2246 Cemetery Rd - Health Care FOR SALE


Gladwin, MI 48624
$699,000 USD
248-678-1700
2246 Cemetery Rd, Gladwin, MI for Sale
$699,000 USD
Health Care - FOR SALE
1/5
null | Request Cap Rate

NEW


2246 Cemetery Rd
Gladwin, MI 48624


OVERVIEW

?Heavenly Homestead Adult Foster Care is currently 20% occupied. The low occupancy presents a compelling value-add opportunity for an investor or operator to increase census, optimize operations, and drive revenue growth. With significant room for lease-up and stabilization, the asset offers strong upside potential through targeted marketing efforts, enhanced programming, and improved operational efficiencies. ?Recent capital improvements completed in 2026 have further enhanced the property's appeal and operational readiness. Renovations included new flooring throughout the community, fresh paint in all resident rooms, the installation of two new washer and dryer sets, and updates to the kitchen. These improvements reduce near-term capital expenditure needs for a new owner while providing a refreshed environment to support future occupancy growth. ?Gladwin and the surrounding Mid-Michigan region continue to experience growing demand for quality senior housing as the population ages and families seek local care options that allow loved ones to remain close to home. Nearly one-third of Gladwin residents are age 60 or older, creating a strong need for assisted living and adult foster care services within the community.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$84 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Stanford Lodge of Gladwin

PROPERTY TYPE

Health Care

ADD'L SUBTYPES

Assisted Living

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

-

APN/PARCEL ID

080-014-203-001-13

ASK ABOUT THIS PROPERTY

Bill MeiserMax Broock CommercialMore Info
248-678-1700

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Bill MeiserMax Broock CommercialMore Info
248-678-1700

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