201 River Street, Elk Rapids MI 49629 Photo 1 201 River Street, Elk Rapids MI 49629 Photo 2 201 River Street, Elk Rapids MI 49629 Photo 3 201 River Street, Elk Rapids MI 49629 Photo 4 201 River Street, Elk Rapids MI 49629 Photo 5 201 River Street, Elk Rapids MI 49629 Photo 6 201 River Street, Elk Rapids MI 49629 Photo 7 201 River Street, Elk Rapids MI 49629 Photo 8 201 River Street, Elk Rapids MI 49629 Photo 9 201 River Street, Elk Rapids MI 49629 Photo 10 201 River Street, Elk Rapids MI 49629 Photo 11 201 River Street, Elk Rapids MI 49629 Photo 12 201 River Street, Elk Rapids MI 49629 Photo 13 201 River Street, Elk Rapids MI 49629 Photo 14 201 River Street, Elk Rapids MI 49629 Photo 15 201 River Street, Elk Rapids MI 49629 Photo 16 201 River Street, Elk Rapids MI 49629 Photo 17 201 River Street, Elk Rapids MI 49629 Photo 18 201 River Street, Elk Rapids MI 49629 Photo 19 201 River Street, Elk Rapids MI 49629 Photo 20 201 River Street, Elk Rapids MI 49629 Photo 21 201 River Street, Elk Rapids MI 49629 Photo 22 201 River Street, Elk Rapids MI 49629 Photo 23 201 River Street, Elk Rapids MI 49629 Photo 24 201 River Street, Elk Rapids MI 49629 Photo 25 201 River Street, Elk Rapids MI 49629 Photo 26 201 River Street, Elk Rapids MI 49629 Photo 27 201 River Street, Elk Rapids MI 49629 Photo 28 201 River Street, Elk Rapids MI 49629 Photo 29 201 River Street, Elk Rapids MI 49629 Photo 30 201 River Street, Elk Rapids MI 49629 Photo 31 201 River Street, Elk Rapids MI 49629 Photo 32 201 River Street, Elk Rapids MI 49629 Photo 33 201 River Street, Elk Rapids MI 49629 Photo 34 201 River Street, Elk Rapids MI 49629 Photo 35 201 River Street, Elk Rapids MI 49629 Photo 36 201 River Street, Elk Rapids MI 49629 Photo 37 201 River Street, Elk Rapids MI 49629 Photo 38 201 River Street, Elk Rapids MI 49629 Photo 39 201 River Street, Elk Rapids MI 49629 Photo 40 201 River Street, Elk Rapids MI 49629 Photo 41

No driving directions were found. Please adjust your search.

201 River Street - Beautifully restored historic brick building on a corner lot in downtown Elk Rapids, mostly leased, showing good income. Property also has the best vacant parcel in downtown Elk Rapids. Room to expand. Front offices have a beautiful view of the Elk Rapids marina & E Grand Traverse Bay. Suitable for a variety of commercial uses: medical, office, retail, etc. The northernmost 2nd floor 1,500 sq ft unit is currently vacant. It would make for a great commercial space for someone or could even be converted to that always hard to find downtown residential condo with water views! Appraised in 2012 for $780,000. Current tenants: 780 sq ft main floor tenant Edward Jones leases for $1,200/month, current lease expires 8-31-2017. 850 sq ft upstairs tenant Manning Tax Service/Harry Dickson leases for $1,250/month, current lease expires 12-31-2016. 4,300 sq ft main floor tenant Harbor Antiques leases for $4,500/month on a month to month basis but will sign a long term lease if desired.

Listing information

  • MLS® ID: 1814842
  • Year Built: 1924
  • Parking Type Description: Other 0 cars
  • Total Square Footage: 8,355 ($95.15 per sq. foot)
  • County: Antrim
  • Property ID: 103939304
  • Status: Active
  • New Construction: No
  • Lot Area: 0.18
  • Style: Commercial
  • Stories: 0
  • Foreclosure: No
  • Lot Size: 69.3x115.7

Features

Business Incl No
CONSTRUCTION Brick
Deeded Waterfront No
DOCUMENTS ON FILE Other
ECO Features No
Exterior Features Brick
Extras Elevator
FOUNDATION Partial
HEATING/COOLING SOURCE Mutiple Units, Natural Gas
HEATING/COOLING TYPE Central Air, Forced Air
Inventory Incl No
LICENSES None
LOCATION Corner Lot
Other Business Name - None, Development Name - Village of Elk Rapid, Year Remodeled - 2001
Parking Other
Possession Negotiable, Subject To Tenants Rights
PRESENT USE Medical/Dental, Office Building, Retail Store
Real Estate Incl Yes
ROAD Blacktop, Public Maintained
Roof Asphalt, Membrane
Terms Cash, Commercial Loan
UNIVS DESIGN/BARRIER FREE Other
Utilities / Sewer Municipal
Vacant Land No
Water Municipal Water
ZONING Commercial, Office, Restaurant/Food, Retail
Listed by Stireman Team of Coldwell Banker Schmidt REALTORS 231-922-2350