2,953 sqft

$499,000

144 River Street, Elk Rapids MI, 49629

Price per sqft$168.98

Built in1900

Property size2,953 sqft

Property typeCommercial

Overview

Active

Listed May 20, 2026

Updated Jul 29

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 $499,000, 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 Michiganâ€™s most vibrant waterfront communities.

Listed by Blake Bernard with REO-TCRandolph-233022
Listing Contact: 231-714-4787

Based on information originating from the MiRealSource as of 7/29/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 7/29/2026 at 3:34 PM UTC