123 main st - Multi-Family FOR SALE


Peoria, IL 61615- Downtown Peoria
$2,500,000 USD
949-942-6585
123 main st, Peoria, IL for Sale
$2,500,000 USD
Multi-Family - FOR SALE
1/3
null | Request Cap Rate

123 main st
Peoria, IL 61615
Downtown Peoria


OVERVIEW

Green Leaf Senior Living represents a unique opportunity to acquire a fully renovated, boutique memory care community located in the heart of Peoria. Purposefully reconstructed to serve the needs of seniors requiring specialized memory support, the property underwent a comprehensive renovation, positioning it as a turn-key asset ready for strategic occupancy growth. While the community currently operates below 50% occupancy, it benefits from new infrastructure, strong clinical leadership, and an excellent reputation for resident care. Owned and operated by a dedicated nurse, the focus has been almost entirely on clinical excellence and resident wellbeing—creating a solid foundation for a new owner/operator to take the reins and scale the business through marketing, outreach, and ancillary service optimization. Investment Highlights - Full renovation completed by early 2024 with high-quality finishes and infrastructure upgrades - Boutique setting ideal for personalized memory care or assisted living - Current occupancy under 50% – perfect for value-add investor or operator - Excellent reputation in the market with deep caregiver expertise - Opportunity to grow through local referral partnerships and targeted marketing - Several specialty rooms (e.g., library, salon, exercise room) that can be converted to revenue generating spaces or specialized programming areas - 9,180 square foot building - 1.465 acre lot Amenities - All furnished private bedrooms - Full fire suppression systems in place - Walk-in showers with safety grab bars - Emergency response system - Activity-specific rooms including: - Exercise & therapy room - Sensory/game room - Salon - Library - Craft room - Spacious living and family areas - Dedicated dining room

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$275 USD /SF

# OF UNITS

16

PRICE/UNIT

$156,250

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

16 Unit Illinois Memory Care

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

Commercial

APN/PARCEL ID

14-07-227-007

ASK ABOUT THIS PROPERTY

Scott ReidParaSell, Inc.More Info
949-942-6585

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Scott ReidParaSell, Inc.More Info
949-942-6585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.