$1,200,000

201 River Street, Elk Rapids MI, 49629

Price per sqft$143.63

Built in1924

Property size8,355 sqft

Property typeCommercial

Listed by Erica Foerster with REO-TCFront-233021 Listing Contact: 210-286-8954

Overview

Active

Listed Jun 13, 2026

Updated 11h ago

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.

Additional information

MLS^® ID: 1943032

Interior Features

Bathrooms: 6
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.18 Acres

Other Property Details

Association Fee Frequency: Yearly

Listed by Erica Foerster with REO-TCFront-233021
Listing Contact: 210-286-8954

The IDX display contains information sourced from the Northern Great Lakes REALTORS® MLS as of 9/15/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 9/15/2026 at 4:03 AM UTC