Sealed-Bid Auction – Former Nursing Home

InvestmentSaleOther 26,346 SF
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1750 W Washington St
Springfield, IL 62704
Price: Unpriced
Building Size: 26,346 SF
Available Space: 26,346 SF
Lot Size (acre): 2+ AC
Parking: 30 Spaces
Zoning: R-5b
Tax PIN: 14320126005

PROPERTY NOW AVAILABLE THROUGH SEALED-BID AUCTION. S

•Seller: DLZ Capital, LLC

•Seller’s Representatives: Blake Pryor of Coldwell Banker Commercial-Devonshire Realty (CBCDR)

•Property Tours: All tours by appointment only. To schedule a tour, please contact Blake Pryor at 217-725-9518 or bpryor@cbcdr.com

•Closing: Within 30 days of contract execution

•Earnest Money: $10,000

•Terms and Conditions: Cash at closing, sold on “as-is”, “where-is” basis. Contact Blake for title work and property needs assessment.

•Schedule: Property Tours – March 2, 2020, through March 20, 2020. Sealed Bid Deadline – March 31, 2020 at 5:00 PM CST

PROPERTY DESCRIPTION

Subject Property is a former skilled nursing facility. The building is approx. 26,346 SF and 2+ acres. The building currently features 50 rooms +/- with restrooms showers, a main dining/activity area in the center, several private offices, break room, kitchen, laundry facility, and storage. 2 storage sheds are located in the back of the property. There are currently 30 marked parking spaces +/- in the front and back of the property. This would be a great redevelopment or reuse opportunity. Assisted living and apartments would be the highest and best use of the building.**TAXES SUCCESSFULLY APPEALED. FAIR MARKET VALUE LOWERED TO $875,785 FROM $1,700,529**

LOCATION DESCRIPTION

Subject Property is located on West Washington in the center-west side of Springfield. It good mix of residential and commercial. It is situated between Fairhills Mall Shopping Center and Hickory Glen Senior Living. The former is County Market-anchored, and the latter is a high-rise senior living apartment complex. Other nearby properties and attractions include Starbucks, Dunkin’, Grant Middle School, Sacred Heart-Griffin High School, and Pasfield Golf Course among others.

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