View All Latest Elk Rapids 4000+ Sq. Ft. Properties for Sale

1943836 MLS ⋅ H H Nobles Add To Elk Rapids BLDG.

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.

128 River Street, Elk Rapids

$1,200,000

6 Baths ⋅ 1943032 MLS ⋅ Village Of Elk Rapids BLDG.

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.

201 River Street, Elk Rapids

$1,250,000

1940250 MLS

Introducing 222 Industrial Park, a prime industrial opportunity in Elk Rapids, MI. This impeccably maintained 18,483 SF building, constructed in 2000, offers a strategic location for manufacturing and industrial operations as well as direct waterfrontage on Bass Lake. Currently a clean manufacturing space, the building boasts heavy power, ample space for production, storage, and office needs. This facility is equipped to support diverse industrial/manufacturing users. With its modern construction and favorable zoning, this property presents an exceptional investment for industrial businesses seeking a reliable, turnkey solution for their operations.

222 Industrial Park Drive, Elk Rapids

$1,174,000

2 Baths ⋅ 1939910 MLS ⋅ N/A BLDG.

Prime 5,580 SF single-tenant restaurant building located in the heart of Downtown Elk Rapids. This recently remodeled property features a high-end commercial kitchen, quality interior finishes, and a welcoming outdoor patio area. The inside can accommodate ~100+ guests between dining room and bar seating, and a beautiful patio out front features seating for about 40 more. Positioned along River Street, the town’s main commercial corridor, it offers excellent visibility and foot traffic. The layout supports full-service dining with an efficient back-of-house design, making it ideal for an owner/operator or investor seeking a premium hospitality property. Street parking is available directly in front, with additional public parking nearby. FF&E and liquor license are available and may be negotiated separately. This is a rare opportunity to acquire a fully equipped, turn-key restaurant property with outdoor dining in one of Northern Michigan’s most desirable downtown markets.

151 River Street, Elk Rapids

$6,859

2 Baths ⋅ 1939911 MLS ⋅ N/A BLDG.

Prime 5,580 SF single-tenant restaurant space located in the heart of Downtown Elk Rapids. This recently remodeled property features a high-end commercial kitchen, quality interior finishes, and a welcoming outdoor patio area. The inside can accommodate ~100+ guests between dining room and bar seating, and a beautiful patio out front features seating for about 40 more. Positioned along River Street, the town’s main commercial corridor, it offers excellent visibility and foot traffic. The layout supports full-service dining with an efficient back-of-house design, making it ideal for an experienced operator seeking a premium hospitality location. Street parking is available directly in front, with additional public parking nearby. FF&E and liquor license are available and may be negotiated separately. This is a rare opportunity to lease a fully equipped, turn-key restaurant space with outdoor dining in one of Northern Michigan’s most desirable downtown markets. $15/SF NNN.

151 River Street, Elk Rapids

$699,900

6 Beds ⋅ 5 Baths ⋅ 1938794 MLS ⋅ Dexter & Noble BLDG.

This stunning 6 bed 5 bath residence in Elk Rapids is an extraordinary find. The main home provides abundant space for a large family, while 2 attached apartment units offer ready-made income stream or private housing for extended family. Beautiful corner lot with mature trees, deck and fire pit, perfect for outdoor entertaining. Situated in the heart of Elk Rapids, only blocks away from downtown, Grand Traverse Bay and Elk Lake. Only 10 miles from Traverse City regional airport for easy travel. Don't miss this opportunity for comfortable, versatile living in a quaint, historic, and vibrant community.

503 W Second Street, Elk Rapids

$625,000

2 Baths ⋅ 1935286 MLS ⋅ Historic Elk Rapids Town Hall BLDG.

Historic Elk Rapids Town Hall. Built in 1883 and first time on the market to the public. This iconic building on River Street has 21 foot tall ceilings. Originally the Town Hall, this architectural gem boasts stunning original tin ceilings, a dramatic stage, arched windows, a service bar, and a charming balcony overlooking the grand main hall. The spacious full basement offers additional potential development with some partitioned areas and an additional bathroom. Located directly across the street from a public beach, tennis courts, and a beautiful park, the property offers unmatched recreational access while being steps from all the activity of downtown. Whether you're envisioning a distinctive private residence, an elegant event venue, or a creative mixed-use space, this property will get your imagination going. Current zoning is Public, but will most likely be rezoned R2. Leased through December 31, 2025

