Building Details

Year Built 1973

Listing Agency: Keller Williams Realty Diversified b***@kw.com Show Phone

Listed By: Brandi Gregory · License #82301-94 Show Phone

Source: Exitrealty

Added: Feb 19, 2024 Changed: Jul 6 Last Checked: Jul 25 at 5:09AM

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Investment Insights

Based on property information with market context.

This commercial building, formerly a nursing home and medical clinic, offers a substantial investment opportunity. The brick building provides over 28,000 square feet of space, presenting possibilities for use as an assisted living facility or other care-related venture. Alternatively, the property could be redeveloped into housing. The current layout features a front vestibule entry leading to a reception area, a private office, and a common area living room. Five wings are configured with 33 resident rooms, complemented by several common spaces. A back area previously served as a commercial kitchen. The integrated clinic space includes a waiting room, reception area, two public restrooms, a lab, a staff restroom, an X-Ray room, five exam rooms, one procedure room, and two offices. An additional building with an unfinished basement, previously used for storage, is also present. A new furnace system has been installed in recent years. The property includes ample paved parking with approximately 37 spaces.

Key Highlights

• Large 28,000+ sqft brick building suitable for assisted living or redevelopment.
• Previously used as a nursing home and medical clinic, offering potential for immediate use as a care facility.
• Includes a fully equipped former medical clinic with exam rooms, lab, X‑Ray room, and offices.**

Property Analytics

Property Profile

Current Use

Assisted living facilities

Suggested Use

Top Pick Real Estate Agency Hair Salon Grocery & Convenience Store Storage Facility Nail Salon Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

78

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 54740, WI

2,000

Population

837

Households

2.4

Avg Household Size

45

Median Age

23%

College-Educated

96%

High-School Grad

83.4 sq mi

ZIP Area

24

Density / Sq Mi

$75,505

Median Household Income

$47,533

Median Earnings

$853

Median Rent

$225,800

Median Home Value

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Assisted living facility - Spacious commercial building suitable for assisted living or redevelopment.

Where is this assisted living facility located?

The property is located at 232 E Springer Avenue Elmwood, WI.

What is the asking price?

The asking price for this property is $895,000.

What are key features of this property?

This property features: Large 28,000+ sqft brick building suitable for assisted living or redevelopment.; Previously used as a nursing home and medical clinic, offering potential for immediate use as a care facility.; Includes a fully equipped former medical clinic with exam rooms, lab, X‑Ray room, and offices.**