Assisted Living Communities for Sale in Michigan
Discover investment opportunities in Michigan's senior living market. Connect with pre-vetted buyers and sellers through SeniorCRE's specialized marketplace.
Michigan Market Overview
Michigan market centered on Detroit metro and Grand Rapids. Economic transition from manufacturing creates mixed dynamics. Affluent suburbs (Birmingham, Bloomfield Hills) support premium facilities. Great Lakes coastal communities attract retirees. Lower valuations than coastal states but stable operations.
Population 65+: 17.7%
Median Income: $63,202
Growth Rate: 2.1% annually
Price/Bed: $80,000 - $130,000
EBITDA Multiple: 4.5x - 6.0x
Typical Sale: 7-10 months from listing to close
Key Markets in Michigan
Regulatory Environment in Michigan
Overview
Moderate - Michigan Department of Licensing and Regulatory Affairs regulates homes for the aged and adult foster care facilities. Multiple facility types create regulatory complexity. Administrator training required. Reasonable oversight. Licensing transfers 60-90 days.
Licensing Authority
Michigan Department of Licensing and Regulatory Affairs - Bureau of Community and Health Systems
Typical Transaction Timeline
7-10 months from listing to close
Why List Your Michigan Facility on SeniorCRE®?
For Sellers
- ✓Pre-vetted Michigan buyers familiar with state regulations
- ✓Healthcare M&A advisors with MI transaction experience
- ✓Confidential deal matching and NDA workflow
- ✓State-specific licensing transfer guidance
For Buyers
- ✓Exclusive access to Michigan off-market opportunities
- ✓Detailed MI market analytics and comps
- ✓Understanding of Michigan reimbursement rates
- ✓Post-transaction operator platform for seamless integration
Ready to Buy or Sell an Assisted Living Community in Michigan?
Connect with Michigan's most active senior living buyers and sellers. SeniorCRE's specialized marketplace brings together qualified operators, institutional investors, and healthcare brokers who understand MI regulations and market dynamics.