For Sale
$600,000

14792 Catlin Tilton RdDanville, IL 61834

74,800 SF Nursing Home, $600,000

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 74,800-square-foot senior living facility, located at 14792 Catlin Tilton Rd, Danville, IL 61834, presents a compelling value-add investment opportunity. Situated on 11.71 acres, this property, built in 1969 (APN 22-24-200-020), previously operated as a 213-room skilled nursing home, closing in late Summer 2023. The facility features a blend of recently remodeled sections and areas requiring updates, currently used for storage. A fully functional commercial kitchen, along with substantial medical furniture and equipment, remains on-site. A commercial laundry facility equipped with heavy-duty washers and dryers is also included. The property utilizes a combination of in-room PTAC units and a central boiler system for heating and air conditioning. City utilities are readily available. This property offers significant potential for redevelopment. Investors can choose to reinvest and rebrand as a senior living community, or explore alternative uses such as multifamily housing or self-storage. The asking price is $600,000, translating to $8.02 per square foot. This represents a rare chance to acquire a substantial property with considerable upside potential in a desirable location.

Highlights

  • Asking price: $600,000.
  • 74,800 square foot senior living facility (formerly a nursing home).
  • $8.02 per square foot.
  • Built in 1969.
  • Located at 14792 Catlin Tilton Rd, Danville, IL 61834 (APN: 22-24-200-020).

Property Details for 14792 Catlin Tilton Rd

Property type
Retirement homes
Square Feet
74,800 SF
Year Built
1969

Location Insight

City
Danville
County
Vermilion
State
Illinois
Latitude
40.0976489
Longitude
-87.662394
14792 Catlin Tilton Rd, Danville, Illinois

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14792 Catlin Tilton Rd
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