Elk Rapids MI Commercial for Sale

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Type:
Mixed Use
Sq.Ft.:
3,475
Status:
Active
Beds:
n/a
Lot size:
0.4 Acres
Year built:
1947
Baths:
2.00
MLS#:
1927448
Subdivision:
Na

ADDITIONAL INFORMATION

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.

Type:
Industrial
Sq.Ft.:
8,355
Status:
Active
Beds:
n/a
Lot size:
0.18 Acres
Year built:
1924
Baths:
MLS#:
80050564
Subdivision:
Village Of Elk Rapids

ADDITIONAL INFORMATION

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

Type:
Industrial
Sq.Ft.:
2,176
Status:
Active
Beds:
n/a
Lot size:
0.08 Acres
Year built:
1910
Baths:
MLS#:
80047402
Subdivision:
Village Of Elk Rapids

ADDITIONAL INFORMATION

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.

Type:
Business Opportunities
Sq.Ft.:
2,420
Status:
Active
Beds:
n/a
Lot size:
0.12 Acres
Year built:
1910
Baths:
MLS#:
80015956
Subdivision:
Village Of Elk Rapids

ADDITIONAL INFORMATION

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.

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Andrea D. Conner, License 6502432340, Xome Inc., License 6505376883, [email protected], 844-400-XOME (9663), 71 Walnut, Suite 206, Rochester, MI 48307

The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright© Northern Great Lakes REALTORS® MLS. All Rights Reserved.

Andrea D. Conner, License 6502432340, Xome Inc., License 6505376883, [email protected], 844-400-XOME (9663), 71 Walnut, Suite 206, Rochester, MI 48307


Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.



Elk Rapids Real Estate

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.

Elk Rapids Weather

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.

Elk Rapids Real Estate Market Conditions

  • Median sales price

    $343,000
    19.8% change since last quarter
  • # Active listings

    63
    30-day change

Elk Rapids Schools and Demographics

Education near Elk Rapids, MI

Metric City County
High School Graduates 96.81 93.12
College Degree - 2 year 12.24 9.92
College Degree - 4 year 41.47 29.99
Graduate Degree 13.36 8.29
Expenditures per Student 12,489 12,489
Students per Teacher 16.3 16.3

Elementary Schools near Elk Rapids, MI

School Grades Students P/T Ratio ZIP
Cherry Knoll Elementary School PK - 05 377 17.9 49686
Courtade Elementary School PK - 05 309 15.5 49686
Eastern Elementary School PK - 05 296 23 49686
International School At Bertha VOS PK - 05 57 12.7 49690
John R Rodger Elementary School KG - 05 144 14.7 49615
Lakeland Elementary School PK - 05 373 19.3 49629
Mill Creek Elementary School PK - 05 211 19.4 49690
Old Mission Peninsula School PK - 05 165 19.4 49686
Rapid City Elementary School KG - 05 79 11.6 49676
Traverse Heights Elementary School PK - 05 223 12.6 49686
Woodland School KG - 08 201 17.1 49686

Middle Schools near Elk Rapids, MI

School Grades Students P/T Ratio ZIP
Cherryland Middle School 06 - 08 307 20.9 49629
East Middle School 06 - 08 860 20.5 49686

High Schools near Elk Rapids, MI

School Grades Students P/T Ratio ZIP
Bellaire Middle/High School 06 - 12 235 17.8 49615
Central High School 09 - 12 1,494 22 49686
Elk Rapids High School 09 - 12 405 20.2 49629
Traverse City High School 06 - 12 210 26.9 49686

Ungraded Schools near Elk Rapids, MI

School Grades Students P/T Ratio ZIP
* Adult Work Center 11 - 12 48 2.2 49686
* Sunrise Academy 09 - 12 27 27 49629
Grand Traverse Academy KG - 12 1,203 18.2 49686
TBA ISD Oak Park Special Education 01 - 12 56 3.5 49686
TBA ISD Traverse Heights KG - 12 88 12.9 49686

Demographics near Elk Rapids, MI

Metric City County
Neighborhood Type Small Town
Population 1,438 23,427
Population Density 872 49
Median Age 58.4 51.6
People per Household 2 2.3
Median Household Income 57,452 60,378
Average Income per Capita 40,882 33,621