Property profile

790 Us-23 Harrisville, MI 48740

OFF-MARKET
Investment properties
21,680 SF 11 ac lot
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Property summary

AI-generated overview

This exceptional business opportunity presents a fully operational, 5-star rated nursing home in Harrisville, Michigan. Spanning 21,680 square feet on an expansive 11-acre lot, this established facility has provided 24-hour professional care for over 40 years. The comprehensive services offered include long-term care, basic care, rehabilitation, specialized Alzheimer's/Dementia care, hospice care, and respite care. The property boasts numerous dining areas to accommodate diverse needs, along with private patient rooms designed for comfort and privacy. Residents enjoy access to a dedicated chapel for spiritual reflection and ample common areas, including a comfortable living room, fostering a welcoming and supportive environment. Included in the sale is a separate guest house/owner's residence situated conveniently at the front of the main building. Multiple outbuildings provide valuable storage space, enhancing the operational efficiency of the entire complex. This turnkey operation offers a rare chance to acquire a well-established and successful business with significant growth potential in a desirable location. The asking price is $1,799,000. This represents a unique opportunity for an investor seeking a stable and rewarding venture in the healthcare sector.

Property profile

Verified
Property type Investment properties
Total area 21,680 SF
Lot 11 ac (479,160 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

790 Us-23 Harrisville, MI 48740
Harrisville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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