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480 Elm Place Highland Park, IL $ 3,000,000
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$ 3,000,000 Get more info
480 Elm Place
$ 3,000,000
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480 Elm Place

Highland Park, IL, 60035
$ 3,000,000
Bedrooms-- Baths-- Sq 22,727

Monthly Estimate*

$ 18,716

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Commercial Property for sale in Highland Park, IL

for $3,000,000. This 22,727 square foot building was built in 1986 on a lot size of 0.288889.

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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Commercial Active

Price

$ 3,000,000

Property Type

Commercial

Taxes

$ 80,905

Style

Lot Size

0.288889

Year Built

1986

Town/City

Highland Park

County/Region

Lake

MLS | Web ID

12512041
Features
General
Cooling Central Air
Year Built 1986
Electric Other
Stories Count 2
Property Subtype Office
Tax Year 2024
Gross Income 404349
County Lake
Net Operating Income 153954
Operating Expense 250396
Property Type Commercial Sale Office/Tech
Status Active
Directions Central to Linden; north. Linden to Elm Place; west
City Highland Park
MLS Area Highland Park
Lot Size Square Feet 12584
Tax Annual Amount 80905.84
Additional Parcels Y/N N
Leasable Area 0
Standard Status Active
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Exterior
Building Area Total 22727
Lot Dimensions 125x91
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* Excluded Features
List By
Millennium Properties Re, Inc.

Broker

ssilver@mpirealestate.com

Email

Affordability Calculator

$25,458
Per Month
74%
26%
0%
Monthly Principal & Interest
$18,716
Monthly Property Taxes
$6,742
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
11/6/2025$3,000,000 Listed Price

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480 Elm Place, Highland Park, IL, 60035 is a Commercial Property for sale at $3,000,000 with 22,727 sqft and a lot size of 0.288889. 480 Elm Place was built in 1986. The property's zip code is 60035 which is in Highland Park, IL

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