2 W Adams St, Sullivan, IL

Office for Sale - $1,095,000 - 26,000 Sq. Ft.


Agent Info

Nick Ragle
Coldwell Banker Commercial Devonshire Realty

Property Info

CIMLS#1156295
Location
  2 W Adams St
  Sullivan IL 61951
UpdatedMarch 16th, 2024
TypeOffice
Price$1,095,000
Building26,000 Sq. Ft.

Property Description

Fields-Wright Medical Facility, located at 2 W Adams St in Sullivan, IL, represents a significant healthcare investment opportunity. Erected in 1979, this bi-level facility spanning 26,000 square feet presents an enticing value-add or owner/operator opportunity. The property comprises one full-time lease and three part-time leases, in addition to the main hospital tenant, HSHS St Mary's, occupying approximately 60% of the updated turn-key healthcare and medical space. Upon sale, HSHS St Mary's will vacate, rendering the property primarily vacant, yet offering a promising value-add prospect for attracting new tenants or utilizing as an owner/operator. Additionally, the facility features a newly renovated and leased cardiac therapy/PT Gym, along with a vacant dental office awaiting remodeling for a new lease. Detailed leasing and due diligence information is available upon request, and upon the signing of a Non-Disclosure Agreement (NDA). Don't miss this opportunity to invest in the future of healthcare in Sullivan, IL.


Financials



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