7
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$2,750,000
Est. payment /mo
39,016 SqFt
Active
1801 AVENUE G Sterling, IL 61081
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Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 39,016 sqft
Price per Sqft $70
MLS Listing ID QC4265878
Year Built 1979
Annual Tax Amount $68,002
Lot Size 1.250 Acres
Property Sub-Type Retail/Stores
Property Description
Owner-Occupied Investment Opportunity Available. Sale includes real estate, inventory, and a fully operational business with staff. Parkway Center is a privately owned and funded sheltered care and independent living facility in Sterling, Illinois. The 100% occupied facility features 17 Sheltered Care rooms (19 beds) on the first floor, rented at daily rates of $113-$135. It is licensed for up to 29 beds, offering future growth potential. The second and third floors offer 16 independent living apartments each (38 beds total), rented monthly. The first floor includes a stocked nurses' station for medication distribution and assistance. All rooms have emergency call buttons; laundry is available on both upper floors. Amenities include a 1,100 SF outdoor patio and an 8,400 SF covered garage, offering parking and storage for the independent residents. Residents can enjoy meals from a full-service buffet/dining room, and large commercial kitchen on site. Additional features include "The Bistro" coffee nook, gift shop, sauna, beauty parlor, and multiple community rooms for activities. Parkway Center hosts many events for residents including game nights, music, cookouts, car shows, and casino outings. This facility has been privately operated by a local family for 10 years, with an excellent, hands-on Director/Owner who has worked on-site for 24 years. Don't miss this chance to carry on a thriving, well-loved facility. Sale includes 5 parcels with potential expansion opportunity.
Location
State IL
County Whiteside
Area Sterling
Zoning C
Interior
Cooling Central Air
Flooring Carpet, Concrete, Tile
Fireplace N
Exterior
Roof Type Membrane
Building
Dwelling Type Retail/Stores
Water Municipal Water
Structure Type Brick,Block,Synthetic Stucco,Frame
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Listed by Max Gellerman of Hawkeye Commercial Real Estate
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