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About This Home
This 0-bedroom, 6-bathroom commercial at 201 River Street in Elk Rapids, MI is listed for $1,200,000 ($144 per sqft). Built in 1924, the home offers 8,355 sqft of living space on a 0.18 acres lot.
Prime Mixed-Use Historic Property | Downtown Elk Rapids Secure a cornerstone of Elk Rapids history with this versatile mixed-use asset. This 8,355-square-foot building is strategically located on the active River Street corridor, offering high-visibility retail and premium residential components.
*Property Highlights: • Lower Level: ±4,000 sq. ft. of versatile retail space and two dedicated office suites. • Upper Level: Two modern, fully renovated residential units with elevator access. Units are designed with an interconnecting door for flexible leasing configurations.
• Investment Stability: Most of the current tenants are on month-to-month leases, allowing for seamless transition or market-rate adjustments. • Transparency: Full financial disclosures (P&L and Rent Roll) provided upon signed NDA. *Viewing Information: View the Interactive Floor Plan for a realistic view of the interior. All physical tours must be scheduled through the listing agent.
Key Features
- Built in 1924
- 0.18 acre lot
Property Details
Amenities
Monthly Cost Estimate
$6,418/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
201 River Street
Elk Rapids, MI 49629
Property Details
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 6-bathroom commercial at 201 River Street is listed at $1,200,000 ($144/sqft). The estimated monthly payment is $5,200 based on 20% down at 6.5% interest.
Key features include: Built in 1924, 0.18 acre lot.
This property is listed by Erica Foerster and can be reached at 2102868954 or Erica@tfgrealtor.com.