Arterra Realty Logo
$1,200,000
( $143.63Per Sq Foot )
 $6,442 est/mo Sourced by Back At You

201 River Street,Elk Rapids, MI 49629

Elk Rapids, MI 49629

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Description

Prime Mixed-Use Historic Property | Downtown Elk Rapids Secure a cornerstone of Elk Rapids history with this versatile mixed-use asset. This 8,355-square-foot building is strategically located on the active River Street corridor, offering high-visibility retail and premium residential components. *Property Highlights: ⢠Lower Level: ±4,000 sq. ft. of versatile retail space and two dedicated office suites. ⢠Upper Level: Two modern, fully renovated residential units with elevator access. Units are designed with an interconnecting door for flexible leasing configurations. ⢠Investment Stability: Most of the current tenants are on month-to-month leases, allowing for seamless transition or market-rate adjustments. ⢠Transparency: Full financial disclosures (P&L and Rent Roll) provided upon signed NDA. *Viewing Information: View the Interactive Floor Plan for a realistic view of the interior. All physical tours must be scheduled through the listing agent.

Details

MLS #80066177
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusActive
Year1924
Days On Site187
Listing Provided ByREO-TCFront-233021 | Erica Foerster

Features

SQ Feet8,355
ZoningProfessional Office,Commercial
Acreage0.18

Interior

Cooling Yes / NoYes
CoolingCentral Air
Heating Yes / NoYes
HeatingForced Air

Exterior

RoofAsphalt
Construction MaterialsBrick, Frame, Wood Siding
Lot FeaturesCorner Lot

Utilities

UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Other

List AorAspire North REALTORS

Area Information

StateMI
CountyAntrim
CityElk Rapids
Zip Code49629
AreaElk Rapids Twp (05006)
Community NameVillage Of Elk Rapids
Listing VS Median (in Village Of Elk Rapids)
Price:
$1,200,000
low | high
Med:
$579,000
100% of Average
sqft:
8,355
low | high
Med:
2,360
100% of Average
$ / sqft:
$144
low | high
Med:
$245
20.817266949153% of Average
On site:
187
low | high
Med:
16
100% of Average
Sourced by Back At You

Market Activity 49629

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Additional Information

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Learn More About This Property

Arterra Realty

Arterra Realty

 (248) 731-0048marketing@arterrarealty.com
StateMI
CountyAntrim
CityElk Rapids
Zip Code49629
AreaElk Rapids Twp (05006)
Community NameVillage Of Elk Rapids
Listing VS Median (in Village Of Elk Rapids)
Price:
$1,200,000
low | high
Med:
$579,000
100% of Average
sqft:
8,355
low | high
Med:
2,360
100% of Average
$ / sqft:
$144
low | high
Med:
$245
20.817266949153% of Average
On site:
187
low | high
Med:
16
100% of Average
Sourced by Back At You
Listing Updated: September 14, 2026 at 9:15:52 AM PDT
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