Elm Place Office Portfolio

477 Elm Pl Highland Park, IL 60035

477 Elm Pl, Highland Park, IL, 60035
477 Elm Pl, Highland Park, IL, 60035 477 Elm Pl, Highland Park, IL, 60035
FOR SALE
Property Type:
Multi Tenant Office
Amount:
Please Call Broker for Price

Last Verified:
Mar 13, 2025

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Description

Prime Real Estate Portfolio Opportunity – Highland Park, IL

Presenting a rare opportunity to acquire a two-property office portfolio in the highly desirable Highland Park, IL market. These contiguous buildings, totaling 5,004 SF, have been meticulously renovated in 2018, blending contemporary design with functional workspaces.

The first property, a 1,930 SF office building, offers modern amenities in a prime location, making it an attractive investment for businesses seeking a professional and well-appointed space. The second property, a 3,074 SF office building, originally constructed in 1920, retains its historic charm while incorporating modern updates for optimal functionality. Zoned B-4, this property provides a versatile layout suitable for a range of business ventures.

Situated in the heart of Highland Park, these properties benefit from high visibility, strong market fundamentals, and proximity to major amenities, making them an exceptional investment opportunity. Whether for owner-occupiers, investors, or businesses looking for expansion, this portfolio sale offers a unique chance to acquire a high-quality asset in a thriving commercial district.

Don't miss this opportunity to own two standout office properties in a flourishing real estate market!

Discover the allure of Highland Park, IL, an idyllic suburb that merges natural beauty with vibrant urban amenities. Home to a renowned urban scene, the area plays host to notable attractions, including the Ravinia Festival, an acclaimed outdoor music venue, and the Highland Park Central Business District, a dynamic commercial hub with a wide array of dining, shopping, and entertainment options. Nestled just minutes from Lake Michigan, the area offers a tranquil environment with picturesque parks, hiking trails, and waterfront activities, making it an appealing location for office and office building investors seeking a balance between work and leisure.


Year Built: 1920
Building Size: 5008sq ft
Building Class: B
Lot Size: 0.2 acres


Documents

JCOMM_MP_ElmPortfolio.pdf

Map of 477 Elm Pl, Highland Park, IL, 60035

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.