900 Royal Heights Rd., Belleville, IL, 62226 - Available for Sale

Senior Housing For Sale

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HUGE Reduction! Accepting offers for 5 days!

900 Royal Heights Rd., Belleville, IL 62226

$1,550,000

200 Beds | Senior Housing

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Senior Housing Property For Sale

Price:
$1,550,000
No. Beds:
200
Price/Bed:
$7,750
Property Type:
Senior Housing
Property Sub-type:
Assisted Living Residences
Additional Sub-types:
Day Care Facility/
Nursery
Congregate Senior Housing
Community Center
Property Use Type:
Vacant/Owner-User
Commission Split:
3%
No. Stories:
2
Year Built:
1973
Lot Size:
5 AC
Listing ID
17567748
Last Updated
31 days ago

Find Out More...

Highlights

  • Two elevators
  • Large cafeteria
  • Court yard

Description

Originally built in 1973 as a grand nursing home, this was the place to be if you required the help of a nurse. Over a million dollars was put into the property to correct failing systems, roof and windows. Could be used as a medical office building (Dentist, Specialist, Family Phys). Some vacant space of the building still requires rehab. It's best use would be as an Assisted Living Center. Convert small rooms to bedroom with living room and private 1/2 bath. The property does have about $178,000 of income now, plus another tenant prospect that would pay an additional $70,000 per year.

Located within 3 blocks of Memorial Hospital of Belleville, IL. Near 161 Hwy. Bus stops out front.
The agent for this listing is: Terry Heimann
618-580-6390
terryh@barbermurphy.com

Map of 900 Royal Heights Rd., Belleville, IL 62226 (Saint Clair County)

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Terry Heimann

Specializing in Investment Properties

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HUGE Reduction! Accepting offers for 5 days!
  • Senior Housing
  • $1,550,000
  • 200 Beds