401 River Street, Elk Rapids

$3,000,000

6 Beds ⋅ 7 Baths ⋅ 1930891 MLS ⋅ N/A BLDG.

Indulge in the pinnacle of waterfront living with this exquisite Lake Michigan estate, boasting over 350 feet of pristine shoreline and breathtaking sunset views. Perfectly positioned on a private point, just four blocks from charming downtown Elk Rapids. This magnificent 5-bedroom, 6.5-bathroom home is a masterclass in timeless elegance and modern luxury. The opulent primary suite features a private balcony with sweeping lake views, while all en-suite bedrooms offer heated flooring for ultimate comfort. Multiple living spaces cater to both relaxation and grand entertaining. At the heart of the home lies a chef’s dream kitchen, outfitted with a Viking gas range, brand-new Sub-Zero refrigerator, Kirkstone countertops, and custom cherry cabinetry. Additional highlights include a stately library, and a private mother-in-law apartment with an en-suite bedroom, office, and kitchenette. Step outside to discover a lakeside paradise. A private dock and stone launch ramp provide seamless access to the water, while an expansive deck, screened-in gazebo, and stone fire pits set the stage for unforgettable outdoor moments. Stroll along professionally landscaped stone pathways that wind through lush gardens and multiple patio spaces. The oversized two-car garage adds convenience, while the extensive outdoor spaces cater to recreation and relaxation alike. Meticulously maintained and thoughtfully upgraded, this estate has served as both a cherished family home and a popular Bed & Breakfast. Recent enhancements include a new roof, furnace, central A/C, Sub-Zero refrigerator, exterior staining, and expanded deck and patio areas. Offering privacy, panoramic views, and an array of luxurious amenities, this one-of-a-kind property is perfect as a year-round residence, an exclusive lakeside getaway, or a turnkey investment opportunity. Seller is open to working with any buyer interested in continuing the Bed & Breakfast operation.

106 Oak, Elk Rapids

$1,020,000

1926879 MLS ⋅ Na BLDG.

Prime River Street location in Elk Rapids with 944 SF retail/office space & 3 two-bedroom apartments. The First floor has a vacant professional office on street side that could be converted back to retail and an apartment behind it with a deck facing the river and marina. The apartment is nicely remodeled with 2 bedrooms, 2 bathrooms and partially finished basement. Currently rented for $2300/mo. 2nd floor consists of 2 apartments, both 2-bed 1-bath. Street side is remodelled and rented for $1600/mo and river side is original and rented for $1500/mo. Tenants pay their own utilities. Showing times may be limited and must have 24-48 hours' notice.

140 River Street Unit A-C, Elk Rapids

$2,600

3 Baths ⋅ 1921999 MLS ⋅ Na BLDG.

Great lease rates for this warehouse space in Elk Rapids! Building was purchased for the future ER library, but space is available to lease until fund raising and plans are complete. 1-2 year lease preferred, but terms are negotiable. I-1 Light Industrial zoning allows for a variety of manufacturing, wholesaling, and warehousing uses. 3-phase, 440 volt electric available. The building has 3 separate manufacturing areas totaling 8,000 SF, 12’ ceilings, 10’x10’ overhead door, and up to 3,000 SF of shared office space. There is plenty of parking and the building is fully accessible with a gravel driveway surrounding the building. Smaller spaces may be leased for $4.50/SF.

8980 Cairn Highway, Elk Rapids

$500,000

2 Baths ⋅ 1914809 MLS ⋅ Village Of Elk Rapids BLDG.

Looking for a unique opportunity in the popular Elk Rapids community? Look no further! For the first time in 50 years the movie theater in Elk Rapids is for sale! This big band era building abounds with classic style including bilateral curved stair cases, bow-tie style lights, original ticket booth window, and a cry room. The theater ceiling was modernized and now is home to the worlds largest black light ceiling mural. Theater seats 300 per showing. Sale includes the real estate and business with all the equipment/fixtures required for day to day operations. This prime location is ideal for continuing operation or new creativity! *Theater is open daily, we kindly ask you do not approach staff about business operations or sale.

205 River Street, Elk Rapids

$850,000

4 Beds ⋅ 6 Baths ⋅ 1910265 MLS ⋅ Metes And Bounds BLDG.

INVESTMENT RESIDENTIAL PROPERTY – Located just two miles from ELK RAPIDS with views of ELK LAKE. Incredible opportunity to work where you live! Formally used as a Bed & Breakfast and is now used as a Short-Term Rental. Home is move-in-ready, as it is sold fully furnished. Hardwood flooring, open kitchen, gas fireplace, sunroom, main floor master, beautiful staircase, large covered front porch and more. This Colonial Style home boasts 4 bedrooms all with private baths and a non-conforming private 5th bedroom/bathroom in the lower. Attached 2-car garage and additional detached garage with extra living space plus additional storage. Large yard with countryside views and inviting paved circular driveway. Ample space in lower level for entertaining. A large, detached garage. This home offers so many opportunities for the creative minded person. Elegance, charm, comfort…the perfect combination! Currently being run as an income property - NOW TAKING RESERVATIONS FOR THE 2024 SEASON!

8160 Cairn Highway, Elk Rapids

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