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    Hillman, MI
    Assisted Living

    Hillman, MI Assisted Living Facilities for Sale

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    Lachine, MI Atlanta, MI Alpena, MI Herron, MI Comins, MI Millersburg, MI Posen, MI Hubbard Lake, MI
    Licensed Assisted Living Facility
    Updated: Feb 2
    Licensed Assisted Living Facility

    200 N Elizabeth Street, Hillman, MI 49746

    $1,400,000
    13,184 sqft 2.30 AC lot
    Licensed assisted living facility includes 20 individual apartments plus common areas, salon, and care accommodations
    Accessible design with an accessible approach with ramp
    Utilities include municipal water and sewer, plus fiber internet
    Sale may include the real estate and associated business operations, subject to licensing requirements
    Recent kitchen and laundry updates: new refrigerator (2024), new double oven (2025), new chest freezer (2023), and new washer (2025)
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Hillman, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Barrier-Free Assisted Living Facility
    Barrier-Free Assisted Living Facility

    3255 Mahoney Drive, Traverse City, MI 49686

    $749,000
    3,995 sqft 3.61 AC lot

    Former assisted living property with community gathering areas, walkout basements, and fire protection systems.

    View details
    Licensed Assisted Living Facility with Generator
    Licensed Assisted Living Facility with Generator

    8155 Blackman Road, Kingsley, MI 49649

    $725,000
    5,800 sqft 9.97 AC lot

    Licensed AFC with 6-bed capacity, wheelchair-accessible main floor, and whole-house Kohler generator on 9.97 acres.

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    Assisted Living Facility Building
    Assisted Living Facility Building

    Traverse City, MI 49686

    $749,000
    3,995 sqft

    Former assisted living setup with barrier-free bathrooms, multiple living areas, and fire suppression with sprinkler system.

    View details
    Assisted Living Residence with Whole-House Generator
    Assisted Living Residence with Whole-House Generator

    8155 Blackman Road, Kingsley, MI 49649

    $725,000
    5,800 sqft 9.97 AC lot

    Ranch-style adult foster care residence on 9.97 acres with a Kohler whole-house generator and wheelchair-accessible main floor.

    View details

    Hillman, MI Assisted Living Facilities Market Trends and Statistics

    Explore 1 assisted living facilities for sale in Hillman, MI on our real estate platform. These investment opportunities span a total of 13,184 square feet of properties for sale, with an estimated market value of $1,400,000.

    Sale prices for assisted living facilities in Hillman, MI average $1,400,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Assisted living facilities 1

    Demographics Overview

    Population 3,502
    Population Growth (5Y) +5.6%
    Median Household Income $47,776
    College Educated 17.9%

    High-Yield Neighborhoods for Investment

    Identify Hillman submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49746 $1.4M

    Taxes & Financing

    Tax Rate (average for all types) 3.17%
    Tax Rate vs County Average 0.17 pp above county avg
    Average Loan-to-Value 65.0%

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