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OFF-MARKET
Specialty properties

790 Us-23 Harrisville, MI 48740

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Property summary
AI-generated overview

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 profile
Verified
Property type Specialty properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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