Senior Housing

Traverse City, MI Senior Housing / Retirement Homes for Sale

Notify Me
List
Map
Cedar, MI Grawn, MI Williamsburg, MI Acme, MI Suttons Bay, MI Interlochen, MI Lake Leelanau, MI Maple City, MI
Nursing Home with Staff Residence
Updated: Jul 2
Nursing Home with Staff Residence

5840 Culver Road, Traverse City, MI 49685

$995,000
5,545 sqft 1.00 AC lot
5,545‑square‑foot nursing home property on 1 acre
12 private bedrooms with private or shared half baths
ADA‑accessible shower room serving each care area
Separate upstairs residence with 3 bedrooms, 1 bath, and secure entry
3‑car garage, parking lot, deck, powered shed, and radiant‑heated patio
View details
Barrier-Free Assisted Living Campus
Updated: Feb 4
Barrier-Free Assisted Living Campus

3205 Supply Road, Traverse City, MI 49686

$1,490,000
7,990 sqft 7.44 AC lot
Two buildings total 7,990 square feet across a 7.44‑acre campus
Each home includes 6 bedrooms, 3.5 bathrooms, and a full walkout basement
Barrier‑free bathrooms, doors, and entry areas throughout both homes
Community kitchens, dining rooms, living rooms, and family rooms
Fire suppression system with sprinklers installed
View details
Barrier-Free Assisted Living Facility
Barrier-Free Assisted Living Facility

3205 Supply Road, Traverse City, MI 49686

$749,000
3,995 sqft 3.83 AC lot

Former care facility with communal gathering areas, accessible features, and a landscaped guest walking path.

View details
See what stands out in Grand Traverse County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in
NOI available after sign in
Local Demand available after sign in
63-Unit Hotel Property
63-Unit Hotel Property

461 Munson Ave, Traverse City, MI 49686

Contact for pricing

Commercial HR zoning, a commercial kitchen, dining facilities, lounges, laundry, and landscaped outdoor areas support varied hospitality uses.

View details
Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 4 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

Opportunities in Nearby Cities

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

Assisted Living Facility Redevelopment
Assisted Living Facility Redevelopment

1413 Gratiot Avenue, Saginaw, MI 48602

$349,900
52,893 sqft 9.06 AC lot

Large institutional property with a commercial kitchen, substantial land area, and complete interior rehabilitation needs.

View details
Premier 55+ Apartment Community
Premier 55+ Apartment Community

2001 Marathon Ave, Neenah, WI 54957

$14,900,000
148,000 sqft 17.25 AC lot

Newly redeveloped 55+ multi-family community with commercial spaces.

View details
Senior Housing Campus
Senior Housing Campus

2138 N Carolina Street, Saginaw, MI 48602

$389,000
32,682 sqft 3.49 AC lot

City-approved senior care project with construction plans and drawings prepared for implementation.

View details
55+ Apartment Building with Commercial Space
55+ Apartment Building with Commercial Space

2001 MARATHON Avenue, Neenah, WI 54957

$14,900,000
17.25 AC lot

Renovated 55+ apartment community with garages, storage units, and two commercial spaces.

View details

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.

415 Elmwood Ave, Unit B
HOMES (RETIRED, NURSING)

415 Elmwood Ave, Traverse City, MI 49684-3180

Unit B
Value Estimation by Request
18,615 sqft 0.51 AC lot
View details
3205 Supply Rd
HOMES (RETIRED, NURSING)

3205 Supply Rd, Traverse City, MI 49696-9486

$490,000
Estimated value
3,995 sqft 3.83 AC lot
View details
3255 Mahoney Dr
HOMES (RETIRED, NURSING)

3255 Mahoney Dr, Traverse City, MI 49696-9187

$525,000
Estimated value
3,995 sqft 3.61 AC lot
View details
2585 Lafranier Rd
HOMES (RETIRED, NURSING)

2585 Lafranier Rd, Traverse City, MI 49686-8972

$4,785,000
Estimated value
22,480 sqft 5.31 AC lot
View details

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

Explore 8 senior housing / retirement homes for sale in Traverse City, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 17,530 square feet of properties for sale, with an estimated market value of $3,234,000.

Sale prices for assisted living facilities in Traverse City, MI start at $749,000, averaging $1,078,000, and reaching up to $1,490,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

List
Map

Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Assisted living facilities 4
Nursing homes 1

Demographics Overview

Population 78K
Population Growth (5Y) -35.5%
Median Household Income $78,889
College Educated 59.4%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
49686 $1.1M

Taxes & Financing

Tax Rate (average for all types) 4.34%
Property Tax per SF $71.64 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Grand Traverse County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

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

Retail

Need Help?

Reach out if you need assistance with Realmo tools or have questions about your listings