17935 Roosevelt Rd - Assisted Livings FOR SALE


Hemlock, MI 48626
$2,000,000 USD
248-761-2370
17935 Roosevelt Rd, Hemlock, MI for Sale
$2,000,000 USD
Assisted Livings - FOR SALE
1/4
null | Request Cap Rate

17935 Roosevelt Rd
Hemlock, MI 48626


HIGHLIGHTS

  • Built in 2019 and licensed as an Adult Foster Care facility.
  • Twenty-unit assisted living residence serving the Mid-Michigan region.
  • Fifteen resident rooms include private bathrooms and walk-in showers.
  • Situated on 2.015 acres with additional land for potential expansion.
  • Common areas include an aquarium and bird sanctuary for residents.
  • Purpose-built layout designed for senior housing operations.

OVERVIEW

The Roosevelt House is a purpose-built assisted living facility located at 17935 Roosevelt Road in Hemlock, Michigan. Constructed in 2019 and licensed as an Adult Foster Care (AFC) facility, the property consists of 20 residential units designed to accommodate senior living operations. The facility's modern construction, established licensing, and specialized layout provide an opportunity for operators or investors seeking a turnkey senior housing asset. The residence includes a mix of private accommodations, with fifteen rooms featuring private bathrooms and walk-in showers and five rooms offering half bathrooms with access to shared bathing facilities. Additional resident and staff amenities include a dedicated bathroom equipped with a walk-in shower and walk-in bathtub, as well as a separate public restroom. Common areas have been designed to promote resident comfort and engagement, including gathering spaces complemented by an aquarium and bird sanctuary. Situated on approximately 2.015 acres, the property offers additional land that may support future expansion, subject to applicable approvals. Hemlock serves residents throughout the surrounding Saginaw, Midland, and Gratiot County region and benefits from proximity to major regional employers, including Hemlock Semiconductor. The location provides access to a broad service area while maintaining the quiet setting often preferred for senior care environments. The combination of recent construction, licensed operation, established resident accommodations, and expansion potential positions the property as a distinctive senior housing investment within Mid-Michigan.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$211 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

THE ROOSEVELT HOUSE

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.02 AC

LAND SF

87,991 SF

ZONING

Commercial-Improved

APN/PARCEL ID

15112172001015

ASK ABOUT THIS PROPERTY

Scott ElliottSignature AssociatesMore Info
248-761-2370

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Scott ElliottSignature AssociatesMore Info
248-761-2370

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.