1212 32nd St, Allegan, MI 49010-9198

This exceptional investment opportunity presents a 10-unit assisted living and memory care facility nestled in Allegan, Michigan. The property comprises three buildings – two dedicated to assisted living and one single-family residence – situated on a spacious 1.86-acre lot. Built in 2011 and 1964, with renovations completed in 2019, the facility boasts 6,768 square feet of net rentable space, offering ample room for residents. The property includes 10 bedrooms and is zoned for commercial use. The asking price is $775,000, translating to $114.51 per square foot. This turnkey operation offers a rare chance to acquire both the real estate and an established business with significant growth potential. The property's location in Allegan provides a tranquil setting while maintaining convenient access to Grand Rapids, Kalamazoo, and Holland. The facility is designed to enhance residents' quality of life, featuring spacious living areas and dining facilities, and is conveniently located near area medical facilities. The property consists of two parcels, with APNs 0103206810 & 0103206900. This three-story building presents a unique opportunity for an investor seeking a profitable venture in the growing senior care market. The property's amenities are tailored to meet the needs of residents, ensuring a comfortable and supportive environment. The existing business offers immediate income potential, while the property's size and zoning allow for future expansion.