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    790 Us-23 Harrisville, MI 48740

    Sponsored
    For Sale
    $1,799,000

    Established Nursing Home, 11 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fully operational, 5-star rated nursing home in Harrisville, Michigan. Situated on approximately 11 acres along US-23, this established business has thrived for over 40 years, providing comprehensive 24-hour care. Services include long-term care, basic care, rehabilitation, Alzheimer's/Dementia care, hospice care, and respite care. The property boasts numerous dining areas, private rooms, a chapel, and comfortable common areas designed for resident well-being. Included in the sale is a separate guest house/owner's house located at the front of the property, offering additional living space or potential for expansion. Several outbuildings provide ample storage. The asking price for this turnkey operation is $1,799,000. This is a rare chance to acquire a well-established and successful healthcare business with significant potential for continued growth and profitability in a desirable location. The property's address is 790 US-23 South, Harrisville, MI 48740. This offering includes the land, buildings, and established business operations.

    Property Features for 790 Us-23

    General Information

    Property type
    Land

    HighLights

    • $1,799,000 asking price.
    • Special purpose commercial land property in Harrisville, MI.
    • Includes a fully operational, 5‑star rated nursing home on ~11 acres.
    • Offers long‑term care, basic care, rehabilitation, Alzheimer's/Dementia care, hospice, and respite care.
    • Features multiple dining areas, private rooms, a chapel, and common areas.
    • Includes a separate guest/owner's house and several outbuildings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Harrisville
    County
    Alcona
    State
    Michigan
    Longitude
    -83.3105561
    Latitude
    44.6343642

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    FAQs

    What type of property is this?
    Land - Established Nursing Home, 11 Acres
    Where is this land located?
    The property is located at 790 Us-23 Harrisville, MI.
    What is the asking price?
    The asking price for this property is $1,799,000.
    What are key features of this property?
    This property features: $1,799,000 asking price.; Special purpose commercial land property in Harrisville, MI.; Includes a fully operational, 5-star rated nursing home on ~11 acres.
    Request Owner's contact information
    790 Us-23 Harrisville, MI 48740
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    Harrisville, MI 48740
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    790 Us-23 Harrisville, MI 48740
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