See all 71 photos
71 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by REO-TCFront-233021
$1,200,000
Est. payment /mo
6 Baths
8,355 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 8,355 sqft
Price per Sqft $143
MLS Listing ID 1943032
Year Built 1924
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Mixed Use
Property 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.
Location
State MI
Interior
Heating Forced Air, Natural Gas
Exterior
Waterfront Description Public
Roof Type Asphalt,Membrane
Garage false
Building
Foundation Block, Poured Concrete
Sewer Public Sewer
Water Public
Others
Virtual Tour https://tours.bluelavamedia.com/s/201-River-St-Elk-Rapids-MI-49629,https://fusion.realtourvision.com/244035?_gl&#scene8
Read Less Info
Nearby Locations
GET MORE INFORMATION
Kyle O'Grady
Team Leader, REALTOR® | License ID: 6501407456
Team Leader, REALTOR® License ID: 6501407456