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Listing provided courtesy of Millennium Properties RE, Inc.MREDas Distributed by MLSGrid- MLS# 12512041MLS Provider

480 Elm PlaceHighland Park, IL 60035

Commercial · 22,727 Sq. ft.
$3,000,000 Active

480 Elm Place Overview

Time on Site:
236 days
Visits:
4

Available for sale is a 22,727 square foot two-story medical office building in HIghland Park, IL. The property consists of 18 office suites and has multiple long-term tenants. Situated near the corner of Elm Place and St. Johns Avenue in vibrant downtown area, this property benefits from its location just a block away from the the Metra Train Station and public transportation. Additional parking is available from the easement with the adjacent lot to the south. Area features significant barriers to entry, with few available sites for purchase Highland Park is an affluent suburb located in approximately 25 miles north of Chicago in the North Shore. The city has a vibrant downtown with shopping, restaurants and more.

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480 Elm Place Facts & Features

  • Type Commercial
  • Sq. ft. 22,727
  • Price/Sq.ft. $132

Details

General

Income/Expenses

  • Gross Income: 404349
  • Gross Scheduled Income: 404349
  • Net Operating Income: 153954
  • Operating Expense: 250396

Building Information

  • Year Built: 1986

Location/Region

  • County Or Parish: Lake
  • MLS Area Major: Highland Park

Tax Information

  • Tax Annual Amount: $80,905.84
  • Tax Year: 2024

General Information

  • Parcel Number: 16233111009000
  • Property Sub Type: Office
  • Property Type: Commercial Sale

Interior

Building Interior

  • Building Area Total: 22727

General Information

  • Cooling: Central Air
  • Electric: Other
  • Leasable Area: 0
  • Stories: 2

Unit Information

  • Unit SqFt.: 22727

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 125x91
  • Lot Size Square Feet: 12584

480 Elm Place Neighborhood

Community

60035 (HIGHLAND PARK) Demographics

47
Median Age
1,929
Population Density (per sq. mile)
79%
College Educated
$147,028
Estimated Median Income
9,823
Estimated Total Home Owners
1,881
Estimated Total Renters
84% / 16%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

480 Elm Place Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

480 Elm Place Market Data

Based on the last 30 days in this zip code

$1,340,057
Average List Price
$378
Average Price per Square Foot
39
Properties Sold
54
Average Days on Market
112
Properties for Sale
Calculations provided by Reliance Network

480 Elm Place History

Date Event Value Agent
11/10/2025Source: MRED Status Change
Active
11/5/2025Source: MRED Added to Database
November 05, 2025