For Sale
$425,000

1500 Walnut St Jacksonville, IL 62650

Prime 18,000 SF Senior Care Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 18,000 square foot senior living facility, located at 1500 W. Walnut St. in Jacksonville, Illinois, presents a unique investment opportunity. Priced at $425,000 ($23.61/sq ft), this property boasts two single-story buildings situated on a spacious two-acre lot. The property's convenient northwest Jacksonville location offers easy access to a nearby hospital, and is surrounded by a mix of office, retail, and residential areas. Previously operating as a nursing home, the facility has undergone updates and is prepared for immediate re-opening as a senior care center. The ample two-acre lot provides significant potential for future expansion to meet growing community needs. The property's existing infrastructure, combined with its strategic location and substantial lot size, makes it an attractive prospect for investors seeking a turnkey senior care operation or a platform for future development. Ample parking is available on-site. The property is owned by an LLC. This is a rare opportunity to acquire a well-positioned senior living facility in a thriving Illinois community. The property is ready for a new owner to bring its potential to fruition. The address is 1500 W. Walnut St., Jacksonville, IL 62650.

Highlights

  • 18,000 SF senior living facility on a 2-acre lot in Jacksonville, IL, priced at $425,000 ($23.61/SF).
  • Two single-story buildings with ample on-site parking.
  • Convenient northwest Jacksonville location near a hospital, with nearby office, retail, and residential areas.
  • Previously a nursing home, updated and ready for immediate re-opening as a senior care center.
  • Significant expansion potential due to large lot size.
  • Turnkey operation or development opportunity.

Property Details for 1500 Walnut St

Property type
Retirement homes
Square Feet
18,000 SF
Buildings
2
Stories
1
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Jacksonville
County
Morgan
State
Illinois
Latitude
39.745309194213
Longitude
-90.257505492917

FAQs

What type of property is this?
Retirement home - Prime 18,000 SF Senior Care Opportunity
Where is the retirement home 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.
What are key features of this property?
This property features: 18,000 SF senior living facility on a 2-acre lot in Jacksonville, IL, priced at $425,000 ($23.61/SF).; Two single-story buildings with ample on-site parking.; Convenient northwest Jacksonville location near a hospital, with nearby office, retail, and residential areas.
How can I contact the broker?
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1500 Walnut St
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