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Property profile

2500 St Louis St West Frankfort, IL 62896

OFF-MARKET
Retirement homes
13,027 SF 2.96 ac lot Built 1973
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Property summary

AI-generated overview

This 13,027 square foot medical office building presents a unique investment opportunity in West Frankfort, Illinois. Situated on a 2.96-acre lot zoned for business use, the property boasts a prime location on East St. Louis Street, conveniently positioned 1.75 miles east of IL Route 13 and 2.5 miles east of I-57. Built in 1973, this single-story Class C building features a spacious layout previously configured as a nursing home. The adaptable floor plan includes two wings, a large dining room, family room, equipped kitchen, six plus offices or specialty rooms, laundry facilities, public restrooms, and ample storage. The property includes 29 rooms, each with a bedroom and two bathrooms. All utilities are connected to the site, and it benefits from its location within an Enterprise Zone. The asking price is $265,000, translating to $20.34 per square foot. The property's APN is 12-20-402-999. This versatile property offers significant potential for various medical or commercial uses. Its size, location, and existing infrastructure make it an attractive prospect for investors and entrepreneurs seeking a substantial footprint in a strategic location.

Property profile

Verified
Property type Retirement homes
Year built 1973
Total area 13,027 SF
Lot 2.96 ac (128,938 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2500 St Louis St West Frankfort, IL 62896
West Frankfort metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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