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Listed by Century 21 Northland
$1,305,000
Est. payment /mo
4,564 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,564 sqft
Price per Sqft $285
MLS Listing ID 1943836
Year Built 1948
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Retail
Property Description
Rare opportunity to acquire a landmark mixed-use property in the heart of downtown Elk Rapids, Michigan, conveniently located near the harbor. Originally constructed circa 1948 as a bank, this distinctive building retains its historic character, including the original vault, and is now home to the long-standing Mullaly's 128 Gallery. The gallery features the work of over 200 fine artists and craftsmen from across North America, including pieces by the late Bill Mullaly, and offers an impressive collection of pottery, jewelry, original paintings, wood, glass, and other mixed media. Well known among both locals and visitors, the gallery has earned a reputation for its “Outstanding Glass” and one-of-a-kind artistic offerings. The upper level includes a thoughtfully designed owner's residence added by the current owner, offering flexible living space with a generous primary suite featuring a jetted tub and walk-in closet, a large guest bedroom, and a den suitable for a variety of uses, including a potential non-conforming third bedroom. One wood-burning fireplace is located within the residence, while a second adds character and ambiance to the gallery addition. The residence also features a spacious private deck, ideal for outdoor living, with views toward the harbor. Additional amenities include a two-car garage and a fenced outdoor area. This offering includes both the real estate and the business, presenting a unique opportunity in a prime downtown location. Inventory will be transferred via a separate bill of sale. To maintain privacy and professional standards, the property is shown by appointment only. Prospective buyers can review local zoning details via the Elk Rapids Village website to explore the full potential of this location.
Location
State MI
Rooms
Basement Full
Interior
Heating Forced Air, Natural Gas, Wood
Exterior
Waterfront Description Public
Roof Type Membrane
Garage true
Building
Foundation Block, Other, Stone
Sewer Public Sewer
Water Public
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Kyle O'Grady
Team Leader, REALTOR® | License ID: 6501407456
Team Leader, REALTOR® License ID: 6501407456