Beneficial Demographics | Greater Chicago MSA | 16300 Louis Ave
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Beneficial Demographics | Greater Chicago MSA 16300 Louis Ave
162,816 SF Healthcare Building Online Auction Sale South Holland, IL 60473
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Investment Highlights
- Prominent six-story, 162,816-SF continuing care facility sited on 7.8 acres of lush, expansive acreage in South Holland, part of the Chicago MSA.
- Unique acquisition primed for a savvy investor seeking to add tremendous value by renewing a well-established site encompassed by ideal demographics.
- Surrounded by a dense population of 249,528 residents living within a 5-mile radius with 107,855 of these residents at the age of 55 and older.
- Brilliantly positioned with sought-after visibility and frontage along Louis Avenue sited just off US Route 6 seeing over 28,800 vehicles per day.
- Excellently built-out with a loading dock, ample surface parking, a commercial kitchen, balconies, a grand dining room, and an outdoor gazebo.
- Conveniently located within a 3-mile radius of a plethora of popular retailers, including Walmart Supercenter, Target, Sam’s Club, CVS, and Walgreens.
Executive Summary
This meticulously maintained property, encompassing 253 units, is thoughtfully designed to foster a vibrant, social environment for its residents. The expansive 162,816-square-foot, six-story building sits on nearly 8 acres of beautifully landscaped grounds, featuring lush courtyards, walking paths, and an outdoor gazebo. Optimally positioned at 16300 Louis Avenue, this former continuing-care retirement community was built in 1973 and is built-out with a loading dock, ample surface parking, a commercial kitchen, balconies, an on-site beauty salon/barber shop, and a distinguished dining room.
Excellently situated with prominent visibility just off the major thoroughfare, US Route 6/E 159th Street, seeing 28,817 vehicles per day, Holland Home boasts the perfect blend of reputability and accessibility. The property is also close to Interstate 94, connecting to Interstate 294 via an eight-minute drive.
16300 Louis Avenue is primely located within a dense population of 249,528 residents living within a 5-mile radius, with 107,855 of these residents aged 55 and older. This encompassing population has a generous spending power of well over $2.3 billion annually and produces an average household income of about $69,000.
16300 Louis Avenue is conveniently positioned within a quick 3-mile radius of numerous nationally recognized retailers and eateries. Tenants and visitors can appreciate the building’s closeness to Target, Walmart Supercenter, Sam’s Club, McDonald’s, Dollar Tree, CVS, Walgreens, Menards, Jewel-Osco, Chick-fil-A, Starbucks, Aldi, and much more.
Whether an investor is seeking to revitalize the site into a newly modernized senior living community or capitalize on the high demand for apartment living in the area, this property offers a compelling investment opportunity with significant upside potential. Acquire 16300 Louis Avenue and experience the benefits of a well-established property with valuable capabilities within the greater Chicago metropolitan area.
Property tours are available by appointment only. Please contact the broker to schedule.
Excellently situated with prominent visibility just off the major thoroughfare, US Route 6/E 159th Street, seeing 28,817 vehicles per day, Holland Home boasts the perfect blend of reputability and accessibility. The property is also close to Interstate 94, connecting to Interstate 294 via an eight-minute drive.
16300 Louis Avenue is primely located within a dense population of 249,528 residents living within a 5-mile radius, with 107,855 of these residents aged 55 and older. This encompassing population has a generous spending power of well over $2.3 billion annually and produces an average household income of about $69,000.
16300 Louis Avenue is conveniently positioned within a quick 3-mile radius of numerous nationally recognized retailers and eateries. Tenants and visitors can appreciate the building’s closeness to Target, Walmart Supercenter, Sam’s Club, McDonald’s, Dollar Tree, CVS, Walgreens, Menards, Jewel-Osco, Chick-fil-A, Starbucks, Aldi, and much more.
Whether an investor is seeking to revitalize the site into a newly modernized senior living community or capitalize on the high demand for apartment living in the area, this property offers a compelling investment opportunity with significant upside potential. Acquire 16300 Louis Avenue and experience the benefits of a well-established property with valuable capabilities within the greater Chicago metropolitan area.
Property tours are available by appointment only. Please contact the broker to schedule.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Property Facts
Amenities
- Smoke Detector
Room Mix Information
| Description | No. Beds |
|---|---|
| Studios | 152 |
| One Bedrooms | 47 |
PROPERTY TAXES
| Parcel Number | 29-22-103-046-0000 | Improvements Assessment | $7,073 CAD |
| Land Assessment | $1,068 CAD | Total Assessment | $8,140 CAD |
PROPERTY TAXES
Parcel Number
29-22-103-046-0000
Land Assessment
$1,068 CAD
Improvements Assessment
$7,073 CAD
Total Assessment
$8,140 CAD
zoning
| Zoning Code | R-1 (Zoned in the single family residence sector.) |
| R-1 (Zoned in the single family residence sector.) |
Sale Advisor
Sale Advisor
Andrew Glatz, Designated Managing Broker & President
(312) 440-7000
Contact
I'm an expert real estate agent with Crown Heights Realty in Lincolnwood, IL and the nearby area, providing home-buyers and sellers with professional, responsive and attentive real estate services. Want an agent who'll really listen to what you want in a home? Need an agent who knows how to effectively market your home so it sells? Give me a call! I'm eager to help and would love to talk to you.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Emily Walper
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 478027045
-
Andrew Glatz -
Crown Heights Realty
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Beneficial Demographics | Greater Chicago MSA | 16300 Louis Ave
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