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600 E 1St St Spring Valley, IL 61362

For Sale
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Five-story former hospital and adjacent medical office for sale.

Source: Jamie Coté Agent Jamie Coté

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Former Hospital Ready For Repurposing

The former St. Margaret’s Hospital, a healthcare pillar for the Illinois Valley region until its closure in 2023, is available for sale. Constructed in phases from 1925 to 2015, the five-story facility was previously licensed for 44 beds. Following its closure, the property was decommissioned, with most personal property and equipment sold off. The sale includes the hospital and an adjacent two-story medical office. The property features a 19-bed senior housing wing and an emergency room that was recently built in 2015. The well-maintained facility is suitable for continued medical or alternative uses. Community officials support a variety of uses such as educational, institutional, senior housing, transitional or community living, and other alternative uses. The property is conveniently located near the intersection of I-80 and I-39, approximately 90 minutes from Chicago, 60 minutes from Peoria, and 80 minutes from Rockford.
Location Intelligence

Current Use by Public Records

Hospitals

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Spring Valley
County
Bureau
State
Illinois
Longitude
-89.191892
Latitude
41.328736

FAQs

What type of property is this?
Hospital - Five-story former hospital and adjacent medical office for sale.
Where is this hospital located?
The property is located at 600 E 1St St Spring Valley, IL.
What are key features of this property?
This property features: - Well-maintained facility ready for repurposing, suitable for continued medical or alternative uses (educational/institutional, senior housing, transitional/community living).; - Includes a five-story former full-service hospital and an adjacent two-story medical office building.; - Features a 19-bed senior housing wing.
More about this property
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