This meticulously 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. Optimally positioned at 16300 Louis Avenue, this former continuing-care retirement community was built in 1973 and is built-out with a loading dock, ample surface parking, a commercial kitchen, balconies, an on-site beauty salon/barber shop, and a distinguished dining room.

Excellently situated with prominent visibility just off the major thoroughfare, US Route 6/E 159th Street, seeing 28,817 vehicles per day, Holland Home boasts the perfect blend of reputability and accessibility. The property is also close to Interstate 94, connecting to Interstate 294 via an eight-minute drive.

16300 Louis Avenue is primely located within a dense population of 249,528 residents living within a 5-mile radius, with 107,855 of these residents aged 55 and older. This encompassing population has a generous spending power of well over $2.3 billion annually and produces an average household income of about $69,000.

16300 Louis Avenue is conveniently positioned within a quick 3-mile radius of numerous nationally recognized retailers and eateries. Tenants and visitors can appreciate the building’s closeness to Target, Walmart Supercenter, Sam’s Club, McDonald’s, Dollar Tree, CVS, Walgreens, Menards, Jewel-Osco, Chick-fil-A, Starbucks, Aldi, and much more.

Whether an investor is seeking to revitalize the site into a newly modernized 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. Acquire 16300 Louis Avenue and experience the benefits of a well-established property with valuable capabilities within the greater Chicago metropolitan area.

Property tours are available by appointment only. Please contact the broker to schedule.