14792 Catlin Tilton Rd Danville, IL 61834

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.