About This Home

This 0-bedroom, 0-bathroom commercial at 144 River Street in Elk Rapids, MI is listed for $499,000 ($169 per sqft). the home offers 2,953 sqft of living space on a N/A lot.

Listing Description

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 $499,000, 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.

Monthly Cost Estimate

$2,669/mo

20% down · 6.5% · 30 years

Principal$361

Interest$2,162

Insurance$146

Estimates only. Actual payments may vary.

Location

144 River Street

Elk Rapids, MI 49629

Features & Amenities

Exterior Features

Brick

Property Details

Construction

Frame

Parking

Parking Lot

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 144 River Street is listed at $499,000 ($169/sqft). The estimated monthly payment is $2,669 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Exterior Features: Brick.

This property is listed by Blake Bernard.

Blake Bernard

Agent at Real Estate One

144 River Street, Elk Rapids, MI 49629