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    Adrian, MI
    Senior Housing

    Adrian, MI Senior Housing / Retirement Homes for Sale

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    Senior Housing Redevelopment Building
    Updated: Nov 24, 2025
    Senior Housing Redevelopment Building

    120 N Locust Street, Adrian, MI 49221

    $140,000
    23,975 sqft 1.34 AC lot
    Built in 1911 as Adrian’s hospital; east wing was added in 1965
    Previously used as the Charlotte Stephenson Home for seniors and later operated as a CQC senior living center
    Zoned heating with oil fuel
    Public water source
    Roof includes composition and tar/gravel materials
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    Historic Building Redevelopment Opportunity
    Updated: Mar 11
    Historic Building Redevelopment Opportunity

    120 North Locust St, Adrian, MI 49221

    $140,000
    1.34 AC lot
    Redevelopment potential for various uses such as loft/apartments, cultural/arts facility, or non‑profit.
    Historic building originally constructed in 1911.
    Suitable for uses that complement the city and area.
    Previously operated as a senior living center.
    East wing addition in 1965.
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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 10 Potential Opportunities for your consideration. Besides 2 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.

    Senior Care Medical Facility
    Senior Care Medical Facility

    4510 W Maple Rd, Bloomfield Hills, MI 48301

    Contact for pricing
    2,524 sqft

    For sale senior care and medical home health facility setup with long-term lease interest and tenant licensing required.

    View details
    City-Approved Senior Care Facility
    City-Approved Senior Care Facility

    2138 N Carolina Street, Saginaw, MI 48602

    $389,000
    32,682 sqft 3.49 AC lot

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

    View details
    Approved Senior Care Project
    Approved Senior Care Project

    2138 N Carolina St, Saginaw, MI 48602

    $389,000
    3.49 AC lot

    City-approved senior care project with potential for 50 beds.

    View details
    Senior Housing Facility with Garage
    Senior Housing Facility with Garage

    4510 W Maple Road, Bloomfield Hills, MI 48301

    Contact for pricing

    Senior care facility opportunity on W Maple Road with asphalt roof, garage, and outdoor lights.

    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.

    Commercial Land with Development Splits
    Commercial Land with Development Splits

    M-52, Manchester, MI 48158

    $399,000
    4.50 AC lot

    Commercially zoned acreage offers four available splits, broadband, and cable service availability.

    View details
    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    VL W Carleton Road, Jonesville, MI 49250

    $1,850,000
    27.00 AC lot

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

    View details
    Commercial Land with Highway Frontage
    Commercial Land with Highway Frontage

    VL W Carleton Road, Jonesville, MI 49250

    $1,850,000
    27.00 AC lot

    Commercial parcel with road frontage and cable availability between Hillsdale and Jonesville.

    View details
    Corner Commercial Land with Road Frontage
    Corner Commercial Land with Road Frontage

    1531 Kyle Street, Eaton Rapids, MI 48827

    $84,900
    1.57 AC lot

    1.57-acre corner commercial lot with blacktop frontage on two roads and visibility from Main St.

    View details

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

    Explore 2 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 $280,000.

    Sale prices for assisted living facilities in Adrian, MI average $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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Lenawee County

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