Established Atlanta Motel For
12520 State St. Atlanta MI, Atlanta, MI 49709
Motel with income growth opportunity in Atlanta, Michigan.
Type:Business for Sale, Hospitality
- Added:
- May 8, 2023
- Days on Market:
- 1110
- Last Refresh:
- May 12 at 9:50 pm
Property Features for 12520 State St. Atlanta MI
General Information
- Standard status
- Active
- Property subtype
- Business for Sale, Hospitality
Listing agent Diane McMurphy License #MI 6502390317
Listing office Great Lakes Realty
Listing date May 8, 2023
Source Crexi
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
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.
- Located in Atlanta, the "Elk Capital of Michigan", a popular vacation and hunting destination with year‑round recreational opportunities.
- Proximity to outdoor attractions including 1,000 square miles of state land, lakes, trout streams, and Fletcher Pond (known for its Osprey population).
- Walking distance to local amenities like eateries, a grocery store, festivals, and downtown Atlanta.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Atlanta Motel
Hotel & Motel
Similar Places 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
Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Montmorency
- State
- Michigan
- Longitude
- -84.142661
- Latitude
- 45.004149
Nearby Similar for Sale
FAQs
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 $569,000.
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.
