12520 State Street, Atlanta, MI 49709 (MLS# 201827068)
12520 State Street, Atlanta, MI 49709
New Listing
$569,000
Property Type:
Commercial
Status:
Active
Current Price:
$569,000
List Date:
7/01/2024
Last Modified:
7/01/2024
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, grocery store, and downtown Atlanta, halfway between Gaylord and Alpena with big box shopping, airports, a marina, and beaches.
Supplements: 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
More Information MLS# 201827068
Contract Information
Current Price: $569,000
Begin Date: 2023-10-28
List Price: $569,000
Status: Active
Property Information
Type: Hospitality
Realtor.com Type: Commercial
For Sale or Rent: sa
# of Units: 14
Lot Size Dimensions: .64 of an acre
Year Built: 1952
Levels: 1
Bus/Invtry Descrip: Motel/monthly rentals. all appliances, furnishings for rooms. Name and goodwill
School District: Atlanta
Location, Tax and Legal
County: Montmorency
St. #: 12520
Street Name: State
Street Suffix: Street
State: MI
Zip Code: 49709
Ownership Status: Owner
Township/City/Village: Briley
Subdivision or T/R: T30N R2E
Directions and Remarks
Directions: On M-32 in downtown Atlanta
Business Information
Annual Gross Income: 141168
Average Utilities: 695.40
Sign
Sign: Yes
Taxes and Possession
Taxes: 4875.00
Tax Year: 2023
Association Dues: No
Property Features
Business Information: Income Property
Present/Ptntl Use: Motel
Construction: Block; Frame; Log
Electric: Separate; Other
Gas: Separate; Other
Water: Municipal
Sewer: Septic
Heat/Air: Natural Gas
Basement: Partial Basement
Extras: Furnished; High Visibility; Highway Access; Kitchen Area; Laundry; Landscaped; Living Quarters; Restroom (s); Smoke Detectors; Fire Sprinklers Sys
Road: Paved
Drive: Blacktop
Parking: Parking Lot
Occupant: Owner
Util Pd by Owner: Electric; Fuel; Maintenance; Water
Documents/Disclosure: Other
Showing Instructions: Appointment Only; List Agent to Accom; Showingtime
Terms: Cash; Conventional Mort
Listing Office: United Country Great Lakes Realty & Auction
Last Updated: July - 01 - 2024
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