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Executive Summary

Incredible Investment Opportunity - Historic Village Woods Retirement Home. Now available for sale, this expansive property offers unmatched potential. Ideally located just off Route 394 and adjacent to the scenic Balmoral Woods Golf Course, this unique site includes the iconic high-rise building and the attached rotunda-an ideal space for a restaurant or event venue. With approximately 51 acres and ample parking throughout, this property is suited for redevelopment, expansion, or continued use. Total of 3 PINs included in the sale. Prime location with beautiful natural surroundings and excellent accessibility. A rare chance to own a legacy property in a highly desirable corridor.

Property Facts

Price $2,000,000
Price Per Bed $40,000
Sale Type Investment
Property Type Health Care
Building Class B
Lot Size 38.66 AC
Building Size 50,000 SF
No. Beds 50
No. Stories 1
Year Built 2015
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
23-15-33-200-016
Land Assessment
$60,992
Improvements Assessment
$21,185
Total Assessment
$82,177
  • Listing ID: 37065720

  • Date on Market: 8/1/2025

  • Last Updated:

  • Address: 2681 Illinois 394, Crete, IL 60417

Contact the Sale Advisor

2681 Illinois 394 - Village Woods Assisted and Retirement Living

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