Property profile

12520 State St Atlanta MI Atlanta, MI 49709

FOR SALE
Commercial (General)
Property ID
US43-3495268
0.32 ac lot
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Property summary

AI-generated overview

The property is an established motel complex located in Atlanta, Michigan, within walking distance of local eateries, a grocery store, and downtown Atlanta. The motel includes multiple guest units, with eight units equipped with kitchens that are configured for longer-stay use such as monthly rentals. On-site amenities include a laundry room. The motel has had exterior improvements including a newer roof and siding. The package also includes the former Legion Hall, a two-story building with hardwood floors, a kitchen, and associated parking lot. The community of Atlanta is situated on the Thunder Bay River, and Briley Park is nearby, offering a fishing dock, kayak and boat launches, and event facilities such as an annual Elk Fest. Atlanta is located approximately halfway between Gaylord and Alpena, providing regional access to shopping, airports, a marina, and beaches.

Property profile

Verified
Property type Commercial (General)
Lot 0.32 ac (13,939 SF)
APN 003-414-000-008-00
UPID US43-3495268

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
  • Hotel & Motel

Location

12520 State St, Unit Atlanta MI Atlanta, MI 49709
Atlanta metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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