14792 Catlin Tilton RdDanville, IL 61834

Property Details for 14792 Catlin Tilton Rd

Lot size

11.71 AC

Property type

Other commercial real estate

APN

22-24-200-020

APU

2224200020

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $187,634,224

  Hospitality

  $171,871,936

  Educational

  $142,995,440

  Medical

  $147,913,264

  Retail

  $222,437,344

Location Insight

City

Danville

County

Vermilion

State

Illinois

Latitude

40.0976

Longitude

-87.6624

CBSA code

19180

CBSA name

DANVILLE, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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