lounge area
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Sublease of Former Aloha Poke

916 North Elmhurst Rd, Mount Prospect, IL
Property

Retail

29,621 SF
Availability

1 Space

1,400 SF
Year Built

2019
For Lease

$42.00/SF/YR
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20,206 SF Available for Lease or Sale in Wheeling

953 Seton Ct, Wheeling, IL
Property

Industrial
Availability

1 Space

20,206 SF
Year Built

1975
For Lease Contact for pricing
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Wheeling Plaza

600-668 Wheeling Road, Wheeling, IL
Property

Industrial

134,800 SF
Availability

2 Spaces

8,872 SF
For Lease

$6.50/SF/YR
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Milwaukee Ave & Dundee Rd

Milwaukee Ave & Dundee Rd, Wheeling, IL
Property

Retail
For Sale

Subject To Offer
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The Elms

700-728 S Milwaukee Ave, Wheeling, IL
Property

Office

21,480 SF
Availability

1 Space

2,280 SF
For Lease

$13.75/SF/YR
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111 East Busse Avenue

111 East Busse Avenue, Mount Prospect, IL
Property

Office

90,889 SF
Availability

11 Spaces

40,816 SF
Year Built

1975
For Lease

$18.00/SF/YR
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1300-1398 BUSCH PARKWAY

1300-1398 BUSCH PARKWAY, Buffalo Grove, BUFFALO GROVE, IL
Property

Industrial

52,492 SF
Availability

2 Spaces

6,205 SF
For Lease

$9.95 - $10.95/SF/YR
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Three Parkway North Center

3 Parkway North, Deerfield, IL
Property

Office

255,407 SF
Availability

1 Space

26,193 SF
Year Built

1989
For Lease Contact for pricing
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737 Hastings Drive

737 Hastings Drive, Buffalo Grove, IL
Property

Industrial

15,000 SF
Availability

1 Space

3,000 SF
Year Built

1985
For Lease

$13.00/SF/YR
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609 W Euclid Ave

609 West Euclid Avenue, Arlington Heights, IL
Property

Industrial

2,730 SF
Availability

1 Space

1,710 SF
For Lease

$35.00/SF/YR
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1290 Northwest Hwy

1290 Northwest Hwy, Des Plaines, IL
Property

Restaurant

1,775 SF
Year Built

1984
For Sale

$688,000/SF
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3205-3231 North Wilke Road

3205-3231 North Wilke Road, Arlington Heights, IL
Property

Office

90,929 SF
Availability

6 Spaces

20,616 SF
Year Built

1980
For Lease

$17.10 - $26.32/SF/YR
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140-220 W Campbell St, Arlington Heights, IL

140-220 W Campbell St, Arlington Heights, IL
Property

Retail

120,000 SF
Availability

2 Spaces

4,114 SF
For Lease

$18.00 - $21.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities.

The listing inventory in Prospect Heights incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Prospect Heights is represented by Office space.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Prospect Heights, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property.

The average size of a commercial property in Prospect Heights depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build.

Prospect Heights, IL Commercial Real Estate for Lease and Sale

High Visibility Development Opportunity

301 West Hintz Road

Sublease of Former Aloha Poke

20,206 SF Available for Lease or Sale in Wheeling

Wheeling Plaza

Milwaukee Ave & Dundee Rd

The Elms

111 East Busse Avenue

1300-1398 BUSCH PARKWAY

Three Parkway North Center

737 Hastings Drive

609 W Euclid Ave

1290 Northwest Hwy

3205-3231 North Wilke Road

140-220 W Campbell St, Arlington Heights, IL

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Prospect Heights, IL Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Prospect Heights, IL?

What factors affect the price of commercial real estate in Prospect Heights, IL?

What are the best areas for commercial real estate in Prospect Heights, IL?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Prospect Heights, IL?

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