1801 Avenue G Sterling, IL 61081

Property Details for 1801 Avenue G

Lot size

2.07 lot acres

Property size

46,517 SF

Property type

Hospitality properties

Property subtype

Motels

Description

This exceptional investment opportunity presents a licensed care facility in Sterling, Illinois, encompassing a 46,517-square-foot building situated on a 2.07-acre corner lot. Currently operating at 90% occupancy, this property offers 17 sheltered care units and 32 independent living units, totaling 49 units in 49 rooms. The building, constructed in 1979, features a steel frame, brick veneer, and masonry exterior. The interior layout includes a first floor with 23,517 square feet dedicated to sheltered care rooms, office spaces, dining areas, common washrooms, a nurse's station, kitchen, employee lounge, mechanical areas, and a 14-stall enclosed garage. The second and third floors, each comprising 11,500 square feet, house the independent living apartments, corridors, elevator lobbies, and laundry rooms. A 1,200-square-foot basement provides additional space for laundry, storage, and mechanical equipment. The property includes a three-stop, 3,500-pound hydraulic elevator. Independent living units are configured as one- or two-bedroom apartments with living areas, kitchens, and bathrooms featuring showers. Sheltered care units are private or semi-private and also include bathrooms with showers. The facility is fully staffed, including 24-hour nursing coverage. The asking price is $2,100,000, translating to $45.14 per square foot. The property is zoned MR-6 Multi-Family Residential. This well-maintained facility presents a strong return on investment with significant potential for future growth.

Location Insight

City

Sterling

County

Whiteside

State

Illinois

Longitude

-89.7055

Latitude

41.8027