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    480 Elm Pl Highland Park, IL 60035

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    For Sale
    Contact for pricing

    Two-story medical office building with redevelopment potential near Highland Park.

    Property size:
    22,727 SF
    Lot size:
    1.17 Acres

    Property Features for 480 Elm Pl

    General Information

    Size
    22,727 SF
    Lot size
    1.17 Acres

    Source: Millennium Properties Real Estate Agent Susan B. Silver

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Two-Story Medical Office Building

    This two-story medical office building features 18 office suites and several long-term medical tenants. The property benefits from in-place income with upside potential. It is a TOD site with access to an adjacent parcel and ample parking. Located in close proximity to the Highland Park Metra Station, the property also offers potential for residential redevelopment. The land area is 12,584 square feet. Nearby attractions include Walgreens, Pottery Barn, Dunkin', McDonald's, Walker Brothers Original Pancake House, high-end restaurants, theaters, gyms, chic boutiques, and spas. The property's size is 22,727 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Erin Heffez, DDS Dentist Auslander Roberta Psychologist Stern Linda PhD Psychologist Hanus Steven H ... Psychiatrist judy katz Occupational Therapist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Pets4Life Animal Hospital, Kim Ogden-Avrutik Animal

    Location Insight

    • Map
    • Local Demand
    City
    Highland Park
    County
    Lake
    State
    Illinois
    Longitude
    -87.799032
    Latitude
    42.1881689

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    FAQs

    What type of property is this?
    Medical office - Two-story medical office building with redevelopment potential near Highland Park.
    Where is this medical office located?
    The property is located at 480 Elm Pl Highland Park, IL.
    What are key features of this property?
    This property features: - TOD site with access to adjacent parcel; - Potential for residential redevelopment; - In-place income with upside potential
    (312) 338-3000
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    480 Elm Pl Highland Park, IL 60035
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    480 Elm Pl Highland Park, IL 60035
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