Cost to Build an Assisted Living Facility in Wisconsin

Building an assisted living facility in Wisconsin requires significant capital investment, with costs varying substantially based on location, size, and amenity level. This comprehensive guide provides detailed cost breakdowns to help you plan and budget your Community-Based Residential Facility (CBRF) or Residential Care Apartment Complex (RCAC) development project.

Wisconsin Construction Cost Overview

Statewide Cost Summary

Cost Component Low Range Mid Range High Range
Per Square Foot $200 $265 $375
Per Bed/Unit $165,000 $225,000 $320,000
60-Bed Facility $9.9M $13.5M $19.2M
100-Bed Facility $16.5M $22.5M $32.0M

Cost Factors Unique to Wisconsin

Climate Considerations:

Regional Variations:

Detailed Cost Breakdown

Land Acquisition Costs

Milwaukee Metro Area:

Location Type Cost per Acre Cost per Bed
Urban Core $500,000-1,200,000 $25,000-60,000
Inner Suburbs $250,000-500,000 $15,000-30,000
Outer Suburbs $125,000-250,000 $10,000-18,000
Exurban $60,000-125,000 $5,000-10,000

Madison Metro Area:

Location Type Cost per Acre Cost per Bed
Urban Core $600,000-1,500,000 $30,000-75,000
Inner Suburbs $300,000-600,000 $18,000-35,000
Outer Suburbs $150,000-300,000 $12,000-22,000
Exurban $75,000-150,000 $6,000-12,000

Regional Markets:

Market Cost per Acre Cost per Bed
Green Bay/Fox Valley $80,000-200,000 $6,000-15,000
Eau Claire $60,000-150,000 $5,000-12,000
La Crosse $50,000-130,000 $4,000-10,000
Greater Wisconsin $25,000-80,000 $2,500-6,000

Land Requirements:

Hard Construction Costs

Building Shell:

Component Cost per SF % of Hard Costs
Foundation $16-26 8%
Structural Frame $32-52 18%
Exterior Envelope $28-46 15%
Roofing $11-18 6%
Windows/Doors $14-23 8%

Interior Construction:

Component Cost per SF % of Hard Costs
Interior Partitions $16-26 9%
Flooring $11-20 7%
Ceilings $7-13 4%
Millwork/Casework $9-17 5%
Paint/Finishes $5-11 4%

Mechanical, Electrical, Plumbing:

System Cost per SF % of Hard Costs
HVAC $32-52 16%
Plumbing $18-30 10%
Electrical $20-32 11%
Fire Protection $8-13 4%
Low Voltage/Technology $9-17 5%

Wisconsin-Specific Construction Costs

Climate-Related Additions:

Item Additional Cost
Enhanced Insulation $3-5/SF
High-Efficiency HVAC $4-8/SF
Frost-Protected Foundation $2-4/SF
Snow Load Structure $2-4/SF
Winter Construction Premium 5-15%

Energy Efficiency Investments:

Feature Cost Annual Savings
Geothermal HVAC $140,000-280,000 $22,000-45,000
Solar Panels $90,000-180,000 $14,000-28,000
LED Lighting $28,000-55,000 $7,000-14,000
Smart Building Systems $45,000-90,000 $9,000-18,000

Soft Costs

Professional Services:

Service Cost Range % of Project
Architecture $280,000-700,000 3-5%
Engineering $140,000-350,000 1.5-2.5%
Interior Design $90,000-250,000 1-2%
Legal Fees $45,000-120,000 0.5-1%
Accounting $22,000-60,000 0.25-0.5%

Permits and Fees:

Item Cost Range
Building Permits $40,000-120,000
Impact Fees $20,000-80,000
Utility Connections $65,000-180,000
DHS Licensing $250-550
Environmental Review $8,000-25,000

Financing Costs:

Item Cost Range
Construction Interest 4-6% of loan
Loan Fees 1-2% of loan
Appraisal $7,000-14,000
Title/Escrow $14,000-35,000

Other Soft Costs:

Item Cost Range
Market Study $7,000-14,000
Surveys $9,000-22,000
Soil Testing $4,500-14,000
Insurance (Construction) $45,000-120,000
Contingency 5-10% of project

