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Avonlea Cottage of Sterling

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Address: 2201 E Le Fevre Rd, Sterling, IL 61081, USA

Chicago & Midwest + Apartment Buildings

Created date: May 24, 2024

Date last updated: September 20, 2024

Property Description

Plains Commercial has been retained as the exclusive marketing adviser for the sale of Avonlea Cottage (Avonlea) located in Sterling, Illinois. Offers will be evaluated based on price, terms, and investor qualifications.Avonlea offers investors an opportunity to acquire a value-add assisted living facility at well below replacement cost. The facility is being offered for sale through a current receivership process and all bids will have to be approved by the court.Built in 2001, the facility has a “B” quality physical plant. The facility has been well maintained and does include some excess land for future expansion. Located in Sterling, Illinois, the facility is approximately a 4 minute drive from CGH Medical Center which is a progressive acute care facility. This medical cluster helps attract both residents and staff from a wide radius to Sterling. This provides for a fertile marketing ground for both residents and staff.Sterling is approximately an hour drive from the Davenport, Iowa Quad Cities area and approximately a 2 hour drive from Chicago. This offers convenient travel needs for investors traveling from out of state.ILLINOIS BROKER OF RECORD = RML Capital LLC, c/o Rick Lynn

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Lot Size:	16,485.00 Sq ft
Opportunity Zone:	No
Property Website	Click Here