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    Adrian, MI Senior Housing / Retirement Homes for Sale

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    Palmyra, MI Britton, MI Clayton, MI
    Historic Hospital and Senior Building
    $140,000
    23,975 SF
    Historic Hospital and Senior Building

    120 N Locust Street, Adrian, MI 49221

    Built in 1911 with an added east wing, suited for redevelopment into varied institutional or residential uses.
    • Historic building built in 1911 for Adrian’s hospital
    • East wing addition completed in 1965
    • Zoned heating with oil
    • Parking lot on site
    • Public water service
    Updated: Nov 24, 2025
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Adrian, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    City-Approved Senior Care Facility
    $389,000
    32,682 SF
    City-Approved Senior Care Facility

    City-approved senior care project with plans and drawings ready for pickup for up to 50 beds.

    2138 N Carolina Street, Saginaw, MI 48602

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    Well-Maintained Mobile Home in Toledo
    $47,500
    0.11 Acres
    Well-Maintained Mobile Home in Toledo

    Cozy mobile home in a 55+ community with modern updates.

    715 S Holland Sylvania Road, Toledo, OH 43615

    View details
    Addison Mill Pond Development Opportunity
    $600,000
    12,235 SF
    Addison Mill Pond Development Opportunity

    7.20 acre property with hospital and development potential.

    427 N STEER, Addison, MI 49220

    View details
    City Approved Senior Care Project
    $525,000
    32,682 SF
    City Approved Senior Care Project

    Approved senior care project with plans ready for pickup.

    2138 N Carolina, Saginaw, MI 48602

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercially Zoned Land Available
    $399,000
    4.50 Acres
    Commercially Zoned Land Available

    Commercial land with development potential in Manchester, Michigan.

    M-52, Manchester, MI 48158

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    Prime Commercial Land Opportunity
    $1,850,000
    27.00 Acres
    Prime Commercial Land Opportunity

    27-acre commercial land with high visibility and development potential.

    VL W Carleton Road, Jonesville, MI 49250

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    Prime Commercial Land Opportunity
    $1,850,000
    27.00 Acres
    Prime Commercial Land Opportunity

    27-acre commercial land with high visibility and development potential.

    VL W Carleton Road, Jonesville, MI 49250

    View details
    Commercial Land in Eaton Rapids
    $84,900
    1.57 Acres
    Commercial Land in Eaton Rapids

    1.57 acres of commercial land in a high-traffic location.

    1531 Kyle Street, Eaton Rapids, MI 48827

    View details

    Adrian, MI Senior Housing / Retirement Homes Market Trends and Statistics

    Explore 1 senior housing / retirement homes for sale in Adrian, MI on our real estate platform. These investment opportunities span a total of 23,975 square feet of properties for sale, with an estimated market value of $140,000.

    Sale prices for assisted living facilities in Adrian, MI start at $140,000, averaging $140,000, and reaching up to $140,000 — 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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    Demographics Overview

    Population 41K
    Population Growth (5Y) +1.1%
    Median Household Income $57,316
    College Educated 31.7%

    High-Yield Neighborhoods for Investment

    Identify Adrian submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49221 $140K

    Taxes & Financing

    Tax Rate (average for all types) 4.56%
    Property Tax per SF $84.73 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lenawee County

    New Delisted

    Total CRE Inventory on Market (SF)

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