915 E 5th St

On behalf of OFS, JLL is pleased to present for sale the following unique medical campus in Alton IL.
The property is located on the Mississippi river in Downtown historic Alton IL. Surrounded by a casino, outdoor amphitheater, Marquette High School, and other redevelopments. Many employers and patrons have been drawn to this area as a low cost of living and stable work force. The subject is known as the St. Clare's Medical Campus consisting of a vacant hospital building with an attached assisted living facility, a high-vacancy freestanding medical office building, and a multi-level parking garage. The total rentable building area is 221,754 square feet which includes the lower level service area. The hospital was originally constructed in 1921 and underwent various additions and renovations over the years. The owner-operator, OSF HealthCare began phasing out services and was officially vacated approximately six years ago due to a planned effort to consolidate services at the Saint Anthony Health Center campus, two miles north of the subject. The assisted living facility was known as the Villas and is connected to the hospital and share mechanical systems between the buildings. This facility was fully vacated in 2020. The hospital is connected via skywalk to the four-story medical office building. The total subject site area is 8.36 acres and consists of 32 parcels. There are 20 unimproved parcels comprising a total of 2.4 acres. These lots appear to have been acquired over several decades for surrounding land control purposes, which is typical for medical centers. In our opinion, these lots provide
minimal contributory value, but there is upside potential to acquire and assemble the adjacent lots that have not yet been acquired.