Built in 1976 with private donations and general obligation bonds, Prairie Acres is dedicated to the service of the aged and the disabled. Prairie Acres is a non-profit organization owned by the City of Friona and is governed by a board of directors appointed by the city council.

In 1989, an expansion project added 18 beds to the existing 65 and enlarged the dining area, the chapel, and the storage capacity. A larger lobby with a protected entrance was also added to the front of the building, Prairie Acres is located just four blocks from the local hospital and is right scross the street from the Senior Citizens' Center.