ID#013717    Approximate Beds/Units:  253    Location:  South Holland

Another firm is pleased to introduce a former Senior Living Facility, an exceptional investment opportunity in the heart of South Holland, IL. This well-maintained property, encompassing 253 units, is thoughtfully designed to foster a vibrant, social environment for its residents. The expansive 162,816 square foot, six-story building sits on nearly 8 acres of beautifully landscaped grounds, featuring lush courtyards, walking paths, and an outdoor gazebo — perfect for enjoying a serene summer day. Previously operating as a senior housing community, the property offers a wide range of modern amenities including a spacious grand dining room, a private recreation room, a large commercial kitchen, a café, a library, multiple lounge areas, activity rooms, a chapel, salon, and common balconies on each floor. These features and its strategic location in a densely populated suburb less than 20 miles south of Chicago make it an ideal candidate for redevelopment as a continued senior living facility. The facility’s strong local demand fundamentals are supported by a surrounding population exceeding 460,000 within a 7-mile radius. This offering provides the unique opportunity to acquire a significant asset in a dense urban submarket of the Chicago MSA with attractive value-added potential. Since 2019, the property has seen over $1.5 million in capital improvements, including roof replacement, unit conversions (from studios to one-bedrooms), and common area renovations, positioning it well for future growth and enhanced resident satisfaction. The seller, a non-profit entity, has enjoyed the benefit of property tax exemption, furthering the financial appeal of this opportunity. If you are interested in redeveloping the site into a modern senior living community this property offers a compelling investment opportunity with significant upside potential. Don’t miss the chance to secure a landmark asset in a prime location.