13+/-Beds Established Memory Care Northern IL - Multi-Family FOR SALE


Princeton, IL 61356
$800,000 USD
13+/-Beds Established Memory Care Northern IL, Princeton, IL for Sale
$800,000 USD
Multi-Family - FOR SALE
1/19
null | 13.87% Cap Rate

13+/-Beds Established Memory Care Northern IL
Princeton, IL 61356


OVERVIEW

KW Commercial and My ALF Consultant are pleased to offer for sale a well-established, family-owned assisted living and memory care facility, licensed for up to 14 beds across 12 units. This facility is part of a portfolio of three properties owned by the same company, with the owner looking to retire and downsize by selling each facility individually or as a portfolio. Operating consistently since 1993, the facility maintains high occupancy with dedicated staff and management, including a nurse on staff seven days a week and a house manager. Located in a peaceful residential community near a town center, the facility provides a cozy, home-like environment in a rural suburban setting. The facility stands out as the only small-scale assisted living option in its market, competing with a single larger, more institutional facility. Its intimate setting, with a low resident-to-staff ratio across its 8 units, allows residents to age in place while receiving personalized care for memory loss disorders, such as Alzheimer’s. The warm interior, featuring soft colors, fireplaces, and sunrooms, fosters a sense of family and comfort. The specialized memory care unit provides a secure, holistic care approach, enhancing residents’ dignity and independence through tailored activities and 24-hour support, making it a preferred choice for seniors seeking a non-corporate atmosphere. Financially, the facility offers a strong investment opportunity in the essential senior care industry. In 2024, it generated a Net Seller’s Discretionary Income of $110,974.65, yielding a capitalization rate of 13.81%. Buyers with healthcare experience may qualify for a Small Business Administration loan, requiring as little as 10% down payment, or approximately $80,000, to acquire both the real estate and a thriving business. This sale presents a unique opportunity to invest in a well-run facility with a proven track record in a growing market.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$267 USD /SF

# OF UNITS

13

PRICE/UNIT

$61,538

CAP RATE

13.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

13+/-Beds Established Memory Care Northern IL

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

16-08-434-016

ASK ABOUT THIS PROPERTY

Tony HardyMidwest Investment AdvisorsMore Info

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

Tony HardyMidwest Investment AdvisorsMore Info

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