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INVESTMENT HIGHLIGHTS
- Unique chance to acquire a high-quality asset in a thriving commercial district.
- Benefits from high visibility, strong market fundamentals, and proximity to major amenities.
EXECUTIVE SUMMARY
477 Elm is approx 3,074 ft single family home converted to modern office space on a 8,712 ft land site. The property is loaded with vintage charm and improved with modern amenities. Currently zoned B-4 & B-5 allowing for a versatility when it comes to the types of businesses the can operate there. The new buyer could also convert these back to residential or demolish the buildings are re-develop the sites for other uses. Neither property has historic designation or protections. Situated in the heart of Highland Park, these properties benefit high visibility, strong market fundamentals, and proximity to major amenities, making them an exceptional investment opportunity.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
3,074 SF
Building Class
C
Year Built
1920
Price
$850,000
Price Per SF
$276.51
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,537 SF
Building FAR
0.35
Lot Size
0.20 AC
Zoning
B-4
Parking
10 Spaces (3.25 Spaces per 1,000 SF Leased)
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Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 16-23-304-001 | Improvements Assessment | $29,325 |
| Land Assessment | $193,455 | Total Assessment | $222,780 |
PROPERTY TAXES
Parcel Number
16-23-304-001
Land Assessment
$193,455
Improvements Assessment
$29,325
Total Assessment
$222,780
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477 Elm Pl
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