Furniture, Fixtures & Equipment (FF&E)

Resident Rooms:

Item Cost per Room
Bed (Hospital-style) $2,200-4,500
Mattress $700-1,400
Dresser/Storage $900-2,200
Nightstand $280-550
Seating $450-1,100
Window Treatments $280-550
Lighting $350-700
Total per Room $5,500-11,000

Common Areas:

Area Cost Range
Dining Room $70,000-175,000
Living/Activity Rooms $45,000-135,000
Reception/Lobby $28,000-70,000
Therapy/Wellness $35,000-90,000
Outdoor Furniture $22,000-65,000

Equipment:

Category Cost Range
Commercial Kitchen $175,000-450,000
Laundry Equipment $45,000-135,000
Medical Equipment $28,000-90,000
Technology/Computers $45,000-135,000
Vehicles $38,000-90,000

Regional Cost Comparisons

Milwaukee Metro Area

Sample 80-Bed Project:

Component Cost
Land (4 acres) $1,000,000
Hard Costs $14,400,000
Soft Costs $2,160,000
FF&E $1,080,000
Contingency $1,440,000
Total $20,080,000
Per Bed $251,000

Madison Metro Area

Sample 80-Bed Project:

Component Cost
Land (4 acres) $1,200,000
Hard Costs $15,200,000
Soft Costs $2,280,000
FF&E $1,120,000
Contingency $1,520,000
Total $21,320,000
Per Bed $266,500

Fox Valley/Green Bay Area

Sample 80-Bed Project:

Component Cost
Land (4 acres) $560,000
Hard Costs $12,800,000
Soft Costs $1,920,000
FF&E $960,000
Contingency $1,280,000
Total $17,520,000
Per Bed $219,000

Greater Wisconsin

Sample 80-Bed Project:

Component Cost
Land (4 acres) $280,000
Hard Costs $11,200,000
Soft Costs $1,680,000
FF&E $880,000
Contingency $1,120,000
Total $15,160,000
Per Bed $189,500

Cost by Facility Type

Standard CBRF

Size Total Cost Per Bed
40 beds $7-10M $175,000-250,000
60 beds $10-15M $167,000-250,000
80 beds $14-20M $175,000-250,000
100 beds $17-25M $170,000-250,000

Memory Care Facility

Memory care requires additional security and design features:

Size Total Cost Per Bed
24 beds $5.5-8M $229,000-333,000
36 beds $8-12M $222,000-333,000
48 beds $11-16M $229,000-333,000

Additional Memory Care Costs:

RCAC (Residential Care Apartment Complex)

Size Total Cost Per Unit
40 units $10-15M $250,000-375,000
60 units $15-22M $250,000-367,000
80 units $20-30M $250,000-375,000

Cost Management Strategies

Value Engineering

High-Impact Savings:

Potential Savings:

Strategy Savings
Design optimization 5-10%
Material substitution 3-7%
Competitive bidding 5-15%
Phased development 10-20%

Wisconsin Incentives

Available Programs:

Financing Strategies

Construction Financing Options:

Loan Type LTC Rate Term
SBA 504 90% 6-7% 20-25 years
Conventional 65-75% 7-9% 18-24 months
HUD 232 85% 5.5-6.5% 40 years
Bridge 70-80% 9-12% 12-24 months

Development Timeline and Costs

Typical Timeline

Phase Duration Cumulative
Site Selection 2-4 months 2-4 months
Due Diligence 2-3 months 4-7 months
Design 4-6 months 8-13 months
Permitting 3-5 months 11-18 months
Construction 12-18 months 23-36 months
Lease-Up 6-12 months 29-48 months

Carrying Costs During Development

Cost Monthly 24-Month Total
Construction Interest $70,000-130,000 $1.7-3.1M
Property Taxes $4,000-12,000 $96,000-288,000
Insurance $2,800-7,000 $67,000-168,000
Utilities $1,800-4,500 $43,000-108,000

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This guide is for informational purposes only. Construction costs vary based on market conditions, specifications, and timing. Consult with local contractors and developers for current pricing in your specific market.