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Chicago & Midwest  + Greater Chicagoland  + Healthcare  | 

Former St. Margaret’s Health Hospital Hits the Market

The former St. Margaret’s Health Hospital in Spring Valley, Illinois, a shuttered 226,352-square-foot medical facility, has been listed for sale. In 2023, St. Margaret’s Health filed for Chapter 11 bankruptcy and SMP Health, which operated the hospital, said the hospital would close due to a host of challenges, including a cyberattack.

The five-story former hospital, located at 600 East 1st Street, features state-of-the-art medical facilities, including CT, x-ray, and MRI rooms. The property also has cardio and surgery suites, delivery and recovery rooms, an ICU ward, a 19-bed senior housing wing and a separate two-story medical office building and administrative offices.

Jamie Coté, vice president at Hilco Real Estate Sales, said, “The layout and infrastructure that this building has in place should lend itself well for conversion into similar healthcare or other institutional use. This may also create jobs and stimulate economic growth in the region, as leveraging the talent pool of this area will ensure high-quality workers are available for whatever use becomes of the property.”

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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