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123 main st - 16 Unit Illinois Memory Care 16 Unit Apartment Building Offered at $2,500,000 Peoria, IL 61615
Executive Summary
Green Leaf Senior Living represents a unique opportunity to acquire a fully renovated, boutique memory care community located in the heart of Peoria. Purposefully reconstructed to serve the needs of seniors requiring specialized memory support, the property underwent a comprehensive renovation,
positioning it as a turn-key asset ready for strategic occupancy growth.
While the community currently operates below 50% occupancy, it benefits from new infrastructure, strong clinical leadership, and an excellent reputation for resident care. Owned and operated by a dedicated nurse, the focus has been almost entirely on clinical excellence and resident wellbeing—creating a solid foundation for a new owner/operator to take the reins and scale the business through marketing, outreach, and ancillary service optimization.
Investment Highlights
- Full renovation completed by early 2024 with high-quality finishes and infrastructure upgrades
- Boutique setting ideal for personalized memory care or assisted living
- Current occupancy under 50% – perfect for value-add investor or operator
- Excellent reputation in the market with deep caregiver expertise
- Opportunity to grow through local referral partnerships and targeted marketing
- Several specialty rooms (e.g., library, salon, exercise room) that can be converted to revenue generating spaces or specialized programming areas
- 9,180 square foot building
- 1.465 acre lot
Amenities
- All furnished private bedrooms
- Full fire suppression systems in place
- Walk-in showers with safety grab bars
- Emergency response system
- Activity-specific rooms including:
- Exercise & therapy room
- Sensory/game room
- Salon
- Library
- Craft room
- Spacious living and family areas
- Dedicated dining room
positioning it as a turn-key asset ready for strategic occupancy growth.
While the community currently operates below 50% occupancy, it benefits from new infrastructure, strong clinical leadership, and an excellent reputation for resident care. Owned and operated by a dedicated nurse, the focus has been almost entirely on clinical excellence and resident wellbeing—creating a solid foundation for a new owner/operator to take the reins and scale the business through marketing, outreach, and ancillary service optimization.
Investment Highlights
- Full renovation completed by early 2024 with high-quality finishes and infrastructure upgrades
- Boutique setting ideal for personalized memory care or assisted living
- Current occupancy under 50% – perfect for value-add investor or operator
- Excellent reputation in the market with deep caregiver expertise
- Opportunity to grow through local referral partnerships and targeted marketing
- Several specialty rooms (e.g., library, salon, exercise room) that can be converted to revenue generating spaces or specialized programming areas
- 9,180 square foot building
- 1.465 acre lot
Amenities
- All furnished private bedrooms
- Full fire suppression systems in place
- Walk-in showers with safety grab bars
- Emergency response system
- Activity-specific rooms including:
- Exercise & therapy room
- Sensory/game room
- Salon
- Library
- Craft room
- Spacious living and family areas
- Dedicated dining room
Property Facts
| Price | $2,500,000 | Lot Size | 1.45 AC |
| Price Per Unit | $156,250 | Building Size | 9,100 SF |
| Sale Type | Investment | Average Occupancy | 50% |
| No. Units | 16 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2023 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | Commercial | ||
| Price | $2,500,000 |
| Price Per Unit | $156,250 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 1.45 AC |
| Building Size | 9,100 SF |
| Average Occupancy | 50% |
| No. Stories | 1 |
| Year Built/Renovated | 1960/2023 |
| Opportunity Zone |
Yes |
| Zoning | Commercial |
1 1
Walk Score®
Very Walkable (70)
Property Taxes
| Parcel Number | 14-07-227-007 | Improvements Assessment | $60,150 |
| Land Assessment | $1,250 | Total Assessment | $61,400 |
Property Taxes
Parcel Number
14-07-227-007
Land Assessment
$1,250
Improvements Assessment
$60,150
Total Assessment
$61,400
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123 main st - 16 Unit Illinois Memory Care
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