Traverse City, MI Senior Housing / Retirement Homes for sale

Updated: Feb 4

Senior Housing Facility with Walkout

3255 Mahoney Drive, Traverse City, MI 49686

$799,000

3,995 sqft 3.61 AC lot

3995 sq ft former assisted living/adult foster care facility with 6 bedrooms and 3.5 bathrooms
Large community kitchen plus dining, living room, and family room areas
Fully barrier‑free bathrooms, doors, and entry areas
Full walkout basements and sprinkler system with fire suppression
Vinyl exterior and frame construction with asphalt roof

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This listing looks promising.

Here's a quick look at some key insights for

3255 Mahoney Drive, Traverse City, MI 49686

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Est. Cap Rate

4.8%
NOI ÷ price
Est. NOI

$38K
Annual
Price @ 7% Cap

$542K
Suggested
Property Type

Homes
Built 2015

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Updated: Apr 27

Barrier-Free Assisted Living Facility

Traverse City, MI 49686

$850,000

3,995 sqft

Former assisted living/Adult foster care facility built in 2015
6 BD and 3.5 BA with 3,995 SF of interior space
Barrier‑free design with barrier‑free bathrooms, doors, and entry areas
Full walkout basements plus a fire suppression system with sprinklers
Community dining and a large community kitchen, with dining, living room, and family room areas

View details

Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 2 Active listings in Traverse City, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads, 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.

Historic Hospital and Senior Building

120 N Locust Street, Adrian, MI 49221

$140,000

23,975 sqft 1.34 AC lot

Built in 1911 with an added east wing, suited for redevelopment into varied institutional or residential uses.

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Historic Building Redevelopment Opportunity

120 North Locust St, Adrian, MI 49221

$140,000

1.34 AC lot

Redevelopment opportunity in historic building for various uses.

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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.

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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.

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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.

Vacant Land on Thunder Bay River

301 N Fourteenth Avenue, Alpena, MI 49707

$335,000

2.00 AC lot

Two-acre vacant land parcel with river frontage in Alpena, MI.

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66 Acres Prime Development Land

2701 Golf Course Drive, Marlette, MI 48453

$649,000

65.49 AC lot

66-acre parcel ideal for residential or commercial development in Marlette.

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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.

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Wooded Residential Land with Road Frontage

9915 Highland Road, White Lake, MI 48383

$359,900

5.34 AC lot

A zoned wooded parcel with substantial road frontage and available public utilities for permitted residential and outdoor recreation uses.

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Off-Market Properties in Traverse City, MI

Consider similar Off-Market properties in Traverse City, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

HOMES (RETIRED, NURSING)

415 Elmwood Ave, Traverse City, MI 49684-3180

Unit B

Value Estimation by Request

18,615 sqft 0.51 AC lot

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HOMES (RETIRED, NURSING)

3205 Supply Rd, Traverse City, MI 49696-9486

Value Estimation by Request

3,995 sqft 3.83 AC lot

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HOMES (RETIRED, NURSING)

3255 Mahoney Dr, Traverse City, MI 49696-9187

Value Estimation by Request

3,995 sqft 3.61 AC lot

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HOMES (RETIRED, NURSING)

2585 Lafranier Rd, Traverse City, MI 49686-8972

Value Estimation by Request

22,480 sqft 5.31 AC lot

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Traverse City, MI Senior Housing / Retirement Homes Market Trends and Statistics

Explore 6 senior housing / retirement homes for sale in Traverse City, MI on our real estate platform. These investment opportunities span a total of 7,990 square feet of properties for sale, with an estimated market value of $1,649,000.

Sale prices for assisted living facilities in Traverse City, MI start at $799,000, averaging $824,500, and reaching up to $850,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
49686	$799K

Neighborhood

Average Price

49686

$799K