Easy Access Along US 14 in High-Demand Area 1218 State St 29,847 SF Healthcare Building Online Auction Sale Black Earth, WI 53515
INVESTMENT HIGHLIGHTS
- Prominently situated single-story, 29,847-SF former healthcare facility positioned over an accessible 3.12-acre lot in Black Earth, Wisconsin.
- Premier value-add investment opportunity to acquire a vacant asset primed for assisted living conversion in a high-demand and affluent community.
- Encompassed by a growing population where the median age is between 42 and 43 and the average household income is over $101,000 in a 5-mile radius.
- Visibly located with ideal frontage along major east-west thoroughfare State St/US 14 in a scenic small town sited less than 20 miles from Madison.
- Excellent proximity to renowned recreation areas, including reputable reserves such as Yellowstone Lake State Park and Governor Dodge State Park.
EXECUTIVE SUMMARY
1218 State Street presents to the market a single-story, 29,847-square-foot healthcare facility situated over a spacious 3.12-acre lot in Black Earth, Wisconsin. The vacant skilled nursing facility boasts incredible frontage paired with premium visibility at a signalized intersection along State Street/Frank Lloyd Wright Memorial Highway/US Highway 14. The property offers seamless ingress and egress and is complemented by ample on-site parking accommodating 19 vehicles. Built-in 1990, the asset provides a new owner with the opportunity to continue healthcare use on the property or convert the building into an assisted living facility.
Black Earth is a tranquil and rural environment that provides a scenic and slow-paced atmosphere less than 20 miles west of Madison, the capital of Wisconsin. Ideally surrounding the asset is a newly growing population where the median age is between 42 and 43 and the average household income is over $101,000 within a 5-mile radius. Within the Black Earth Village community, healthcare/social assistance ranks second in the largest industry sector, following retail trade at a 16.4% industry share. This asset is primed to serve the encompassing demand of this village and is complemented by nearby picturesque parks. It is under an hour’s drive from Yellowstone Lake State Park, featuring a 455-acre lake, and Governor Dodge State Park, renowned for its rock formation, waterfalls, and stunning overlooks.
Acquire 1218 State Street to secure a promising future for an upcoming assisted living facility encapsulated by supportive demographics and industry demand.
Property tours are available by appointment only. Please contact the broker to schedule.
Black Earth is a tranquil and rural environment that provides a scenic and slow-paced atmosphere less than 20 miles west of Madison, the capital of Wisconsin. Ideally surrounding the asset is a newly growing population where the median age is between 42 and 43 and the average household income is over $101,000 within a 5-mile radius. Within the Black Earth Village community, healthcare/social assistance ranks second in the largest industry sector, following retail trade at a 16.4% industry share. This asset is primed to serve the encompassing demand of this village and is complemented by nearby picturesque parks. It is under an hour’s drive from Yellowstone Lake State Park, featuring a 455-acre lake, and Governor Dodge State Park, renowned for its rock formation, waterfalls, and stunning overlooks.
Acquire 1218 State Street to secure a promising future for an upcoming assisted living facility encapsulated by supportive demographics and industry demand.
Property tours are available by appointment only. Please contact the broker to schedule.
DATA ROOM Click Here to Access
- Operations and Financials
- Purchase Agreement
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PROPERTY FACTS
SALE ADVISORS
SALE ADVISORS
Michael Segal, Executive Managing Director
(312) 300-4137 x104
Contact
Michael Segal joined Blueprint at inception in 2013. As an Executive Managing Director, he specializes in executing sales transactions nationwide in the senior care and skilled nursing sector on behalf of the full continuum of Blueprint clients including private local owner/operators, regional and national care providers, and capital investors. Prior to launching Blueprint, Michael worked with the founding partners at a national real estate investment services firm. He is a member of the Future Leaders Council at the National Investment Center for Seniors Housing & Care. He pursued a career in real estate to follow in his grandfather's footsteps, an industrial and retail broker in metro Detroit. Illinois License #475135401
Daniel Waldhorn, Senior Associate
(313) 751-9828
Contact
Daniel Waldhorn joined Blueprint in 2022. As a Senior Associate, he is responsible for overseeing all aspects of the real estate transaction from contract to close. He brings significant experience in real estate and transactions management, including 6 years with a boutique real estate advisory firm specializing in multi-family investment sales. Waldhorn also brings investment banking experience to the group, which serves as a cornerstone for providing exceptional service to Blueprint’s clients.
Waldhorn graduated from Michigan State University with a Bachelor of Arts in Finance and is currently completing his Master’s of Business Administration in Healthcare Supply Chain Management from Wayne State University.
Waldhorn graduated from Michigan State University with a Bachelor of Arts in Finance and is currently completing his Master’s of Business Administration in Healthcare Supply Chain Management from Wayne State University.
ABOUT THE AUCTION PLATFORM
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
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AUCTION CONTACT
Sophy Cardenas
Contact
Auctioneer License:
Ten-X, LLC Arlene Richardson RE Brkr 937838-91 Ten-X Auction Firm 481-53 Samantha Corbat Auctioneer 4028-52
(312) 300-4137
x104
CONTACTS
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Michael Segal -
Daniel Waldhorn -
Blueprint Healthcare Real Estate Advisors, LLC
