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$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

$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

$600,000
3 Beds 3 Baths 1915917 MLS N/A BLDG.
RARE OPPORTUNITY- this property currently with two rental units and a third accessory structure offers additional possibilities! The main house on the corner of River Street and Spruce offers 2BR, 1.5BA. Sooo charming, wrap-around enclosed porch, absolutely adorable decor, wood floors, spacious living room, eat-in kitchen, laundry and central air. Smaller unit offers 1BR (easily 2), 1BA, large kitchen, living room, high ceilings great for potential for enhancements and increased revenue. Great location in the quaint waterside Village of Elk Rapids. Water views overlooking Grand Traverse Bay, directly across from the beautiful park, tennis courts, spectacular sand beach and just a short walk to shopping, dining, cinema and all the downtown amenities.

311 River Street, Elk Rapids