$699,000
Stanford Lodge of Gladwin
Details
Property Type Senior Living
Sub Type Adult Foster Care
Square Footage 8,300
Units 20
Beds 20
Occupancy 20%
Year Built 1975
Year Renovated 2026
Acreage 1.360
Investment Type Value Add
Ownership Land, Real Estate, Business
Senior Living | 8,300 SqFt
Marketing description
Heavenly Homestead Adult Foster Care is an adult foster care community located in Gladwin. The property features 20 units across approximately 8,300 square feet on 1.36 acres and 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.
Investment highlights
- 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.
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Zoning
R-F MixedMixed UseResidential Farming
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View all 36 uses Last updated Apr 24, 2026 For deeper zoning details, reports are available at Zoneomics
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