1304 S Market St - Former Nursing Home 18,928 SF Health Care Building Offered at $443,075 CAD in Lake Park, IA 51347

Attention investors and redevelopers! This expansive 14,000+ sq ft property is for the visionary looking for opportunity. Located on the main entrance to Lake Park the 1.86 acre +/- parcel is conveniently located in a thriving community with demand for many different use types of the property. The property could be renovated as an attractive independent / assisted living facility, it could be made into apartments, office suits, retail space, a daycare, or — whatever you can imagine! As the property sits currently, there are 29 bedrooms, 20 bathrooms, and multiple additional spaces; including a large scale living room, dining room, and kitchen, multiple storage rooms, and staff rooms. At just over $26 a sq ft this property is ideal for redevelopment into a community asset and cash flowing asset. *Please note many uses for the property, including those listed, may require zoning approvals through the City of Lake Park.