Assisted Living Facilities for Sale in Michigan

 

Assisted Living For Sale Listings

Browse our currently featured listings or contact us to learn more about other assisted living facilities for sale in your market.

Sort Option
  • Listing ID
  • Price
  • Add date
  • Featured
Grid
List

13-Bed Memory Care Facility in Central Michigan

13-Bed Assisted Living Facility for Sale - Adult Foster Care licensed for 13 beds providing care to residents with alzheimers and other forms of dementia. Very well maintained facility with staff and management in place. This home stays fully occupied with private pay residents. Newly remodeled lock-down facility with expansion plans approved by the state and local municipality.
$600,000

17-Bed Assisted Living Facility in Northern MI

17-Bed Assisted Living Facility for Sale in Northern Michigan - Elderly Residents - Adult Foster Care home in Northern Michigan licensed for 17 beds. The current owners have taken incredible care of this facility, and their passion for the business is obvious as you walk through this clean, well maintained, spacious home.
$850,000

Two Six-Bed Adult Foster Care Homes and Home Health Care Agency for Sa

Assisted Living Facilities for Sale with Home Healthcare Agency - Two Turn Key Six Bed Assisted Living Facilities and Home Healthcare Business. Located in southeast Michigan. Owners are willing to sell separately, or as a group. Great opportunity for an investor, or someone looking to expand their current AFC portfolio. The home healthcare business is rapidly expanding.
$1,325,000

Six-Bed Adult Foster Care in Genesee County

Licensed and operating six-bed adult foster care in Genessee County loocated just minutes from a hospital. This AFC is a great opportunity for an investor or somebody that wants to expand their current AFC portfolio. This facility is fully staffed with manager in place, and little owner involvement. NOI $84,204. 3,000 sq ft, plus finished basement. 5 bed, 2 1/2 bath, screen in porch.
$425,000

Six-Bed Adult Foster Care in Central Michigan

Turn key facility with management and staff in place. Little owner involvement needed. This is a licensed six bed AFC home in Gratiot County, MI located on 6.77 acres of land. This well maintained facility generates consistent cash flow with opportunity to grow. This facility has a 6/1 staffing ratio with little oversight from owner.
$300,000

Six-Bed AFC in West Michigan

Licensed and operating six bed assisted living and adult foster care facility. Owner operated, but has fill in staff that would love more hours. Located in a quiet country setting. Large lot and attached garage offer the ability to expand capacity.
$315,000

Six-Bed Adult Foster Care for Sale in Clare County MI

Licensed and operating 6 bed AFC. Room to add 2 residents. Also room to expand beyond 6 beds. This beautiful, spacious home is located in a quiet corner of Clare county. Current owners cover some night shifts, but are working to transition the home into a turn-key operation for the new owner. A great opportunity for an investor, or someone looking to expand their current AFC portfolio.
$395,000

Six-Bed Adult Foster Care for Sale in Montcalm County, MI

Licensed and operating six bed assisted living and adult foster care facility. Located in a quiet country setting. Comes with over 4 acres of land. Owners reside at the address. Their living quarters could be converted into additional rooms.
$245,000

Two Adjacent Six-Bed AFCs for Sale in Upper Peninsula

TWO 6 BED AFCS IN MICHIGAN'S BEAUTIFUL UPPER PENINSULA! ROOM TO EXPAND! Two neighboring 6 bed AFCs that have been a staple of a well populated area of Michigan's beautiful upper peninsula. Both locations have room to expand. One home has 7 bed and the other has 9 beds.
$495,000
    9 Results returned.Per Page

    Michigan has various types of assisted living facilities, each with their own licensing requirements. Most assisted living facilities in Michigan are licensed as Adult Foster Cares, often refered to as AFCs. Adult Foster Care homes have various size categories depending on the number of beds. Family Homes and Small Group Homes are licensed for 1-6 residents. Medium Group Homes are facilities that are licensed for 7-12 beds. Large Group Homes can be licensed for between 13-20 beds. 

    Different adult foster care homes serve different types of residents. Some AFCs serve elderly residents. Others may serve residents with alzheimers, residents with developmental disabilities, or residents with various types of mental illnesses. Different certifications and requirements are needed depending on the type of residents an adult foster care wants to serve. 

    Another type of assisted living facility is one that’s licensed as a Home for the Aged. A Home for the Aged is limited to only serving elderly residents, but is not limited to only 20 beds like adult foster care homes are. 

    The department that handles licensing for assisted living facilities in Michigan is LARA, and the specific division is the Adult Foster Care and Homes for the Aged Licensing Division.

    Before investing in an assisted living facility in Michigan, it is important to check with the licensing division on any requirements you must meet before operating an adult foster care or a home for the aged in Michigan. 

    SIGN UP FOR COMMERCIAL REAL ESTATE UPDATES