2,953 sqft

$499,000

144 River Street # 1, Elk Rapids MI, 49629

Price per sqft$168.98

Built in1900

Property size2,953 sqft

Property typeCommercial

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

Overview

Active

Listed May 20, 2026

Updated 3 weeks ago

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 Michigan’s most vibrant waterfront communities.

Other Property Details

Association Fee Frequency: Yearly

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

The IDX display contains information sourced from the Northern Great Lakes REALTORS® MLS as of 8/24/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 8/24/2026 at 9:20 PM UTC