Owner-Occupied Investment Opportunity Available. Sale includes real estate, inventory, and a fully operational business with staff. Parkway Center is a privately owned and funded sheltered care and independent living facility in Sterling, Illinois. The fully occupied facility features 17 Sheltered Care rooms (19 beds) on the first floor, rented at daily rates of $113-$135. It is licensed for up to 29 beds, offering future growth potential. The second and third floors offer 16 independent living apartments each (38 beds total), rented monthly. The first floor includes a stocked nurses' station for medication distribution and assistance. All rooms have emergency call buttons; laundry is available on both upper floors. Amenities include a 1,100 SF outdoor patio and an 8,400 SF covered garage, offering parking and storage for the independent residents. Residents can enjoy meals from a full-service buffet/dining room, and large commercial kitchen on site. Additional features include "The Bistro" coffee nook, gift shop, sauna, beauty parlor, and multiple community rooms for activities. Parkway Center hosts many events for residents including game nights, music, cookouts, car shows, and casino outings. This facility has been privately operated by a local family for 10 years, with an excellent, hands-on Director/Owner who has worked on-site for 24 years. Don't miss this chance to carry on a thriving, well-loved facility. Sale includes 5 parcels with potential expansion opportunity.
| Listing Id: | 12764026 |
|---|---|
| List Price: | $2,600,000 |
| Property Type: | Commercial Sale |
| Property Type: | Retail/Stores |
| Status: | Active |
| Parking On Site: | No |
| Tax Annual Amount: | $68,002 |
| Lot Size Square Feet: | 54,450 |
| City: | Sterling |
| County Or Parish: | Whiteside |
| Postal Code: | 61081 |
| Year Built: | 1979 |
| Association Fee Frequency: | Not Applicable |
| Basement: | false |
| Building Area Total: | 39016 |
| Construction Materials: | Brick, Block, Frame |
| Cooling: | Central Air |
| Directions: | Corner of W 19th St and Avenue G |
| Flooring: | Carpet, Concrete, Tile |
| Frontage Type: | City Street |
| Lot Size Acres: | 1.25 |
| MLS Area Major: | Sterling |
| Agent Owned/Interest (Y/N): | No |
| Information: | None |
| Location: | Enterprise Zone, In City Limits |
| List Price Per Sf: | 66.64 |
| Market Code: | Active |
| Min Avail Sq Ft (Rentable): | 0 |
| Property Offered: | For Sale Only |
| Special Assessments: | U |
| Update Date: | 2026-09-24T05:05:27 |
| Unit Square Footage: | 39016 |
| Original List Price: | $2,600,000 |
| Parcel Number: | 1116355014 |
| Possession: | Negotiable |
| Roof: | Membrane |
| State Or Province: | IL |
| Tax Year: | 2024 |
| Water Source: | Municipal Water |
| Actual Status: | Active |
Listing Courtesy of: Hawkeye Commercial Real Estate
Listing Agent: Max Gellerman
563-676-2806
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Midwest Real Estate Data LLC data last updated on October 08, 2026 04:22 PM - CT
Based on information submitted to the MLS GRID as of October 08, 2026 04:22 PM - CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. Properties displayed may be listed or sold by various participants in the MLS. Some listings have been excluded from this website.
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Property Last Updated: October 08, 2026 04:22 PM - CT
