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- LoopNet Team
11XXX North Ave
Chisago City, MN 55013
New - Assisted Living, Memory Care · Health Care Property For Sale · 120 Beds
Investment Highlights
- 15 New Luxury Senior Group Homes. Each Home has 6 Senior Suites and 2 Live-in Caregivers Apartments
- Small Home Disrupter Design Has Higher Income, Lower Vacancies - GHP.
- Located on Wallmark Lake shore Wetlands. 100+ Businesses within 1 mile. Great location.
- 90 Private Suites & 30 Caregiver Apartments. 120 Total Suites.
- 3x Less COVID Deaths/1,000 vs High Bed Count Facilities - JAMDA. Higher Demand for Higher Profits.
- Recession Proof Real Estate Investment with High Cap Rates 15%+
PROPERTY FACTS
| Property Type | Health Care | Building Size | 63,000 SF |
| Property Subtype | No. Beds | 120 | |
| Building Class | B | No. Stories | 3 |
| Lot Size | 22.89 AC | Parking Ratio | 1.43/1,000 SF |
| Construction Status | Abandoned |
| Property Type | Health Care |
| Property Subtype | |
| Building Class | B |
| Lot Size | 22.89 AC |
| Construction Status | Abandoned |
| Building Size | 63,000 SF |
| No. Beds | 120 |
| No. Stories | 3 |
| Parking Ratio | 1.43/1,000 SF |
About 11XXX North Ave , Chisago City, MN 55013
Location Overview Nature View Homes is located in Chisago City, MN within the Chisago Lakes Area, 30 minutes from the Twin Cities. The Chisago Lakes Area is noted for its recreational lakes with lots of trails, parks, restaurants, entertainment and shopping. The Chisago Lakes Area was a finalist for the “America’s Best Communities Award” out of 100’s of entrants across the USA. Nature View Homes is located on Wallmark lakeshore wetlands in the center of the commercial district with over 100 businesses within one mile. Nature View Homes residents and visitors can easily walk to nearby city amenities, trails, parks, shopping, dining, bars and other local businesses. To be built project. City final plat approval has been received. Contact me to have the OM and Proforma emailed to you.
Room Mix Information
| Description | No. Beds |
|---|---|
| - | 120 |
zoning
| Zoning Code | R-3 (Zoned medium residential density. (see) MN 462.357 Subd. 8.Permitted multifamily use. A state licensed res facility serving from 7 - 16 persons.) |
| R-3 (Zoned medium residential density. (see) MN 462.357 Subd. 8.Permitted multifamily use. A state licensed res facility serving from 7 - 16 persons.) |
