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Former Long-Term Acute Care Hospital 3255 Independence St 26,043 SF Healthcare Building Online Auction Sale Cape Girardeau, MO 63701
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- Excellent owner/user opportunity for medical use.
- Located just northwest of West Park Mall, which is undergoing a three-phase, $107M redevelopment and renovation project.
- Close proximity to Interstate 55, allowing for larger regional access.
- Located in dominant medical office corridor - less than 1 mile from St. Francis Medical Center & numerous other medical assets.
- Numerous national retailers near the asset include Walmart Supercenter, Sam's Club, Target, Lowe's, Menards, T.J. Maxx, Staples, Hobby Lobby, & more.
EXECUTIVE SUMMARY
Colliers is pleased to present for sale the Former Long-Term Acute Care Hospital (LTACH) (the “Property” or the “Asset”) located at 3255 Independence Street in Cape Girardeau, Missouri. Built in 2006, the former facility encompasses 26,043 square feet on 3.06 acres. The asset represents an excellent owner/user opportunity for another medical tenant or repositioning use. The asset's immediate proximity to Interstate 55 allows for easy and convenient and regional access to and from the facility.
The property is located less than 1 mile away from St. Francis Medical Center. The St. Francis Healthcare System serves more than 715,000 people across five states. The Healthcare System is anchored by St. Francis Medical Center, a 306-bed nonprofit tertiary care institution, supported by 3,000 colleagues and more than 300 providers serving 29 counties. St. Francis offers 50 specialties, including southeast Missouri's first Level III Neonatal Intensive Care Unit (NICU) and the region's only Level III Emergency and Trauma Center.
In addition to St. Francis, there are numerous other medical assets with physicians and medical personnel serving a wide array of medical specialties. The nearby offices include Urology Associates, Eye Care For You, Mercy Pediatrics, Cape Girardeau Dental Care, Brightstone Medical, Park Pharmacy, Southeast Diabetes Center & Endocrinology, and Saint Francis Healthcare System Business Development and Medical Partners building, Cape Gastroenterology Specialists, Physicians Alliance Surgery Center (St Francis Healthcare System), and St Francis Medical Partners Cape Pulmonology and Sleep Medicine.
Therefore, the asset's immediate proximity to the St Francis Medical Center and numerous other medical assets demonstrates a strong medical demand for the area and offers the potential for a synergistic relationship with other nearby medical tenants or with the hospital itself.
Furthermore, the property is also located just northwest of West Park Mall, which is currently undergoing significant renovations and redevelopment. Phase 1 of the renovations was scheduled to open up in Spring 2025. The project includes a $107M redevelopment with seven new stores opening during Phase 1. The 3-phase renovation project will create 700 new jobs.
In addition to the mall, the asset is located in close proximity to numerous retailers, including Walmart Supercenter, Sam’s Club, Target, Lowe’s, Menards, T.J. Maxx, Staples, Show Carnival, Buckle, Hobby Lobby, Pet Supplies Plus, Harbor Freight, Sherwin-Williams, and a wide array of hotels and restaurants.
Cape Girardeau is home to approximately 40,000 people with a median household income of nearly $58,000. There are 2,461 businesses employing over 35,000 people. Within a 1-mile radius of the asset, there are 4,800 people with a median household income of $52,130.
Overall, the asset offers an excellent opportunity for an owner/user, especially medical tenant, or investor with a redevelopment plan or tenant in-hand for the asset.
Property tours are by appointment only. Please contact the listing broker to schedule.
Dan Lesinski (License No: 2014012286)
The property is located less than 1 mile away from St. Francis Medical Center. The St. Francis Healthcare System serves more than 715,000 people across five states. The Healthcare System is anchored by St. Francis Medical Center, a 306-bed nonprofit tertiary care institution, supported by 3,000 colleagues and more than 300 providers serving 29 counties. St. Francis offers 50 specialties, including southeast Missouri's first Level III Neonatal Intensive Care Unit (NICU) and the region's only Level III Emergency and Trauma Center.
In addition to St. Francis, there are numerous other medical assets with physicians and medical personnel serving a wide array of medical specialties. The nearby offices include Urology Associates, Eye Care For You, Mercy Pediatrics, Cape Girardeau Dental Care, Brightstone Medical, Park Pharmacy, Southeast Diabetes Center & Endocrinology, and Saint Francis Healthcare System Business Development and Medical Partners building, Cape Gastroenterology Specialists, Physicians Alliance Surgery Center (St Francis Healthcare System), and St Francis Medical Partners Cape Pulmonology and Sleep Medicine.
Therefore, the asset's immediate proximity to the St Francis Medical Center and numerous other medical assets demonstrates a strong medical demand for the area and offers the potential for a synergistic relationship with other nearby medical tenants or with the hospital itself.
Furthermore, the property is also located just northwest of West Park Mall, which is currently undergoing significant renovations and redevelopment. Phase 1 of the renovations was scheduled to open up in Spring 2025. The project includes a $107M redevelopment with seven new stores opening during Phase 1. The 3-phase renovation project will create 700 new jobs.
In addition to the mall, the asset is located in close proximity to numerous retailers, including Walmart Supercenter, Sam’s Club, Target, Lowe’s, Menards, T.J. Maxx, Staples, Show Carnival, Buckle, Hobby Lobby, Pet Supplies Plus, Harbor Freight, Sherwin-Williams, and a wide array of hotels and restaurants.
Cape Girardeau is home to approximately 40,000 people with a median household income of nearly $58,000. There are 2,461 businesses employing over 35,000 people. Within a 1-mile radius of the asset, there are 4,800 people with a median household income of $52,130.
