Established Atlanta Motel For
For Sale
Contact for pricing
12520 State St. Atlanta MI, Atlanta, MI 49709
Motel with income growth opportunity in Atlanta, Michigan.
Property SizeContact for details
Days on Market1202
Property Features for 12520 State St. Atlanta MI
General Information
Standard status
Active
Property subtype
Business for Sale, Hospitality
Zoning
Commercial
Occupancy
100%
Investment Type
Owner/User
Building Details
Buildings
1
Stories
1
Units
14
Listing Agency:
Great Lakes Realty
(989) 785-3661
Listed By:
Diane McMurphy · License #MI 6502390317
Source:
Crexi
Added: May 8, 2023
Changed: Aug 19
Last Checked: Aug 19 at 4:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Great Lakes Realty
Investment Insights
Based on property information with market context.
This established motel in Atlanta, Michigan, presents an investment opportunity with potential for income growth. The property features 14 rental units, including 7 with full kitchens and the remainder equipped with mini-fridges and microwaves. Recent upgrades include a newer roof and siding. A laundry room is located on the premises. The motel is positioned within walking distance of local eateries, a grocery store, festivals, a park, and downtown Atlanta. Situated halfway between Gaylord and Alpena, the location offers convenient access to shopping, airports, a marina, and beaches. Atlanta is described as a thriving community on the shores of the Thunder Bay River, near Briley Park, which hosts a fishing dock, kayak and boat launches, music festivals, and the annual Elk Fest. The area is known as a popular vacation and hunting destination, surrounded by approximately 1,000 square miles of state land, lakes, and trout streams. Atlanta is known as the "Elk Capital of Michigan" and hosts the annual Elk Festival each September. The Thunder Bay River, a 75.4-mile river, flows from Atlanta to Alpena and into Lake Huron. The area offers year-round recreation, including kayaking, canoeing, camping, swimming, fishing, hunting, and wildlife viewing. Several lakes are nearby, including Crooked Lake, Clear Lake, and Tomahawk Lake.
Key Highlights
- Established motel with income growth potential and many repeat customers, as evidenced by a website and numerous 5‑star reviews.
- 8 of the 14 units have full kitchens**, suitable for monthly rentals and providing a stable income stream.
- Newer roof and siding, reducing immediate maintenance costs.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49709, MI
3,407
Population
3,763
Households
0.9
Avg Household Size
59
Median Age
15%
College-Educated
89%
High-School Grad
231.8 sq mi
ZIP Area
15
Density / Sq Mi
$49,397
Median Household Income
$25,885
Median Earnings
$718
Median Rent
$132,500
Median Home Value
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Similar Off Market Nearby
- Atlanta Motel — 12520 State St, Atlanta, MI 49709
- Timber Lodge Motel — 13015 M-32 M33, Atlanta, MI 49709
- A-Win-Sands Motel — 11630 Main St, 11630 M-33, Atlanta, MI 49709
Frequently Asked Questions
What type of property is this?
Motel - Motel with income growth opportunity in Atlanta, Michigan.
Where is this motel located?
The property is located at 12520 State St. Atlanta MI Atlanta, MI.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Established motel with income growth potential and many repeat customers, as evidenced by a website and numerous 5‑star reviews.; 8 of the 14 units have full kitchens**, suitable for monthly rentals and providing a stable income stream.; Newer roof and siding, reducing immediate maintenance costs.
