For Sale
144 River Street, Elk Rapids, MI 49629
$549,000
MLS # 1945394 (Northern Great Lakes REALTORS® MLS)
Built 19000 acres
1 / 19
Listing 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.
Source: SparkMLS
About this home
Listed at $549,000.
Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeCommercial Sale
Bathrooms0
Year Built1900
Location
CityElk Rapids
Zip Code49629
CountyAntrim
Construction & Systems
HeatingForced Air
SewerPublic
Sale & Financing
Listed5/19/2026
Source: SparkMLS
Tax Information
Source: SparkMLS
Legal Description
UNIT 1 144 RIVER STREET CONDOMINIUM SPLIT FROM PARENT 05-43-250-005-00 FOR 2026
Property Records
USDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Blake Bernard
REO-TCRandolph-233022
Frequently Asked Questions about 144 River Street, Elk Rapids, MI 49629
Is 144 River Street, Elk Rapids, MI 49629 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: DTE Gas Company. Sewer: Public. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the local police department or county sheriff's office.
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Monthly payment$3,561
Principal & interest$3,561
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
144 River Street, Elk Rapids, MI 49629
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Municipality
Elk Rapids Village
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