MLS#1945394
STATUSActive
PROPERTY TYPECommercial - Business
SUBDIVISIONMI
Property Description
Located in the heart of downtown Elk Rapids, this rare mixed-use opportunity offers both commercial and residential potential within a historic and character-filled building. Unit #1 features a versatile commercial space currently occupied with potential to re-sign the lease in the fall, along with a charming garden studio apartment (currently rented month to month at $695) and valuable lower-level storage space, creating flexibility for owner-occupants, investors, or entrepreneurs alike. Offered at $549,000, the property is zoned B2, allowing for short-term rentals and a variety of commercial and residential uses. Rich in character, the building showcases timeless architectural details and enjoys an unbeatable downtown location just steps from local shops, restaurants, the marina, and the beach. A unique investment opportunity in one of Northern Michigan???s most vibrant waterfront communities.
Property Features
Property Type: Commercial - Business
Roof Type: Membrane
Year Built: 1900
Feature Descriptions
Business Included: No
Construction: Frame
Days on Site: 5
Exterior: Brick
Heating/Cooling: Forced Air
Parking: Parking Lot, Street Parking
Present Use: Retail Store
Road: Public Maintained
Sewer: Municipal
Water: Municipal Water
Waterfront Type: No
Listed By / Shown By
Listed By
Agency Name: REO-TCRandolph-233022
Agency Phone: 231-946-4040
Shown By
Agent Name: Gretchen Oberdick
Agent Phone: Cell: (419) 779-6834
Agency Title: Key Realty
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Agent License Information: Brokerage/Company License Number: MI-65-05366134
144 River Street, Unit 1 | MLS# 1945394
This commercial property located at 144 River Street, Unit 1, Elk Rapids, MI 49629 is currently listed for sale with an asking price of $549,000. Search Elk Rapids real estate on gretchenoberdick.ikeyrealty.com today.