Great location 3 blocks from downtown Elk Rapids. Large double lot with 3,475 SF building and 960 SF garage. Zoning is R-2 and commercial use is grandfathered. Current business is moving to a new location. The property will be sold with a deed restriction against funeral homes & related uses for a period of 5 years, so any commercial use would need zoning approval. Possible uses include daycare, senior facility, church, or multifamily, with Village approval. Duplex or 2 single family homes are a use by right. This would also be a great residential conversion with such a large lot close to downtown.
Own a piece of historic Elk Rapids! This fantastic opportunity has endless possibilities in the heart of downtown. The building has two residential units on the upper floor, two office spaces, and approximately 4,000 sq. ft. of retail space on the lower level. There is an elevator in the building allowing access to the upper floor. The residential units are completely updated. These units connect, so they may be combined for renting. All leases are currently month-to-month. Rent Roll and P/L are available with a signed NDA. Agent must be present for all showings. Please see the interactive floorplan for a realistic virtual tour
Location, Location, Location! The key to real estate, right? This building has it. Located in the heart of downtown Elk Rapids, this space has so many possibilities. Sold as a "white box", you can make it your own. A retail store in the middle of town, add living quarters in the back with an alley entrance, or get creative and take advantage of the overhead door to bring the outside (and customers) in! Ceiling height in the front portion of the space is 11 feet. The photos showing a white box are staged photo's and depict the finished look once the drywall is complete. Come take a look and bring your vision to make an amazing downtown even better.
Business Only Sale! Amazing food, awesome inventory, and fantastic clientele! The River Street Market business is for sale! This is your opportunity to become part of thriving downtown Elk Rapids shopping district! River Street Market offers sandwiches, wraps, pizza, cigars and a variety of wines, liquors, and beers which are a hit with locals and tourists alike! Also, novelty candy is a crowd pleaser with the young and young at heart This business offers incredibly versatile featuring a package liquor license included in the sales price. Liquor license permits delivery, catering, and on-site tastings. Just moments from the beaches, marinas, and tennis courts this is an ideal location for walk-in business and delivery options! Owners are excited to help buyers transition into the role if they so wish and will negotiate a separate triple net (NNN) lease for the space. It is respectfully requested that you arrange a private showing and refrain from discussing this listing and/or the business with employees.
The median home value in Elk Rapids, MI is $343,000. This is higher than the county median home value of $281,600. The national median home value is $338,100. The average price of homes sold in Elk Rapids, MI is $343,000. Approximately 43.94% of Elk Rapids homes are owned, compared to 16.16% rented, while 39.9% are vacant. Elk Rapids real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Elk Rapids real estate agent to arrange a tour today!
Elk Rapids, Michigan has a population of 1,438. Elk Rapids is less family-centric than the surrounding county with 11.77% of the households containing married families with children. The county average for households married with children is 21.8%.
The median household income in Elk Rapids, Michigan is $57,452. The median household income for the surrounding county is $60,378 compared to the national median of $69,021. The median age of people living in Elk Rapids is 58.4 years.
The average high temperature in July is 79.9 degrees, with an average low temperature in January of 15.9 degrees. The average rainfall is approximately 31.7 inches per year, with 110.9 inches of snow per year.