For Sale
201 River Street, Elk Rapids, MI 49629
$1,200,000
MLS # 1943032 (Northern Great Lakes REALTORS® MLS)
6 bathsBuilt 19240.18 acres
1 / 71
Listing Description
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.
Source: SparkMLS
About this home
This 6-bath home built in 1924 sits in Elk Rapids Village in Elk Rapids.
Asking $1,200,000.
Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeCommercial Sale
Bathrooms6
Lot Size0.18 acres
Year Built1924
Location
CityElk Rapids
Zip Code49629
CountyAntrim
Construction & Systems
HeatingForced Air
SewerPublic
Sale & Financing
Listed6/12/2026
Source: SparkMLS
Tax Information
Source: SparkMLS
Legal Description
LOT 10, ALSO E 3 FT OF LOT 11 PLAT OF THE VILL OF ELK RAPIDS
Property Records
USDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Erica S Foerster
REO-TCFront-233021
Frequently Asked Questions about 201 River Street, Elk Rapids, MI 49629
Is 201 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$7,783
Principal & interest$7,783
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
201 River Street, Elk Rapids, MI 49629
View full property history →
Municipality
Elk Rapids Village
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