Nursing Home

Traverse City, MI Nursing Homes for Sale

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Nursing Home with Staff Residence
Updated: Jul 2
Nursing Home with Staff Residence

5840 Culver Road, Traverse City, MI 49685

$895,000
5,545 sqft 1.00 AC lot
5,545‑square‑foot nursing home property on 1 acre
12 private bedrooms with private or shared half baths
ADA‑accessible shower room serving each care area
Separate upstairs residence with 3 bedrooms, 1 bath, and secure entry
3‑car garage, parking lot, deck, powered shed, and radiant‑heated patio
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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 9 Potential Opportunities for your consideration. Besides 1 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.

Nursing Home Building
Nursing Home Building

1817 S Park Ave, Alexandria, IN 46001

$274,900
29,115 sqft

Vacant healthcare property offered as-is, with a substantial existing building suitable for continued institutional use.

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Multifamily Development and Rehab
Multifamily Development and Rehab

1401 Churchill Street, Waupaca, WI 54981

$195,000
27,000 sqft 1.58 AC lot

R-3 zoned property with a prior nursing home building and city utilities, offered as-is where-is.

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Nursing Home Building
Nursing Home Building

1817 S Park Avenue, Alexandria, IN 46001

$274,900
4.48 AC lot

Former convalescent care facility with B-2 zoning, offered vacant and in its existing condition.

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Commercial Sale, WAUPACA, WI
Commercial Sale, WAUPACA, WI

1401 CHURCHILL Street, Waupaca, WI 54981

$195,000
1.58 AC lot

Nursing homes · 1.58 Acres

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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
Estimated value: by Request
18,615 sqft 0.51 AC lot
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3205 Supply Rd
HOMES (RETIRED, NURSING)

3205 Supply Rd, Traverse City, MI 49696-9486

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

3255 Mahoney Dr, Traverse City, MI 49696-9187

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

2585 Lafranier Rd, Traverse City, MI 49686-8972

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

Traverse City, MI Nursing Homes Market Trends and Statistics

Explore 5 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 $895,000.

Sale prices for nursing facilities in Traverse City, MI average $895,000 — 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 4
Nursing homes 1
Senior Housing / Retirement 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 $895K

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)

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