2 W Adams St - Medical FOR SALE


Sullivan, IL 61951
$1,095,000 USD
217-403-3379
2 W Adams St, Sullivan, IL for Sale
$1,095,000 USD
Medical - FOR SALE
1/17
null | Request Cap Rate

2 W Adams St
Sullivan, IL 61951


HIGHLIGHTS

  • Diverse healthcare tenant mix
  • Flexible user layout for multiple specialists or single user
  • Strategic central location and accessibility
  • Established community reputation
  • Value-add potential through renovation

OVERVIEW

Fields-Wright Medical Facility, located at 2 W Adams St in Sullivan, IL, represents a significant healthcare investment opportunity. Erected in 1979, this bi-level facility spanning 26,000 square feet presents an enticing value-add or owner/operator opportunity. The property comprises one full-time lease and three part-time leases, in addition to the main hospital tenant, HSHS St Mary’s, occupying approximately 60% of the updated turn-key healthcare and medical space. Upon sale, HSHS St Mary’s will vacate, rendering the property primarily vacant, yet offering a promising value-add prospect for attracting new tenants or utilizing as an owner/operator. Additionally, the facility features a newly renovated and leased cardiac therapy/PT Gym, along with a vacant dental office awaiting remodeling for a new lease. Detailed leasing and due diligence information is available upon request, and upon the signing of a Non-Disclosure Agreement (NDA). Don’t miss this opportunity to invest in the future of healthcare in Sullivan, IL. Area Description Welcome to the Fields-Wright Medical Facility, a beacon of comprehensive healthcare in the heart of Sullivan, IL. Strategically positioned at 2 W Adams St, in downtown Sullivan, the state-of-the-art medical center offers unparalleled convenience and proximity to essential healthcare services, capable of providing a wide range of services to meet the diverse needs of the community. Located in the bustling downtown of Sullivan, the facility offers convenient access to major roadways, including IL-121 and IL-32. Ample parking ensures hassle-free visits for patients and staff, while nearby amenities such as pharmacies, restaurants, and parks enhance the overall patient experience. With its central location, accessibility, and proximity to essential amenities, it’s more than just a property – it’s a cornerstone of healthcare excellence in Sullivan, IL.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$42 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

VALUE-ADD OPPORTUNITY: FIELDS-WRIGHT MEDICAL

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

B2

APN/PARCEL ID

08-08-02-436-008

ASK ABOUT THIS PROPERTY

Nick RagleColdwell Banker Commercial Devonshire RealtyMore Info
217-403-3379

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Nick RagleColdwell Banker Commercial Devonshire RealtyMore Info
217-403-3379

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