2408 W Heading Ave - Medical FOR SALE


West Peoria, IL 61604
$1,450,000 USD
219-210-2493
2408 W Heading Ave, West Peoria, IL for Sale
$1,450,000 USD
Medical - FOR SALE
1/31
null | Request Cap Rate

2408 W Heading Ave
West Peoria, IL 61604


HIGHLIGHTS

  • Office | Health Care I Educational - 50,744 SF. Separate guest house, garages, extensive parking on 5-acre site

OVERVIEW

INVESTMENT OPPORTUNITY Asking Price $1,450,000 Unique opportunity for residential developer seeking housing, or for institutional user as office, educational & training, religious, or residential /health care facility. - 2 main buildings, with a chapel, totaling approx. 57,400 SF - - Situated on a 5-acre site. - Separate visitors' guest house and 2 garages - Ample parking among much green space. PROPERTY DETAIL Exceptionally well-maintained, large residential property serving as the motherhouse and head office for a Catholic religious order. Consists of 2 main buildings, with a chapel, totaling approx. 57,400 SF - all situated on a 5-acre site. Also includes a separate visitors' guest house, 6 car garage, storage shed and ample parking among much green space. - 1912 Building - Original 3 story masonry building constructed in 1912 includes offices, meeting & community rooms, dining and bedrooms plus storage areas in approximately 16.522 SF. - 1962 Building - 3 story building constructed in 1962 and significantly renovated in 2018. Includes on the ground floor a 4,000 SF chapel, along with several offices, community & meeting rooms, storage, utility areas, an updated kitchen and dining hall. On 2nd and 3rd floors there are 25 separate bedrooms with own bathrooms (6 with baths, no showers), plus community rooms, offices and dining area. All floors are connected by an elevator. 36,860 SF. - The 2 buildings are ADA, connected by an updated ramped corridor section. - Includes 960 SF separate visitors' guest house with basement and 2 garages. - Located in a mostly single-family home community next to a municipal park and recreation complex - The property is zoned R1 which allows various uses. LOCATION - Located in the community of West Peoria just minutes from nearby Bradley University, St. Francis Medical Center and downtown Peoria. Neighboring Peoria has a population of over 110,000 and is located on the Illinois River. - Greater Peoria is the hub of a 30-county region, home to more than 1.7 million people, hundreds of major employers and a globally connected workforce. Peoria boasts the best of both worlds: a big-city lifestyle with a small-town feel, the perfect mix of rural and urban. The city is family- friendly, inclusive and welcoming to all, with opportunities for everyone to get involved, find their place and make a difference.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$29 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

5.23 AC

LAND SF

227,610 SF

ZONING

R-1

APN/PARCEL ID

18-06-451-026

ASK ABOUT THIS PROPERTY

Brian ColemanAD AdvisorsMore Info
219-210-2493

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

Brian ColemanAD AdvisorsMore Info
219-210-2493

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