HENDERSON CO., IL COMMERCIAL REAL ESTATE AUCTION
Begins:
Sunday, Aug. 24th 2025 at 12:00 AM
Ends:
Tuesday, Sep. 23rd 2025 at 1:00 PM
Henderson County, Illinois
COMMERCIAL REAL ESTATE AUCTION
Schlotzhauer Senior Living Home
Located: 401 N 3rd Street, Oquawka, Illinois
AUCTION ENDS: TUESDAY, SEPTEMBER 23, 2025 AT 1:00 P.M.
OPEN HOUSE/INSPECTION: FRIDAY, SEPTEMBER 5TH FROM 5 – 6 P.M
No Reserve Auction: Schlotzhauer Home – 5,400 sq. ft. Facility in Oquawka, IL
Originally built in 1966 with a wing expansion in the mid-1990s, the Schlotzhauer Home was operated for decades as a nonprofit senior living and care facility. It offers a large and versatile layout ready for its next chapter.
Property Highlights:
- Approximately 5,400 sq. ft. on a single level
- Nine bedrooms, each with a half bath and closet
- Main dining area and large kitchen
- Visitor’s/guest seating area
- Public restroom
- Spacious community/family gathering room
- Office
- Janitor’s closet
- Laundry/salon room
- Shared resident full bathroom with both a tub and walk-in shower
Lower Level:
- Full walk-out basement
- Caretaker’s residence with 2–3 bedrooms, full bath, and living room
- Ample storage space
Construction & Mechanical Features:
- Vinyl siding and vinyl windows
- Architectural shingled roof
- Combination of cement block and poured concrete foundation
- Radiant baseboard heat and forced air heat
- Central air conditioning
- (2) 200-amp breaker panels
Additional Features:
- Handicap accessible with ramps in place
- Situated on 10 city lots, offering room for expansion or redevelopment
- Facility was shuttered in 2020; caretaker moved out in 2023
- Utilities have remained active and the property has been consistently heated during winters
Future Possibilities:
This property provides numerous opportunities for redevelopment or reuse. Potential uses include reopening as a senior or assisted living facility, conversion into multi-family apartments or group housing, adaptation for a community or civic center, transitional or recovery housing, or even repurposing as a religious, educational, or office facility. Its size, layout, and location make it flexible for a wide variety of future uses.
Terms: $10,000 earnest money deposit due at the end of the auction, to be held and payable to Rasmussen and Dittmer, LLC Trust, with the remaining balance due on or before July 30, 2025. The seller will provide title insurance in the full amount of the purchase price. Real Estate sells “as is, where is.” Sale is not contingent on Buyer’s financing, inspections, or any other contingencies.
Survey: Seller shall not be obligated to perform a survey of the real estate.
Inclusions: All appliances and any other personal property at the time of closing.
Real Estate Taxes: This property is currently not on the tax roll and therefore has no current real estate taxes or assessed value.
Closing: Closing will take place on or about October 23, 2025. The balance of the purchase price will be payable at closing by guaranteed check or wire transfer.
Possession: At closing upon payment in full.
No Real Estate Buyers Premium!
SCHLOTZHAUER HOME – SELLER
Ron Cameron, President
Representing & Closing Attorney:
Auction Conducted by:
FRAISE AUCTION & REAL ESTATE
Auction Representative: Daniel B. Fraise 319-470-3183
Illinois Auction License #444.000278
OPEN HOUSE: FRIDAY, SEPT. 5TH FROM 5-6PM AT 401 N 3RD ST, OQUAWKA, IL
NA
DAN FRAISE 319-470-3183