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10456 S US-31 S, Elk Rapids
$850,000
4 Baths ⋅ 1950828 MLS ⋅ Metes And Bounds BLDG.
ELK RAPIDS – RARE OPPORTUNITY! This multi-unit property has been extensively redone, exterior siding, roof, windows, mini-splits, electrical, freshly landscaped grounds, including a wonderful fire pit and so much more!!! Currently four units with the potential for an additional 4 on this large parcel! Interiors are ready for the next owner to finish as they desire! Fabulous location, just outside the Village of Elk Rapids, allowing short-term rentals, yet walkable to beaches and the downtown amenities! Perfect for an investor or on-site resident! $850,000

10456 S US-31 S, Elk Rapids
917 S Bayshore Drive, Elk Rapids
$1,750,000
1950229 MLS ⋅ Paradise Pines BLDG.
A piece of Northern Michigan history, reimagined for what's next. Tucked along Elk Rapids' bayside, Paradise Pines Resort is a rare offering: a beautifully restored 1938 cottage court spread across five wooded acres, just steps from the water. Directly across the street, Elk Rapids Day Park offers public beach access along a quarter-mile of East Grand Traverse Bay shoreline. Ten individual cottages, each with its own character, have been completely transformed from the ground up. New flooring, electrical, and plumbing throughout. Furniture and decor sourced from repurposed materials, giving every space warmth and story in equal measure. Nine cottages are currently in the rental program, ranging from a cozy 160-square-foot efficiency to a spacious two-bedroom retreat, together capable of hosting up to 28 guests. A shared fire pit, group dining area, and lawn space for games round out the property, creating the kind of communal, laid-back atmosphere that turns first-time guests into regulars. The owners' residence sits on-site as well, with five acres offering plenty of room to grow, whether that means additional cottages, expanded gathering spaces, or new amenities altogether. This is more than a vacation rental. It's a turnkey business with deep roots in the community, established goodwill, and real upside for the right owner. For the right buyer, Paradise Pines represents a rare chance to own a piece of Elk Rapids' history, and build onto its next chapter.

917 S Bayshore Drive, Elk Rapids
10456 S US-31, Elk Rapids
$325,000
4 Baths ⋅ 1927844 MLS ⋅ Elk Rapids BLDG.
Unlock the potential of this 4-plex multifamily investment home in beautiful Elk Rapids! Once a booming motel, this building has now been turned into a multi-unit apartment complex providing an excellent opportunity for both seasoned investors and first-time buyers looking to enter the multifamily market. Currently fully occupied with long-term tenants, this property has a proven track record of generating reliable rental income. Ideal for investors looking for immediate cash flow. Conveniently located in walking distance to the Elk Rapids day park, biking distance to downtown Elk Rapids with various shops and restaurants, and a quick drive into Acme. Its prime location ensures high demand for rentals. This multifamily home is not just a property; it’s an investment in your future! Whether you're looking to expand your real estate portfolio or start your journey in multifamily investments, this opportunity is not to be missed.

10456 S US-31, Elk Rapids
719 Ames Street, Elk Rapids
$307,000
2 Baths ⋅ 1921319 MLS ⋅ Metes And Bounds BLDG.
Charming Duplex in the Village of Elk Rapids. Each unit has 2 bedrooms and one bath. Excellent rental opportunity. Adorable setting with mature hardwoods and views of the Elk Rapids Golf Course and a large back yard and two storage sheds. Enjoy all the amenities of the quaint Village, restaurants, galleries, beaches, all the Charm that is Elk Rapids.

719 Ames Street, Elk Rapids

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