Overall, the asset offers an excellent opportunity for an owner/user, especially medical tenant, or investor with a redevelopment plan or tenant in-hand for the asset.
Property tours are by appointment only. Please contact the listing broker to schedule.
Dan Lesinski (License No: 2014012286)
OFFERING MEMORANDUM Click Here to Access
MATTERPORT 3D TOURS
3D Exterior
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DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financial Statements
- Purchase Agreement
- Title & Insurance
- Misc
PROPERTY FACTS
| Sale Type | Investment | Building Size | 26,043 SF |
| Sale Condition | Auction Sale | No. Beds | 1 |
| Type of Ownership | Fee Simple | No. Stories | 1 |
| Property Type | Health Care | Year Built | 2006 |
| Property Subtype | Hospital | Tenancy | Single |
| Building Class | A | Parcel Number | 20-305-00-08-00100-0000 |
| Lot Size | 3.06 AC |
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Health Care |
| Property Subtype | Hospital |
| Building Class | A |
| Lot Size | 3.06 AC |
| Building Size | 26,043 SF |
| No. Beds | 1 |
| No. Stories | 1 |
| Year Built | 2006 |
| Tenancy | Single |
| Parcel Number | 20-305-00-08-00100-0000 |
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SALE ADVISORS
SALE ADVISORS
Barry Swatsenbarg, Executive Vice President
In 2015, Barry joined Colliers International to expand the Colliers Detroit office reach with his investment sales expertise. He is consistently in the top 200 nationally for Colliers. Barry has been an active investment sales agent for over 24 years, transacted on over 500 deals; 15,000 apartment units and more than 30M SF of commercial assets. Barry has been awarded Everest Club at Colliers for the last several years. (The Everest Club recognizes the top 10% of producers and is Colliers highest award.)
Through his activity with the valuation and disposition of value-add and stabilized, income producing properties, he has successfully worked through periods of economic growth and contraction. He has an extensive history of producing sale results with outside of the box solutions to maximize value.
Over the years, Barry has transacted on hundreds of complicated dispositions, that included receivership, lender debt, REO and stabilized assets. He operates exclusively as a sell-side broker, with transactions spreading across all major investment commercial real estate property types. He has navigated through multitudes of unique and complex scenarios.
Barry is regarded as a highly trusted and well-connected industry expert. He is called upon by financial institutions, private clients and peers alike, for his candid market insight and ability to create effective asset management plans for disposition to aid clients with their ongoing business planning. The results maximize value; regardless of the quality of the asset.
Through his activity with the valuation and disposition of value-add and stabilized, income producing properties, he has successfully worked through periods of economic growth and contraction. He has an extensive history of producing sale results with outside of the box solutions to maximize value.
Over the years, Barry has transacted on hundreds of complicated dispositions, that included receivership, lender debt, REO and stabilized assets. He operates exclusively as a sell-side broker, with transactions spreading across all major investment commercial real estate property types. He has navigated through multitudes of unique and complex scenarios.
Barry is regarded as a highly trusted and well-connected industry expert. He is called upon by financial institutions, private clients and peers alike, for his candid market insight and ability to create effective asset management plans for disposition to aid clients with their ongoing business planning. The results maximize value; regardless of the quality of the asset.
Matt Terrace, Senior Vice President- Investments
For close to a decade Matt has completely immersed himself in many different aspects of commercial real estate, from retail to development to construction to acquisitions and dispositions, but specializes in Commercial Investment Dispositions and Acquisitions. Matt was exposed to the industry at a young age as it is a family passion handed down through generations. Matt has served both private and institutional clients such as Garrison Investment Group, True North Investments, LNR Partners, Integris Ventures and Alidade Capital. He has also worked with a number of national Tenants in the market including Pet Supplies Plus, Czarnowski and Nuance Communications. Matt’s successful approach stems from the ideology of fully comprehending his client’s needs and consistently putting them first.
Jonathan Katz, Senior Vice President
Jonathan joined Colliers in May of 2025 after serving as a Managing Director for Ten-X, one of the largest CRE online marketplaces. He entered the commercial real estate industry in 2012 as a Client Manager for Auction.com, which later rebranded to Ten-X. There, he quickly developed a deep understanding of the CRE Auction process and online marketplace dynamics. His career advanced as a Senior Sales Director, where he spent over a decade helping Ten-X become a leader in the CRE auction space. Having facilitated over $2B of CRE and Note sales, he brings his leadership and distinct knowledge to help grow Colliers’ presence in the CRE Auction industry.
Bradley Carver, Senior Vice President
Bradley joined Colliers in June 2025 and brings over a decade of leadership experience in the commercial real estate (CRE) auction space. Prior to Colliers, he served as Managing Director at Ten-X, one of the largest online marketplaces for CRE transactions, where he was instrumental in executing over $2 billion in CRE and note sales.
At Colliers, Bradley leverages his extensive industry experience, strong professional network, and hands-on knowledge of property marketing and disposition, particularly with opportunistic and income-producing assets. Known for his service-oriented mindset, proven track record, and deep passion for the auction space, he delivers strategic, high-impact marketing solutions designed to maximize asset exposure.
At Colliers, Bradley leverages his extensive industry experience, strong professional network, and hands-on knowledge of property marketing and disposition, particularly with opportunistic and income-producing assets. Known for his service-oriented mindset, proven track record, and deep passion for the auction space, he delivers strategic, high-impact marketing solutions designed to maximize asset exposure.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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AUCTION CONTACT
Jameson Kuykendall
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 2016002032
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Former Long-Term Acute Care Hospital | 3255 Independence St
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