Land•Office•For Sale

2040 W Algonquin Rd, Mount Prospect, Illinois 60056

Sale Price $1,199,000
Sale Type Development
Zoning R-X
Land Area 1.98 Acres
Land Use Multi-Family
Market Mount Prospect
Sub-Market Schaumburg - O'hare
Keller Williams Commercial has bee exclusively engage to market a rare opportunity to develop 1.97 aces in Mount Prospect. The property is situated 117 Feet along Algonquin. The lot size is 104 feet wide and 819 feet long at its shortest. The property is currently zoned R X. The location nestled with other multifamily building. The property would improve greatly with R-4 zoning and building multifamily. Experience Mount Prospect and All it Has to Offer Downtown Residents and visitors experience Mount Prospect and all it offers in its newly renovated downtown. Updated building facades, brick-paved streetscapes, wrought iron lamp posts, graphically designed street banners, and colorful displays of flowers and landscaping create a unified message of “Be a Part of It” to those living and visiting the Village. The “Village Green” has become a central gathering place attracting pedestrians, shoppers and businesses to the town center. Downtown is now more than just a place to board a Metra commuter train to Chicago. Mount Prospect’s vision of a mixed-use downtown has become a reality with urban-influenced row houses, townhomes and condominiums; restaurants, entertainment, retail, spas and service providers. Recreation Mount Prospect boasts 400 acres of parks and recreation facilities for residents to enjoy. Four park districts provide year-round health and fitness activities by way of an outdoor wave pool, two challenging golf courses, a miniature golf course, a sled hill, outdoor skating rinks, playgrounds, ball fields, tennis courts and organized activities. Not enough? There are over 60,000 acres of Cook County Forest Preserves nearby for nature lovers. Housing Since its incorporation in 1917, Mount Prospect has been able to retain its “small-town charm” while maintaining its high quality of life and financially sound economic base with a wide range of well-maintained housing stock. Public Services Mount Prospect provides top-notch public safety technology and services to residents and businesses. In fact, the state of Illinois ranks Village departments with the highest ratings available. Among them, the Fire Department—one of the best fire ratings; the Police Department—international police accreditation; and the Public Works Department—recycling and urban reforestation programs have served as community models. Education Rated the “best place to raise kids” (Business Week 2009), Mount Prospect’s six elementary school districts and one high school district consistently rank high in comparative analysis. In addition, college and graduate level courses are available from a variety of community and four- year colleges and universities in the surrounding area. The Future There’s a lot happening in Mount Prospect. The Village continues to concentrate its efforts in housing diversification, public and social improvements, maintenance and infrastructure upgrades and effective business development and strategies. Continuing to improve the quality of life for residents and business owners determines what sets Mount Prospect apart and captures the attention of the national media. Its proximity to the city of Chicago, O’Hare International Airport, and regional transportation networks ensure its continued economic growth.0
  • R-X Zoning
  • Redevelopment
  • Lighted Intersection
  • In Between Other Multi-Family
  • 104.4 x 871.8 (817) lot dimensions

1 Attachments

Sale Brochure

3/5/2020 8:08:52 PM 3/23/2020 3:58:58 PM
David Piotrowski
Senior Commercial Broker
KW Commercial | Park Ridge


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