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$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
$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
$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