Anyone familiar with Macomb IL??

Question

Kyle Gilbert · Answer

Kelly would you have any updates on your experience in Macomb?

Kelly Kormos · Answer

@Eric Hardt and @Rich Nordstrom that is what I have been hearing- the school is not doing well.  I saw there was a hospital there but without other employment opportunities I worry about the future of being able to find tenants.  They are wanting to move out of the area so they really want to get rid of the properties so I am sure we could work something out beneficial financially for everyone if I think worth paying anything to be in the area.  These opportunities don’t always present themselves especially across the country so just want to make sure I do the best due diligence I can...thank you both for your input.

Eric Hardt · Answer

Hi @Kelly Kormos

I went to school at western about 5 years ago. I'm only familiar with it from that regard. However, I have been back a few times. I know enrollment is down almost 20% from 10 years ago, so be careful with that. They built a few new complexes in the 2000-2010 timeframe. When I started there, they were full. My understanding is those places are under 90% occupied now. I think that is partially because of Illinois being a mess, but Macomb also doesn't need have a ton of job prospects for people to work during school. And I know some bigger places closed while I was there. I would just trend lightly and really watch that admission level if you do decide to jump in.