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    1500 Walnut St Jacksonville, IL 62650

    Sponsored
    For Sale
    $425,000

    Prime 18,000 SF Senior Care Opportunity

    Property size:
    18,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 18,000 square foot senior living facility, located at 1500 W. Walnut St. in Jacksonville, Illinois, presents a unique investment opportunity. Priced at $425,000 ($23.61/sq ft), this property boasts two single-story buildings situated on a spacious two-acre lot. The property's convenient northwest Jacksonville location offers easy access to a nearby hospital, and is surrounded by a mix of office, retail, and residential areas. Previously operating as a nursing home, the facility has undergone updates and is prepared for immediate re-opening as a senior care center. The ample two-acre lot provides significant potential for future expansion to meet growing community needs. The property's existing infrastructure, combined with its strategic location and substantial lot size, makes it an attractive prospect for investors seeking a turnkey senior care operation or a platform for future development. Ample parking is available on-site. The property is owned by an LLC. This is a rare opportunity to acquire a well-positioned senior living facility in a thriving Illinois community. The property is ready for a new owner to bring its potential to fruition. The address is 1500 W. Walnut St., Jacksonville, IL 62650.

    Property Features for 1500 Walnut St

    General Information

    Property type
    Retirement homes
    Square Feet
    18,000 SF
    Lot Size
    87,120 SF

    Building Details

    Buildings
    2
    Stories
    1

    HighLights

    • 18,000 SF senior living facility on a 2‑acre lot in Jacksonville, IL, priced at $425,000 ($23.61/SF).
    • Two single‑story buildings with ample on‑site parking.
    • Convenient northwest Jacksonville location near a hospital, with nearby office, retail, and residential areas.
    • Previously a nursing home, updated and ready for immediate re‑opening as a senior care center.
    • Significant expansion potential due to large lot size.
    • Turnkey operation or development opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retirement homes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Morgan
    State
    Illinois
    Longitude
    -90.257505492917
    Latitude
    39.745309194213

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    FAQs

    What type of property is this?
    Retirement home - Prime 18,000 SF Senior Care Opportunity
    Where is this retirement home located?
    The property is located at 1500 Walnut St Jacksonville, IL.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: 18,000 SF senior living facility on a 2-acre lot in Jacksonville, IL, priced at $425,000 ($23.61/SF).; Two single-story buildings with ample on-site parking.; Convenient northwest Jacksonville location near a hospital, with nearby office, retail, and residential areas.
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    1500 Walnut St Jacksonville, IL 62650
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    Jacksonville, IL 62650
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1500 Walnut St Jacksonville, IL 62650
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