12520 State Street Atlanta, MI 49709

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$569,000

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Commercial
MLS# 201827068

Listing provided courtesy of: United Country Great Lakes Realty & Auction

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Property Details

Description

Atlanta Motel Complex. Established motel in Atlanta MI with income growth opportunity. The current owners have built a successful business with many repeat customers. Check out their website and tons of 5-star reviews! Eight of the units have kitchens and could be used as monthly rentals. Newer roof and siding. Laundry room on the premises. Investment opportunity and a community need for affordable housing. There is the former Legion Hall also included. Hardwood floors, 2 stories with a kitchen and parking lot. Come for a visit and see all this property and community in Atlanta in North East MI have to offer. Walk to local eateries, the grocery store, and downtown Atlanta,; halfway between Gaylord and Alpena with big box shopping, airports, a marina, and beaches.
Atlanta is a thriving community on the shores of the Thunder Bay River. Beautiful Briley Park offers a fishing dock, kayak & boat launches, music festivals and events, and the annual Elk Fest. The current owners have built a successful business with many repeat customers. Be sure to check out their website and tons of 5-star reviews! UPDATES

General Features
- Type Hospitality
- Business Information Income Property
- Year Built 1952
- Extras Fire Sprinklers Sys, Furnished, High Visibility, Highway Access, Kitchen Area, Landscaped, Laundry, Living Quarters, Restroom (s), Smoke Detectors
- Subdivision T30N R2E
- County Montmorency
Building Features
- Construction Block, Frame, Log
- Total Units 14
- Basement Partial Basement
- Heating/Air Conditioning Natural Gas
Property Features
- Lot Size .64 of an acre
- Parking Parking Lot
- Road Paved
- Driveway Blacktop
- Electric Other, Separate
- Sewer Septic
- Water Municipal
- Gas Other, Separate
Schools
- School District Atlanta

Neighborhood

49709 (Atlanta) Demographics

59 Median Age

15 Population Density (per sq. mile)

22% College Educated

$42,542 Estimated Median Income

1,585 Estimated Total Home Owners

139 Estimated Total Renters

92% / 8% Estimated Owner / Renter Divide

2 Estimated Average Household Size

3,540 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$155,000 Median Sales Price

7 Homes Sold

3 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	Current Price Source: Multiple Listing Service	New Value: $569,000
10/30/2023 10:51:00 AM	New in Database Source: Multiple Listing Service	New Value: $569,000

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** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than the firm which owns this website are marked with the WWLX logo and the detailed information about said listing includes the listing office. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor the broker which owns this website shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. WWLX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Water Wonderland MLS, Inc © All rights reserved.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.