401 W 5th St
Aurelia, IA 51005
Sunset Knoll Care & Rehab Center · Health Care Property For Sale · 44 Beds

This skilled nursing facility concentrates on long term skilled geriatric care and, short term rehabilitation (Medicare/Medicaid & private insurance). The property currently has 25  occupied beds.  There is currently no on-site administrator, however, the Good Samaritan Society visits the facility twice a week.   There also is an opportunity, under new ownership, to apply for and capitalize on the re-basing for an increase in the Medicare/Medicaid rates due to underfunding in 2017. The subject property is located on the northwest part of the State of Iowa between the larger cities of Cherokee and Storm Lake. Located at 401 W 5th Street on the northwest side of Aurelia, Cherokee County, Iowa with a population in excess of a 1,000 residents. The primary market area includes the cities of Cherokee and Alta. The majority of the residents are from Aurelia, Cherokee and Alta. The property is located between the larger cities of Cherokee and Storm Lake. In the Primary Market Area the age 65+ segment is projected to increase 1.9% per year which suggests increasing demand for Medicare/Medicaid and private insurance beds in the PMA. The lower income segment (under $34,999) of age 65+ is increasing 1,618 per year so Medicare/Medicaid demand is increasing. The age 65+ higher income cohorts (over $35,000) are also showing growth at 1.98% per year which bodes well for the private pay census in the PMA.