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    12601 State St Atlanta, MI 49709
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    Property profile & analytics

    12601 State St, Atlanta, MI 49709

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    • Commercial real estate
    • 1,200 SF
    Off-Market
    Property ID
    US43-3942770
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Helens Cut & Curl / Hair Salon / Nail Salon
    • Dano's Diner & Drive thru / Restaurant

    Property Details for 12601 State St

    Property type
    Commercial real estate

    Description

    This turnkey restaurant opportunity in downtown Atlanta, Michigan is priced at $159,000. The 1,200 square foot space is located on M-32, ensuring high visibility and convenient access for customers. The property is currently operating as Dano's Diner & Drive Thru, a well-established business offering a diverse menu including lunch, dinner, and seasonal ice cream options. The sale includes all necessary equipment to continue operations immediately, eliminating the need for significant upfront investment in furnishings or kitchen appliances. This comprehensive package includes tables and chairs, a fully equipped kitchen with a commercial hood, grill, pizza ovens, and ample refrigeration. The business benefits from its established customer base and proven operational model, presenting a compelling opportunity for an entrepreneur seeking a ready-to-run restaurant venture. The property is situated at 12601 State Street, Atlanta, MI 49709, in Montmorency County. This is an exceptional chance to acquire a profitable, established business with minimal start-up costs and immediate revenue potential. The location offers excellent visibility and accessibility, making it an ideal investment for a seasoned restaurateur or a first-time business owner.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Montmorency
    State
    Michigan
    Longitude
    -84.1410168
    Latitude
    45.0039935

    Comparable in this City

    • New
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      Thriving Deli in Atlanta, MI

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      1,800 SF

      Prime Retail Opportunity in Atlanta

      Turnkey retail business opportunity in a high-traffic Northern Michigan location.
      12430 State St, Atlanta, MI 49709
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    • $135,000
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      Prime Retail Space in Atlanta, MI

      Turnkey Retail Business, Main Street Location
      12430 State St, Atlanta, MI 49709
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    • $199,900
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      Prime Retail Space, Atlanta, MI

      High-traffic location, 6,580 sq ft.
      12374 State St, Atlanta, MI 49709
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    • $95,000
      1,680 SF

      Atlanta Retail Storefront on M-32

      Remodeled 1680 SF retail space with high visibility.
      12430 State St, Atlanta, MI 49709
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    • $52,900
      7.90 Acres

      Vacant Land Near Atlanta, MI

      7.9 acres of vacant land ideal for cabin or home.
      4 Sturgis Rd, Atlanta, MI 49709
      View Details

    Similar Nearby for Sale

    • New
      $210,000
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      Thriving Deli in Atlanta, MI

      Successful deli in the Elk Capital of Michigan for sale.
      11450 M-33, Atlanta, MI 49709
      View Details
    • Contact for pricing
      1,800 SF

      Prime Retail Opportunity in Atlanta

      Turnkey retail business opportunity in a high-traffic Northern Michigan location.
      12430 State St, Atlanta, MI 49709
      View Details
    • $135,000
      1,800 SF

      Prime Retail Space in Atlanta, MI

      Turnkey Retail Business, Main Street Location
      12430 State St, Atlanta, MI 49709
      View Details
    • $199,900
      6,580 SF

      Prime Retail Space, Atlanta, MI

      High-traffic location, 6,580 sq ft.
      12374 State St, Atlanta, MI 49709
      View Details
    • $95,000
      1,680 SF

      Atlanta Retail Storefront on M-32

      Remodeled 1680 SF retail space with high visibility.
      12430 State St, Atlanta, MI 49709
      View Details
    • $52,900
      7.90 Acres

      Vacant Land Near Atlanta, MI

      7.9 acres of vacant land ideal for cabin or home.
      4 Sturgis Rd, Atlanta, MI 49709
      View Details
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    Atlanta, MI 49709
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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