Property profile

12434 State St Atlanta, MI 49709

OFF-MARKET
Commercial real estate
Property ID
US43-2817496
0.12 ac lot Built 1933
Individually Owned Free & Clear
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Property summary

AI-generated overview

This thriving, turnkey bar and restaurant in Atlanta, Michigan, is offered at $350,000. Boasting 5,300 square feet on a 0.12-acre lot (APN 003-410-000-005-00), this single-story building features a resort liquor license and a loyal customer base. The menu includes pizzas, sandwiches, Broaster Chicken, and burgers, prepared with equipment including a Lincoln Pizza Conveyor Oven, grill, fryer, and Broaster Chicken machine. Ample storage is provided by a large walk-through cooler and chest freezer. The establishment includes seating for up to 85 patrons, enhanced by three large TVs, a sound system, DJ booth, jukebox, dart board, pull-tab machine, and Keno. Outdoor enjoyment is offered via a sand-filled backyard with three picnic tables. The building's exterior is Permalog maintenance-free. This commercial property, located in an Opportunity Zone, presents a unique investment opportunity for an owner/user. The permitted zoning is commercial.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1933
Lot 0.12 ac (5,227 SF)
APN 003-410-000-005-00
UPID US43-2817496

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Loan Service

Location

12434 State St Atlanta, MI 49709-9635
Atlanta metro Census 910200
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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