Another firm is pleased to present a former assisted living facility in Dickinson, North Dakota. The property has ceased operations and is now vacant, presenting a unique opportunity to acquire a well-maintained property below replacement cost. In 2023, the facility operated at over 90% occupancy, generating approximately $900,000 in EBITDAR. This historically high occupancy and performance shows the demand for assisted living in the market, affording a new owner strong potential to monetize this demand. Originally built as a hotel, the property was recently renovated to serve senior living clients and includes 60 basic care licenses that may be part of the sale. With compelling upside potential, the property offers opportunities to transition its use, rebrand, or reopen as a seniors’ facility, making it a versatile and high-performing investment.

Dickinson is the seventh-most populous city in North Dakota, and a major regional center for commerce, healthcare, and entertainment.

Residents flock to Dickinson for its high quality of life, sense of community, and access to employment. The area showcases a strong demographic profile within the 5-mile radius surrounding Evergreen. There are approximately 28,000 residents earning an average household income of $87,000. Approximately 13% of the population within that same radius is aged 65+ and earns an average of $70,000 annually. By 2029, the 75+ population is anticipated to increase by approximately 14%, and the age-qualified and $100,000+ income-qualified population is expected to increase by just over 38%. Residents in the area are highly educated with around 25% of the population achieving a bachelor’s degree or higher. Consumers in Dickinson spend approximately $344 million annually, and $17 million is spent specifically on healthcare-related expenditures.

Don’t miss your opportunity to invest in a promising location with long-term economic stability through the acquisition of this top-quality asset.