14 Hwy & 20 StMount Prospect, IL 60056

Property Details for 14 Hwy & 20 St

Lot size

1.45 AC

Property type

Land

Description

This exceptional 1.45-acre commercial land parcel presents a unique investment or development opportunity in the prestigious Barrington, Illinois area. Strategically located at the northwest corner of Route 14 (Northwest Highway) and 20th Street, this property boasts over 327 feet of frontage on Route 14, experiencing high daily traffic volume exceeding 27,900 vehicles. Its prime location is just one block northwest of the Barrington Foundry Retail Development, a thriving retail center exceeding 80,000 square feet. Nearby established businesses include Northern Trust Bank and Wickstrom Ford, underscoring the area's strong economic activity. The property is zoned for unincorporated Lake County and offers potential uses including restaurants, retail, medical facilities, offices, or residential development. The 2018 property taxes were $1,845. Within a 5-mile radius, the area boasts a substantial population of 76,284 with a median household income of $119,631 (2018 data). This property's high visibility, excellent location, and diverse development potential make it an attractive investment. The asking price is $439,000.

Location Insight

City

Mount Prospect

County

Cook/Lake

State

Illinois

Latitude

42.0636

Longitude

-87.9368

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