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About This Home
This 0-bedroom, 0-bathroom commercial at 144 River Street in Elk Rapids, MI is listed for $549,000 ($186 per sqft). Built in 1900, the home offers 2,953 sqft of living space on a N/A lot.
Located in the heart of downtown Elk Rapids, this rare mixed-use opportunity offers both commercial and residential potential within a historic and character-filled building. Unit #1 features a versatile commercial space currently occupied with potential to re-sign the lease in the fall, along with a charming garden studio apartment (currently rent
ed month to month at $695) and valuable lower-level storage space, creating flexibility for owner-occupants, investors, or entrepreneurs alike. Offered at $549,000, the property is zoned B2, allowing for short-term rentals and a variety of commercial and residential uses.
Rich in character, the building showcases timeless architectural details and enjoys an unbeatable downtown location just steps from local shops, restaurants, the marina, and the beach. A unique investment opportunity in one of Northern Michigan’s most vibrant waterfront communities.
Key Features
- Built in 1900
Property Details
Amenities
Monthly Cost Estimate
$2,936/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
144 River Street
Elk Rapids, MI 49629
Property Details
Heating
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 144 River Street is listed at $549,000 ($186/sqft). The estimated monthly payment is $2,379 based on 20% down at 6.5% interest.
Key features include: Built in 1900.
This property is listed by Blake Bernard and can be reached at 2317144787 or blake@bernardgroupmi.com.