1801 Avenue G

Owner-Occupied Investment Opportunity Available. This sale includes the real estate, inventory, and the fully operating business with staff included. Parkway Center is a privately owned, privately funded, sheltered care and independent living facility conveniently located in Sterling, Illinois. This facility, which is currently 100% occupied, features 17 Sheltered Care rooms (19 beds) on the first floor, which are rented via daily rates ranging from $113-135/day, however they are licensed for up to 29 beds for sheltered care, so this could grow. The second and third floors feature 16 independent living apartments on each floor (38 beds total), which are rented via monthly lease rates.  

There is a fully stocked nurses’ station on the first floor for staff to help deliver medication and assist residents as needed. Each room is also equipped with emergency call buttons, and both the second and third floors have laundry facilities at the end of each hall for residents’ use. The building features a 1,100 SF outdoor patio for grilling and outdoor seating, and an 8,400 SF attached, covered parking garage where some of the independent living residents have their cars and store their excess furniture/belongings. Parkway Center also has a large commercial kitchen and full-service buffet/dining room where residents enjoy up to three meals a day. 

The building’s amenities include “The Bistro” coffee nook, a gift shop, sauna, beauty parlor, and multiple large community gathering rooms for card games, puzzles and other group activities.  The facility regularly hosts music, game and movie nights for the residents, as well as cookouts, parking lot car shows and the occasional field trip to the casino. Parkway Center has been privately owned and run by a local family for the last 10 years, and the Director/Owner has worked in this facility for 24 years, taking great care of the residents and the facility along the way. DO NOT MISS your chance to help carry this great facility on for years to come. Sale includes 5 parcels of land, with possible room for expansion.