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    Traverse City, MI Assisted Living Facilities for Sale

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    Adult Foster Care Facility
    Updated: Jul 8, 2025
    Adult Foster Care Facility

    5840 Culver Road, Traverse City, MI 49685

    $995,000
    5,545 sqft 1.00 AC lot
    Previously operated as a 12‑bedroom adult foster care/nursing home with private/shared half baths and ADA accessible shower‑rooms, offering immediate business potential or conversion possibilities.
    Includes furnishings for the foster care portion of the business, a security system, fire suppression system, and generator.
    Features a separate, secure 3‑bedroom, 1‑bath upstairs residence ideal for on‑site staff or owner housing.
    Boasts a large backyard, deck, shed with electric, and patio with radiant heat for outdoor enjoyment.
    Includes a 3‑car garage.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    5840 Culver Road, Traverse City, MI 49685

    View Property Analytics

    • Est. Cap Rate

      8%
      Above avg (5.9%)

    • Est. NOI

      $79K
      Annual

    • Price @ 7% Cap

      $1.13M
      Above asking

    • Property Type

      Single Family Residence
      Built 1985
    View Property Analytics
    Assisted Living Campus with Two Homes
    Updated: Feb 4
    Assisted Living Campus with Two Homes

    3205 Supply Road, Traverse City, MI 49686

    $1,598,000
    7,990 sqft 7.44 AC lot
    Two‑home campus with former assisted living/adult foster care use—each residence listed separately
    Each home offers 6 BD, 3.5 BA, and 3,995 SF with large living and family room areas
    Community kitchen plus dining, living, and family room spaces in each home
    Barrier‑free layout with barrier‑free bathrooms, doors, and entry areas
    Full walkout basements and all‑laminate flooring throughout
    View details
    Senior Housing Facility with Walkout
    Senior Housing Facility with Walkout

    3255 Mahoney Drive, Traverse City, MI 49686

    $799,000
    3,995 sqft 3.61 AC lot

    Former assisted living/adult foster care facility with barrier-free bathrooms and full walkout basements.

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    Barrier-Free Assisted Living Home
    Barrier-Free Assisted Living Home

    3205 Supply Road, Traverse City, MI 49686

    $799,000
    3,995 sqft 3.83 AC lot

    Former assisted living and adult foster care property with barrier-free features, walkout basements, and fire-suppression sprinklers.

    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Barrier-Free Assisted Living Facility
    Barrier-Free Assisted Living Facility

    Traverse City, MI 49686

    $850,000
    3,995 sqft

    Former assisted living/Adult Foster Care with barrier-free design, community dining, and walkout basements.

    View details
    Assisted Living Campus Homes
    Assisted Living Campus Homes

    Traverse City, MI 49686

    $1,598,000
    7,990 sqft

    Former assisted living and adult foster care facilities set across two large, fully barrier-free homes with walkout basements.

    View details
    Assisted Living Facility Building
    Assisted Living Facility Building

    Traverse City, MI 49686

    $799,000
    3,995 sqft

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

    View details
    Barrier-Free Adult Care Facility
    Barrier-Free Adult Care Facility

    Traverse City, MI 49686

    $799,000
    3,995 sqft

    Former assisted living/adult foster care property with fully barrier-free bathrooms and full walkout basements.

    View details
    Based on your search, we've compiled 20 Potential Opportunities for your consideration. Besides 8 Active listings in Traverse City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Assisted Living Facility with Two Homes
    Assisted Living Facility with Two Homes

    2035/2085 S 33 1/2 Road, Cadillac, MI 49601

    $1,999,000
    14,195 sqft 25.07 AC lot

    Licensed 40-bed AFC facility on about 25 acres with two fully equipped 20-bed homes and on-site staff quarters.

    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.

    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
    Healthcare Facility with Spacious Living
    Healthcare Facility with Spacious Living

    Cadillac, MI 49601

    $399,900
    2.86 AC lot

    Former adult foster care home with nine bedrooms, five bathrooms, and multiple 2025 updates on nearly three acres.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Corner Commercial Land with Road Frontage
    Corner Commercial Land with Road Frontage

    1531 Kyle Street, Eaton Rapids, MI 48827

    $84,900
    1.57 AC lot

    1.57-acre corner commercial lot with blacktop frontage on two roads and visibility from Main St.

    View details
    Wooded Residential Land with Road Frontage
    Wooded Residential Land with Road Frontage

    9915 Highland Road, White Lake, MI 48383

    $359,900
    5.34 AC lot

    A zoned wooded parcel with substantial road frontage and available public utilities for permitted residential and outdoor recreation uses.

    View details
    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    VL W Carleton Road, Jonesville, MI 49250

    $1,850,000
    27.00 AC lot

    27-acre commercial land with high visibility and development potential.

    View details
    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    VL W Carleton Road, Jonesville, MI 49250

    $1,850,000
    27.00 AC lot

    27-acre commercial land with high visibility and development potential.

    View details

    Off-Market Properties in Traverse City, MI

    Consider similar Off-Market properties in Traverse City, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    415 Elmwood Ave, Unit B
    HOMES (RETIRED, NURSING)

    415 Elmwood Ave, Traverse City, MI 49684-3180

    Unit B
    Value Estimation by Request
    18,615 sqft 0.51 AC lot
    View details
    3205 Supply Rd
    HOMES (RETIRED, NURSING)

    3205 Supply Rd, Traverse City, MI 49696-9486

    Value Estimation by Request
    3,995 sqft 3.83 AC lot
    View details
    3255 Mahoney Dr
    HOMES (RETIRED, NURSING)

    3255 Mahoney Dr, Traverse City, MI 49696-9187

    Value Estimation by Request
    3,995 sqft 3.61 AC lot
    View details
    2585 Lafranier Rd
    HOMES (RETIRED, NURSING)

    2585 Lafranier Rd, Traverse City, MI 49686-8972

    Value Estimation by Request
    22,480 sqft 5.31 AC lot
    View details

    Traverse City, MI Assisted Living Facilities Market Trends and Statistics

    Explore 12 assisted living facilities for sale in Traverse City, MI, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 41,500 square feet of properties for sale, with an estimated market value of $8,237,000.

    Sale prices for assisted living facilities in Traverse City, MI start at $799,000, averaging $1,029,625, and reaching up to $1,598,000 — 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 8
    Senior Housing / Retirement Homes 2
    Medical centers 1
    Medical space 1
    Nursing homes 1

    Demographics Overview

    Population 78K
    Population Growth (5Y) -35.5%
    Median Household Income $78,889
    College Educated 59.4%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49685 $995K
    49686 $1M

    Taxes & Financing

    Tax Rate (average for all types) 4.34%
    Property Tax per SF $71.64 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Grand Traverse County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Grand Traverse County

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