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

Commercial/Industrial

Lot Size

0.12

Year Built

1910

Town/City

Elk Rapids

County/Region

Antrim

MLS | Web ID

80056074

Features
General
Heating Forced Air
Cooling Central A/C
Possession Negotiable (Possession)
Water Public Water
Status Pending Pending
Year Built 1910
Parking Parking Lot
Subdivision Plat Of The Elk Rapids Village MI
County Antrim
Class COM/IND/BUS OPP
Type Commercial/Industrial
Business Name River Street Market
Ownership Private
Municipality Elk Rapids Twp
Section 21
Zoning Commercial Other
Sale/Rent For Sale
Status Detail 0
Commercial Features ADA Accessible Security Syetem Owned
Area Elk Rapids Twp (05006)
Primary City Elk Rapids
Directions From Traverse City North on US 31 to Elk Rapids. Left on River Street. Destination is on the left in downtown Elk Rapids. Building is light green.
City Elk Rapids
Financial Terms Cash Commercial Loan Exchange/Trade
Legal Description LOT 4 EXC THE E 38 FT ALSO E 16 FT 4 IN OF LOT 5 PLAT OF THE VILL OF ELK RAPIDS SEC 21 T29N R9W
DOM 191
Postal Code 49629
Price Per Sq Ft Total AG 269.43
Public Remarks 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
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Exterior
Exterior Other Vinyl Siding Wood
Lot Size Area 0.12
Lot Dimensions 44X116
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Interior
Fuel Type Electric Natural Gas
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* Excluded Features
List By
Deirdre Carroll

Listing Agent

Century 21 Northland

Broker

deirdre.carroll@c21northland.com

Email

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
760529 Elementary School
760235 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