15+/- Bed Memory Care Illinois Near Peoria 15+/- Bed Memory Care Illinois Near Peoria 12 Unit Apartment Building $2,950,000 ($245,833/Unit) 11.11% Cap Rate Elmwood, IL 61529

KW Commercial and My ALF Consultant are pleased to offer for sale a family-owned, custom-built assisted living and memory care facility, featuring 12 units with an allowed occupancy of up to 16 residents. Constructed in 2014, this 12,720-square-foot facility includes a secure assisted living wing and a memory care wing, connected by an interior courtyard. The assisted living side offers three one-bedroom suites and three standard rooms, all with private bathrooms, while the memory care wing has three private rooms with private bathrooms and three rooms with shared bathrooms. Both wings feature separate living and dining areas, creating a cozy, home-like environment with soft colors, fireplaces, and sunrooms.
Situated on a large lot in a high-end residential neighborhood, the facility enjoys scenic views and a serene setting. Operating since 1993 as part of a three three-facility portfolio, it maintains high occupancy and strong room rates, reflecting its reputation for personalized care. With 24/7 staff support, specialized Alzheimer’s care, and engaging activities, it ensures residents’ dignity and independence in a secure environment.
Financially, the facility generated a 2024 Seller’s Discretionary Income of $327,737.21, presenting a robust investment opportunity. Eligible for SBA 7a and 504 loan programs, experienced operators may acquire the real estate and business with as little as 10% down. The owner is selling this facility individually or as part of the portfolio, offering a chance to invest in a thriving senior care operation in a growing market. Interested parties must sign a confidentiality agreement for further details.
Assisted Living for Sale Illinois