Log In/Sign Up
Your email has been sent.
901-934 Center St - Elgin Hospital 220,000 SF Health Care Building Offered at $10,000,000 in Elgin, IL 60120
INVESTMENT HIGHLIGHTS
- 14.4 Acres of Land
- In Fill Location near downtown Elgin and I-90
- 254,000 SF Former Hospital with significant capital improvements in 2020
- Numerous Uses for Redevelopment or Repurposing
EXECUTIVE SUMMARY
Versa Real Estate Services, as the exclusive agent, is pleased to offer for sale the fee simple interest in 901 Center Street, Elgin, Illinois, the former site of Sherman Hospital. The property includes approximately 254,000 square feet of building space situated on 14.4 acres in a residential neighborhood east of the Fox River, just one mile south of I-90 and less than a mile north of downtown Elgin, offering excellent accessibility. The hospital complex spans three parcels totaling 8.48 acres, with an adjacent parking area
comprising 22 parcels totaling 5.92 acres. Given the substantial land and building footprint, the site presents a wide range of re-development or adaptive reuse opportunities.
Potential uses include:
• Healthcare or medical facilities
• Mixed-use or residential development (single-family, townhomes, apartments)
• Community or recreational centers
• Educational or innovation hubs
• Senior or assisted living facilities
• Entertainment venues or cultural spaces
• Public parks or green space
Elgin has experienced notable economic growth over the past five years. Known for its strong manufacturing base, including metal products, electronics, and industrial machinery, the city is home to major employers such as NTN Bearing, Motorola Solutions, Harting Technology Group, Fisher Nuts, and Wanxiang America Corporation. Other key employers include Elgin School District U-46, Advocate Sherman Hospital, Ascension Saint Joseph Hospital, and J.P. Morgan Chase.
comprising 22 parcels totaling 5.92 acres. Given the substantial land and building footprint, the site presents a wide range of re-development or adaptive reuse opportunities.
Potential uses include:
• Healthcare or medical facilities
• Mixed-use or residential development (single-family, townhomes, apartments)
• Community or recreational centers
• Educational or innovation hubs
• Senior or assisted living facilities
• Entertainment venues or cultural spaces
• Public parks or green space
Elgin has experienced notable economic growth over the past five years. Known for its strong manufacturing base, including metal products, electronics, and industrial machinery, the city is home to major employers such as NTN Bearing, Motorola Solutions, Harting Technology Group, Fisher Nuts, and Wanxiang America Corporation. Other key employers include Elgin School District U-46, Advocate Sherman Hospital, Ascension Saint Joseph Hospital, and J.P. Morgan Chase.
PROPERTY FACTS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $283,904 | |
| Land Assessment | $282,416 | Total Assessment | $566,320 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$282,416
Improvements Assessment
$283,904
Total Assessment
$566,320
1 of 53
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
901-934 Center St - Elgin Hospital
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.