2246 Cemetery Rd - Stanford Lodge of Gladwin 8,300 SF Health Care Building Offered at $699,000 in Gladwin, MI 48624

?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.