406 HWY 11 623, Atikokan - Business for Sale
406 HWY 11 623, Atikokan, Ontario, P0T1C0
This business in Atikokan is for sale. It has been on the market 167 days, fresher than the Atikokan average of 192 days.
Description
Here's your opportunity to own a thriving business in the heart of lake country! This exceptional property offers an impeccably maintained 8-room motel, complete with a cozy 28-seat diner featuring a professional kitchen, men's & women's bathrooms, office, staff bedroom & bath, and storage area. Additionally, the updated upper owner's residence provides stunning views of Niobe Lake, offering a peaceful retreat after a day of business operations. Three spacious cabins with kitchenettes, woodstoves, and decks for BBQing provide additional accommodations for guests seeking a rustic getaway. Situated on the corner of Highway 623 and 11, halfway between Thunder Bay, Ontario, and International Falls, MN, this property enjoys prime visibility on the Trans-Canada Highway. The motel rooms boast picturesque views of Niobe Lake, with boats and kayaks available for guest use, making it a haven for outdoor enthusiasts. With modern, crisp, clean rooms and large contracts ensuring 100% occupancy starting this fall, this business is set for success. Don't miss this exclusive opportunity to own a slice of paradise with exclusive waterfront access and endless potential for growth! Visit www.century21superior.com for more info & pics. (id:66096)
Property Details
- MLS®
- X13250798
- Property Type
- Business
- Business Type
- Accommodation
- Lot Size
- 1.12 acres
- Frontage
- 200 ft
- Basement
- Crawl space
- Heating
- Electric, Wood, Other
- Cooling
- Fully air conditioned
- Waterfront
- Yes
- Property Tax
- $1,500/yr
- Listed
- 167 days ago
Features
- Foundation
- Poured Concrete
Services
- Sewer
- Septic System
- Utilities
- Telephone, Electricity Connected
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 167 days on market, against an average age of 192 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 101 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 85.3 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Atikokan has been listed for 167 days, which is 25 days fresher than the city average of 192. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (P0T)
This home lists at $899,900, about 11.7× the local median household income of $77,000.
Carrying it typically needs a household income of about $175,782 (20% down, 25-yr amortization, stress-tested) — roughly 128% above the area median.
- Median household income
- $77,000
- Population
- 32,000
- Median age
- 45.6
- Owner / renter
- 84% / 16%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA P0T)
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$899,900
Atikokan