12520 State St Atlanta, MI 49709
- Commercial real estate
- 0.32 lot acres
Current Use by Public Records
- Atlanta Motel / Motel / Hotel
Property Details for 12520 State St
- Lot size
- 0.32 lot acres
- Property type
- Commercial real estate
- APN
- 003-414-000-008-00
- APU
- 341400000800
Description
This exceptional investment opportunity presents a well-established motel complex located at 12520 State Street in Atlanta, Michigan. The property boasts a proven track record of success, built upon a loyal customer base evidenced by numerous positive online reviews. The motel features a mix of units, eight of which include kitchens, offering the potential for both short-term and monthly rentals, expanding income streams. Recent upgrades include a newer roof and siding, ensuring long-term value and reduced maintenance costs. On-site laundry facilities add to the convenience for guests. Beyond the motel itself, this property includes a former Legion Hall, presenting additional development or rental possibilities. The main building is a two-story structure with hardwood floors and a functional kitchen. Ample parking is available. The property's prime location in downtown Atlanta offers easy access to local amenities, including restaurants, a grocery store, and other essential services. Its strategic position midway between Gaylord and Alpena provides convenient access to larger shopping centers, airports, a marina, and beautiful beaches. This combination of established income, upgrade potential, and desirable location makes this a compelling investment opportunity in a community with a clear need for affordable housing options. The property is being offered at $569,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Montmorency
- State
- Michigan
- Longitude
- -84.1425
- Latitude
- 45.0044
