40 64Th St Belleville, IL 62223
This exceptional 35,052 square foot senior living facility, located at 40 N 64th St, Belleville, IL 62223, presents a unique investment opportunity. Built in 1981 and situated on a generous 4.69-acre lot, the property boasts a C-2 Heavy Commercial zoning designation, offering considerable flexibility for future development or repurposing. The building features 61 rooms, three showers, a fully equipped kitchen with a hood system, a spacious dining hall, a convenient laundry facility, and six individual offices. Additional amenities include corridor nurses' stations and numerous storage closets throughout the facility. The asking price is $875,000, translating to a price per square foot of $24.96. The property's substantial size and versatile layout make it ideal for a variety of uses, including continued operation as a senior care facility, conversion to assisted living, or redevelopment into a different commercial venture. The property's location in St. Clair County, Illinois, offers excellent access to transportation and local amenities. The APN is 07-12.0-213-024. This is a rare opportunity to acquire a large-scale commercial property with significant potential in a desirable location. Serious inquiries are encouraged.
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Catherine Dannenbrink Physician
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Stephanie Lamport Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.