2408 W. Heading Avenue
Office | Health Care I Educational - 50,744 SF
Marketing description
For Sale
Property Description
▪ Exceptionally well-maintained, large residential property serving as the motherhouse and head office for a Catholic religious order. Consists of 2 main buildings, with a chapel, totaling approx. 57,400 SF - all situated on a 5-acre site. Also includes a separate visitors' guest house, 6 car garage, storage shed and ample parking among much green space.
▪ 1912 Building - Original 3 story masonry building constructed in 1912 includes offices, meeting & community rooms, dining and bedrooms plus storage areas in approximately 16.522 SF.
▪ 1962 Building - 3 story building constructed in 1962 and significantly renovated in 2018. Includes on the ground floor a 4,000 SF chapel, along with several offices, community & meeting rooms, storage, utility areas, an updated kitchen and dining hall. On 2nd and 3rd floors there are 25 separate bedrooms, most with own bathrooms, plus community rooms, offices and dining area. All floors are connected by an elevator. 36,860 SF.
▪ The 2 buildings are ADA, connected by an updated ramped corridor section.
▪ Includes 960 SF separate visitors' guest house with basement and 2 garages.
▪ Located in a mostly single-family home community next to a municipal park and recreation complex
▪ The property is zoned R1 which allows various uses.
▪ Currently Tax Exempt
Investment highlights
Investment Opportunity
Asking Price $1,450,000
Unique opportunity for residential developer seeking housing, or for institutional user as office, educational & training, religious, or residential /health care facility.
2 main buildings, with a chapel, totaling approx. 57,400 SF -
Situated on a 5-acre site.
Separate visitors' guest house
Ample parking among much green space.
Location
Located in the small community of West Peoria just minutes from nearby Bradley University, St. Francis Medical Center and downtown Peoria. Neighboring Peoria has a population of over 110,000 and is located on the Illinois River.
Greater Peoria is the hub of a 30-county region, home to more than 1.7 million people, hundreds of major employers and a globally connected workforce. Peoria boasts the best of both worlds: a big-city lifestyle with a small-town feel, the perfect mix of rural and urban. The city is family- friendly, inclusive and welcoming to all, with opportunities for everyone to get involved, find their place and make a difference.
Located in a mostly single-family home community next to a municipal park and recreation complex.
The property is zoned R1 which allows various uses.
Currently Tax Exempt
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