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151 River Street Elk Rapids, MI $ 1,249,000
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$ 1,249,000 Get more info
151 River Street
$ 1,249,000
Back to search
Share Save

151 River Street

Elk Rapids, MI, 49629
$ 1,249,000
Bedrooms-- Baths-- Sq 5,580

Monthly Estimate*

$ 7,792

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Commercial Property for sale in Elk Rapids, MI

for $1,249,000. This 5,580 square foot building was built in 1925 on a lot size of 0.18.

Prime 5,580 SF single-tenant restaurant building located in the heart of Downtown Elk Rapids. This recently remodeled property features a high-end commercial kitchen, quality interior finishes, and a welcoming outdoor patio area. The inside can accommodate ~100+ guests between dining room and bar seating, and a beautiful patio out front features seating for about 40 more. Positioned along River Street, the town’s main commercial corridor, it offers excellent visibility and foot traffic. The layout supports full-service dining with an efficient back-of-house design, making it ideal for an owner/operator or investor seeking a premium hospitality property. Street parking is available directly in front, with additional public parking nearby. FF&E and liquor license are available and may be negotiated separately. This is a rare opportunity to acquire a fully equipped, turn-key restaurant property with outdoor dining in one of Northern Michigan’s most desirable downtown markets.

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Commercial Active

Price

$ 1,249,000

Property Type

Commercial

Taxes

$ 0

Style

Hospitality

Lot Size

0.18

Year Built

1925

Town/City

Elk Rapids

County/Region

Antrim

MLS | Web ID

1939910
Features
General
Roof Membrane
Zoning Commercial Restaurant/Food
Sewer Municipal
Construction Brick
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Interior
Basement Partial
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Exterior
Exterior Features Brick
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* Excluded Features
List By
Coldwell Banker Schmidt Traver

Broker

(231) 499-0529

Phone

Affordability Calculator

$7,792
Per Month
100%
0%
0%
Monthly Principal & Interest
$7,792
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/24/2025$1,249,000 Listed Price

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151 River Street, Elk Rapids, MI, 49629 is a Commercial Property for sale at $1,249,000 with 5,580 sqft and a lot size of 0.18. 151 River Street was built in 1925. The property's zip code is 49629 which is in Elk Rapids, MI

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