Advertise
    Traverse City, MI
    Nursing Home

    Traverse City, MI Nursing Homes for Sale

    Notify Me
    List
    Map
    Cedar, MI Williamsburg, MI Acme, MI Grawn, MI Suttons Bay, MI Interlochen, MI Lake Leelanau, MI Maple City, MI
    Assisted Living Facility with Staff Residence
    Updated: Jul 2
    Assisted Living Facility with Staff Residence

    5840 Culver Road, Traverse City, MI 49685

    $995,000
    5,545 sqft 1.00 AC lot
    5,545 square feet on 1 acre
    Main and lower levels include 12 private bedrooms
    Upper residence has 3 bedrooms, 1 bath, and a separate secure entry
    ADA‑accessible shower rooms serve each area
    3‑car garage, deck, radiant‑heated patio, and electrically serviced shed
    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
    Nursing Home With Staff Residence
    Updated: Aug 7
    Nursing Home With Staff Residence

    Traverse City, MI 49685

    $995,000
    12 private bedrooms on the main and lower levels
    ADA‑accessible shower room serving each area
    Upstairs residence with 3 bedrooms, 1 bath, and separate secure entry
    3‑car garage, generator, security system, and fire suppression equipment included
    Large deck, radiant‑heated patio, electric‑equipped shed, and huge backyard
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 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

    Opportunities in Nearby Cities

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

    Purpose-Built Senior Care Campus
    Purpose-Built Senior Care Campus

    842 W Warwick Drive, Alma, MI 48801

    $4,950,000
    34,539 sqft 6.19 AC lot

    Move-in-ready senior housing and care facility with private suites, dedicated support areas, and life-safety systems.

    View details
    Purpose-Built Healthcare Facility Campus
    Purpose-Built Healthcare Facility Campus

    842 W Warwick Drive, Alma, MI 48801

    Contact for pricing
    34,539 sqft 6.19 AC lot

    Move-in-ready healthcare campus with private suites, on-site parking, and institutional life-safety systems for care-focused operators.

    View details
    Former Hospital with Full Fire Suppression
    Former Hospital with Full Fire Suppression

    26755 Ballard St, Harrison Township, MI 48045

    Contact for pricing
    106,518 sqft 13.00 AC lot

    Albert Kahn-designed two-story facility with basement and full fire suppression system, plus paved parking.

    View details
    Former St. John Hospital Building
    Former St. John Hospital Building

    26755 Ballard St, Harrison Township, MI 48045

    Contact for pricing
    106,518 sqft

    106,518 SF former hospital suitable for various uses.

    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

    $490,000
    Estimated value
    3,995 sqft 3.83 AC lot
    View details
    3255 Mahoney Dr
    HOMES (RETIRED, NURSING)

    3255 Mahoney Dr, Traverse City, MI 49696-9187

    $525,000
    Estimated value
    3,995 sqft 3.61 AC lot
    View details
    2585 Lafranier Rd
    HOMES (RETIRED, NURSING)

    2585 Lafranier Rd, Traverse City, MI 49686-8972

    $4,785,000
    Estimated value
    22,480 sqft 5.31 AC lot
    View details

    Traverse City, MI Nursing Homes Market Trends and Statistics

    Explore 6 nursing homes for sale in Traverse City, MI on our real estate platform. These investment opportunities span a total of 5,545 square feet of properties for sale, with an estimated market value of $1,990,000.

    Sale prices for nursing facilities in Traverse City, MI average $995,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Assisted living facilities 10
    Senior Housing / Retirement Homes 3
    Nursing homes 2
    Rehabilitation centers 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

    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

    Office

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Popular Searches in Traverse City, MI

    Popular Categories

    Most Searched ZIP Codes in Traverse City, MI

    • 49685

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!