$1,174,000

151 River Street, Elk Rapids MI, 49629

Price per sqft$210.39

Built in1925

Property size5,580 sqft

Property typeCommercial

Listed by Alex MacKenzie with Coldwell Banker Schmidt Traverse City Listing Contact: 231-499-0529

Overview

Active

Active U/c Taking Backups

Listed Oct 24, 2025

Updated 2 weeks ago

Prime 5,580 SF single-tenant restaurant building located in the heart of Downtown Elk Rapids. This recently remodeled property features a high-end commercial kitchen, quality interior finishes, and a welcoming outdoor patio area. The inside can accommodate ~100+ guests between dining room and bar seating, and a beautiful patio out front features seating for about 40 more. Positioned along River Street, the town’s main commercial corridor, it offers excellent visibility and foot traffic. The layout supports full-service dining with an efficient back-of-house design, making it ideal for an owner/operator or investor seeking a premium hospitality property. Street parking is available directly in front, with additional public parking nearby. FF&E and liquor license are available and may be negotiated separately. This is a rare opportunity to acquire a fully equipped, turn-key restaurant property with outdoor dining in one of Northern Michigan’s most desirable downtown markets.

Additional information

MLS^® ID: 1939910

Interior Features

Bathrooms: 2
Cooling: Yes
Heating: Yes
Basement: Yes

Exterior Features

Lot Size: 0.18 Acres

Other Property Details

Association Fee Frequency: Yearly
Furnished: Yes

Listed by Alex MacKenzie with Coldwell Banker Schmidt Traverse City
Listing Contact: 231-499-0529

The IDX display contains information sourced from the Northern Great Lakes REALTORS® MLS as of 9/1/2026. 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 9/1/2026 at 4:42 AM UTC