915 E 5th St Alton, IL

Located on the Mississippi River in downtown historic Alton, Illinois, the St. Clare's Medical Campus presents a unique opportunity. The campus includes a vacant hospital building with an attached assisted living facility, a high-vacancy freestanding medical office building, and a multi-level parking garage. The total rentable building area is 221,754 square feet, including the lower level service area. The hospital, originally constructed in 1921, has undergone various additions and renovations. The owner-operator, OSF HealthCare, vacated the premises approximately six years ago as part of a planned consolidation of services at the Saint Anthony Health Center campus, located two miles north. The assisted living facility, known as the Villas, is connected to the hospital and shares mechanical systems. This facility was fully vacated in 2020. A skywalk connects the hospital to the four-story medical office building. The total site area spans 8.36 acres and comprises 32 parcels, including 20 unimproved parcels totaling 2.4 acres. These lots, acquired over several decades for land control, offer potential for further acquisition and assembly of adjacent lots. The campus is surrounded by a casino, an outdoor amphitheater, Marquette High School, and other redevelopments, attracting employers and patrons due to the area's low cost of living and stable workforce.