127 River Street Elk Rapids, MI $ 794,000
127 River Street
$ 794,000
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127 River Street

Elk Rapids, MI, 49629
$ 794,000
Bedrooms-- Baths-- Sq 2,947

Monthly Estimate*

$ 4,954

127 River Street, Elk Rapids, MI 49629 - Image 1
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127 River Street, Elk Rapids, MI 49629 - Image 10

Commercial Property for sale in Elk Rapids, MI

for $794,000. This 2,947 square foot building was built in 1910 on a lot size of 0.12.

Seize a unique investment opportunity in downtown Elk Rapids! The beloved River Street Market, is for sale. This successful business is known for its delicious food offerings, including sandwiches, wraps, and pizza, along with a wide selection of beverages and specialty items. The market's prime location in a bustling shopping district ensures a steady flow of customers, from both the community and tourists. The sale includes a valuable package liquor license, which opens the door to multiple growth opportunities such as delivery, catering, and on-site tastings. The business benefits from its proximity to popular attractions, including beaches, marinas, and tennis courts, providing consistent foot traffic. The property itself, a captivating 1910 storefront with original hardwood floors, was thoughtfully updated in 2023 to offer the perfect blend of historic charm and modern functionality. Its highly visible and accessible location offers exceptional potential for a new owner. This is an ideal opportunity for an entrepreneur looking to acquire a thriving business and property in a desirable community with a strong local economy.For information on Elk Rapids Village Zoning Codes, please visit www.elkrapids.org/planning-zoning. Showings are by appointment only. To maintain business operations, please refrain from discussing this listing with the employees. Business can purchase alone with lease option, please see MLS 1920593 for details.

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Commercial Pending

Price

$ 794,000

Property Type

Commercial

Taxes

$ 0

Style

Retail/Commercial

Lot Size

0.12

Year Built

1910

Town/City

Elk Rapids

County/Region

Antrim

MLS | Web ID

1932738

Features
General
Roof Membrane
Zoning Other Commercial
Sewer Municipal
Construction Other
Energy Efficient Not Applicable
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Interior
Basement Crawl Space Slab
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Exterior
Exterior Features Vinyl Wood
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* Excluded Features
List By
Century 21 Northland

Broker

(231) 534-4753

Phone

Affordability Calculator

$4,954
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,954
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2034270 Elementary School
2034440 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/26/2025$794,000 -0.63% Price Down
4/22/2025$799,000 Listed Price

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127 River Street, Elk Rapids, MI, 49629 is a Commercial Property for sale at $794,000 with 2,947 sqft and a lot size of 0.12. 127 River Street was built in 1910. The property's zip code is 49629 which is in Elk Rapids, MI