Property Description

This is a rare opportunity! Partial owner financing available. The Marigold House is a beautiful state licensed private 12 bed Adult Foster Care Home. It has been in existence for 44 years, but owned and operated for the last 34 years by a husband-wife team. In it’s entire years of operation, a bed has rarely sat empty and the business does cash flow. This business comes turn key, which includes all furnishings and appliances with all 12 beds occupied. Currently 10 of these are state paid, if all residents were private pay it drastically increases net income, as expenses would not go up. The state license is for the Mentally Ill, Developmentally Disabled and the Aged Medium Group Home. It is the only private license left in the area with only a few left statewide. No new licenses of this type area being given out any longer. The building with the group home side includes 6 bedrooms, 2 bathrooms, a laundry room and 3 common areas for gathering. The building also includes a very large beautiful Caretaker’s Quarters, which includes 2 bedrooms and 1 bathroom, a full kitchen and living room on the main living area with a finished basement with a beautiful rec room, a bedroom and plenty of storage. All food service is done on sight from the full kitchen. Also included is the 24×48 drywalled, heated 4-car finished garage with workbench, water and lights. This is the Caretaker’s Mancave dream garage or would make a beautiful large recreation space for the residents. The home has a beautiful front porch for gathering and a nice large deck. It has one access door that is considered a no-step with a ramp. There is also An outdoor enclosed staircase for emergency exit. The building is extremely well maintained. It sits on 2 corner lots in the Town Development District. This home is located in beautiful Central Upper Michigan in a small, quiet community close to Marquette. This home meets and exceeds all state and licensing requirements. It has an excellent reputation. The home is equipped with a hard wired interconnected fire alarm system with backup. The home also has a back up generator. There are no modifications needed to be done by new owners. The business comes with everything needed to operate. The main level of the caretakers quarters could easily be incorporated into the group home side with the finished basement being used for staff, should the new owner’s not want to live on site. Current owners will be happy to help with the licensing and training process to make this as smooth of a transition as possible. The community has always been supportive and helpful.

: Natural Gas Hot Water
: Full
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W88° 24' 24.5''
N46° 26' 30.4''
Property Description
Richmond T 24
Richmond T
Conventional Frame
Deck,dishwasher - Built-in, To Ext,garage Door Remote,insulated Garage,landscaping,patio,paved Driveway,porch - Open,storage Area,window Blinds

101 Kirkpatrick Ave Palmer Michigan 49871

101 Kirkpatrick Ave, Palmer, Michigan 49871

0 Bedrooms
0 Bathrooms
0 Acre
MLS # #1128732
Basic Details
Property Type : Business Incl. Building
MLS # : 1128732
Price : $750,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Year Built : 0
Lot Area : 0 Acre
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