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Listed price in listed location currency (USD).
$1,200,000

060

MLS® 1943032

Overview

Key Facts

Type Mixed Use
Levels Commercial Sale
Size 8355 sqft
Garage 
Taxes 
Days Active 193
Lot Size 0.18 Acres
Approx. Age 1924
Avg. Price Per Sqft $143
MLS® Number 1943032

Property Address: 201 River St, Elk Rapids, MI, 49629-9605

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number1943032
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1924
Basement
DrivewayOn Street, Other
Garage Spaces
HeatForced Air, Natural Gas
A/CCentral Air, Ductless, Electric, Multi Units

Extras

Price History

Last Sold Price

$1,300$1.3K

Appreciation

--

Avg. Days Listed

108 days

Today, For Sale for $1,200,000

For Sale · 192 days

$1,200,000

MLS® 1943032

6 months ago

Not Sold Yet

September 2026, For Rent for $1,800

For Rent · 13 days

$1,800

MLS® 1950471

14 days ago

Not Leased Yet

March 2026, For Sale for $1,200,000

For Sale · 192 days

$1,200,000

MLS® 1943032

6 months ago

Not Sold Yet

April 2025, Leased for $1,300

1927081-d73f5dc1-4a49-460b-b87e-a6b7154bc642.JPG
Leased · 202 days

$1,300$1,325

MLS® 78080050565

A year ago

Sold on Apr 4, 2025

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