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16300 Louis Avenue

South Holland, IL 60473
  • $0
  • STATUS: Active
  • ON SITE: 158 Days
  • MLS #: 12156836
UPDATED: 66 min ago
$0
  • 0
    BEDS
  • 7.8
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1974
County:
Area:

School Ratings & Info

Description

The former Celebrate Senior Living of South Holland, an exceptional investment opportunity in the heart of South Holland, IL. This well-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-perfect for enjoying a serene summer day. Previously operating as a senior housing community, the property offers a wide range of modern amenities including a spacious grand dining room, private recreation room, large commercial kitchen, cafe, library, multiple lounge areas, activity rooms, chapel, salon, and common balconies on each floor. These features, along with its strategic location in a densely populated suburb less than 20 miles south of Chicago, make it an ideal candidate for redevelopment as either a continued senior living facility or a high-demand apartment complex. South Holland's strong local demand fundamentals are supported by a surrounding population exceeding 460,000 within a 7-mile radius. This offering provides investors with the unique opportunity to acquire a significant asset in a dense urban submarket of the Chicago MSA with attractive value-add potential. Since 2019, the property has seen over $1.5 million in capital improvements, including roof replacement, unit conversions (from studios to one-bedrooms), and common area renovations, positioning it well for future growth and enhanced resident satisfaction. The seller, a non-profit entity, has enjoyed the benefit of property tax exemption, further enhancing the financial appeal of this opportunity. Whether you are looking to redevelop the site into a modern 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. Don't miss the chance to secure a landmark asset in a prime location.

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© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Suburban Life Realty. Based on information submitted to the MRED as of 2025-02-11T15:08:31.517 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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16300 Louis Avenue South Holland, IL 60473

  • Price: $0
  • Status: Active
  • On Site: 158 Days
  • Updated: 66 min ago
  • MLS #: 12156836
0
Beds
0
Baths
0
½ Baths
7.8
Acres
1974
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
The former Celebrate Senior Living of South Holland, an exceptional investment opportunity in the heart of South Holland, IL. This well-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-perfect for enjoying a serene summer day. Previously operating as a senior housing community, the property offers a wide range of modern amenities including a spacious grand dining room, private recreation room, large commercial kitchen, cafe, library, multiple lounge areas, activity rooms, chapel, salon, and common balconies on each floor. These features, along with its strategic location in a densely populated suburb less than 20 miles south of Chicago, make it an ideal candidate for redevelopment as either a continued senior living facility or a high-demand apartment complex. South Holland's strong local demand fundamentals are supported by a surrounding population exceeding 460,000 within a 7-mile radius. This offering provides investors with the unique opportunity to acquire a significant asset in a dense urban submarket of the Chicago MSA with attractive value-add potential. Since 2019, the property has seen over $1.5 million in capital improvements, including roof replacement, unit conversions (from studios to one-bedrooms), and common area renovations, positioning it well for future growth and enhanced resident satisfaction. The seller, a non-profit entity, has enjoyed the benefit of property tax exemption, further enhancing the financial appeal of this opportunity. Whether you are looking to redevelop the site into a modern 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. Don't miss the chance to secure a landmark asset in a prime location.
Exterior Features

Docks Exterior Exterior Building Type Fiber Cement Foundation Details Concrete Perimeter Frontage Type City StreetPrivate Road Land Amenities ClubhouseCurbs and GuttersDock-CommunityGarbage RemovalLighting/ExteriorSecurity EntranceSidewalks Outdoor Parking Over 100 SpacesCommon ParkingLightedPavedPrivate LotParking On-Site Waterfront YN No

Interior Features

Cooling Wall Sleeve Heat Ventilation Wall UnitSeparate Per Unit Miscellaneous Inside Common Exercise Room/sCommon Lunchroom/sCommon Meeting Room/sEmployee KitchenElevator/s FreightElevator/s PassengerAccessible EntranceAccessible Washroom/sMulti-TenantOverhead Door/sPrivate Restroom/sPublic Restroom/sStorage InsideLaundry Room

Property Features

Additional Parcels YN Yes Approximate Age Older Building Area Total 162816 Built Before1978 YN Yes Current Use Zoning Change RequiredElderly Housing Electric Circuit BreakersOver 600 Amps Fire Protection Alarm On SiteFire Extinguisher/sCarbon Monoxide Detector(s) Geographic Locale South Suburban Gross Scheduled Income 0 Location Mixed Use AreaPark Adjacent Mls Actual Status Auction Net Operating Income 0 Operating Expense 0 Ownership Types Other Possible Use CondominiumDevelopmentMulti-FamilySpecial UseElderly HousingSingle Room Occupancy Property Offered For Sale Only Property Sub Type Health Care Institutions Seller Needs Out of ManagementOut of Partnership Seller Will Joint VentureTrain Tax Annual Amount 0 Tax Year 2023 Tenant Pays None Township Thornton Type Instut/To Develop Utilities Electric to SiteGas to SiteSanitary SewerWater-CommunityWater to Site Zoning MULTI

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of Crown Heights Realty: 312-440-7000.


© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Suburban Life Realty. Based on information submitted to the MRED as of 2025-02-11T15:08:31.517 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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