Established Assisted Living Facility with Real Estate in Illinois

This listing presents a well-established, 23-year-old assisted living facility located on 7 acres in suburban central Illinois. The facility offers residential care and limited memory care for seniors, boasting excellent reviews and a consistently full occupancy. The business is highly profitable, with NOI averaging $349k and $403k in 2024, returning to pre-Covid levels. Significant growth opportunities exist, including the potential addition of a fifth building for skilled nursing or additional residents, and conversion of existing villas into memory care units, addressing a local shortage of rehab beds. The seller, a nurse who manages the business, is willing to stay on to ensure a smooth transition. The sale includes the real estate.