1500 Walnut StJacksonville, IL 62650

For Sale
$425,000
Updated 18,000 sq ft building on 2 acres

Overview

Added:
Feb 3
Days on market:
72
This exceptional 18,000 square foot commercial property, located at 1500 W Walnut Street in Jacksonville, Illinois, presents a unique investment opportunity. Previously operated as a nursing home, the building has undergone renovations and is ideally suited for immediate re-opening as a senior care facility. Its prime northwest Jacksonville location offers significant advantages, situated adjacent to a hospital and surrounded by a mix of office, retail, and residential areas, ensuring high visibility and convenient access for residents and staff. The property sits on a generous two-acre lot, providing ample space for potential expansion to meet future needs or accommodate additional services. Abundant parking is available on-site, addressing the parking requirements of both residents and visitors. The building's recent updates make it move-in ready, minimizing the time and expense associated with renovations, allowing for a swift return on investment. This turnkey opportunity combines a desirable location, substantial square footage, and the potential for significant growth within a thriving community. The property's existing infrastructure and convenient location make it an attractive proposition for investors seeking a high-return investment in the senior care sector. The two-acre lot offers significant potential for future development and expansion, catering to the evolving needs of the senior care market. This is a rare opportunity to acquire a well-located, updated facility ready for immediate occupancy.

Property Details for 1500 Walnut St

Property type
Commercial real estate
Square Feet
18,000 SF
Year Built
1968
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Jacksonville
County
Morgan
State
Illinois
Latitude
39.74588
Longitude
-90.25719
1500 Walnut St, Jacksonville, Illinois

FAQs

What type of property is this?
Commercial real estate - Updated 18,000 sq ft building on 2 acres
Where is the commercial real estate located?
The property is located at 1500 Walnut St Jacksonville, IL.
What is the asking price?
The asking price for this property is $425,000.
How can I contact the broker?
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1500 Walnut St
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