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151 River Street Elk Rapids, MI $ 6,859
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151 River Street
$ 6,859
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151 River Street

Elk Rapids, MI, 49629
$ 6,859
Bedrooms-- Baths2.0 Sq 5,580
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Property for Rent in Elk Rapids, MI

for $6,859 with 2 full baths. This 5,580 square foot property was built in 1925 on a lot size of 0.18.

Prime 5,580 SF single-tenant restaurant space 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 experienced operator seeking a premium hospitality location. 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 lease a fully equipped, turn-key restaurant space with outdoor dining in one of Northern Michigan’s most desirable downtown markets. $15/SF NNN.

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Rental Active

Price

$ 6,859

Full Bath

2

Taxes

$ 0

Style

Lot Size

0.18

Year Built

1925

Town/City

Elk Rapids

County/Region

Antrim

MLS | Web ID

1939911
Features
General
Sewer Public Sewer
Heating Forced Air Natural Gas
Cooling Central Air
Possession Close Of Escrow
Roof Membrane
Security Features Security System Fire Sprinkler System
Construction Materials Brick
Year Built 1925
Township Elk Rapids
Property Subtype Hospitality
Business Type Food & Beverage
Accessibility Accessible Doors Accessible Hallway(s) Main Floor Access Accessible Entrance
Assoc Fee Paid Per Annually
Business Name N/A
County Antrim
New Construction N
Property Type Commercial Lease
Attached Garage N
Subdivision Name N/A
Garage Y/N N
Building Features Other
Rent Includes Other
Status Active U/C Taking Backups
Directions West on River St from US-31 S property will be on your left.
City Elk Rapids
Zoning Description Commercial Restaurant/Food
Lot Size Units Acres
Lot Size Square Feet 7840.8
Carport Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Lease Considered Y/N Y
Lease Type NNN
Living Area Units Square Feet
Standard Status Active
Tax Assessed Value 479336
Ownership Type Private Owner
Lease Amount Frequency Annually
Legal Description partial from tax ID: LOT 9 PLAT OF THE VILL OF ELK RAPIDS
Year Built Effective 2023
Freehold VOW BBO IDX
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Interior
Basement Partial
Furnished Y/N Furniture/Fixtures
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 2
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Exterior
Parking Features Paved On Street
Lot Features Corner Lot Freestanding
Water Source Public
Lot Size Area 0.18
Spa N
Lot Dimensions ~67'x114'
Lot Size Acres 0.18
Other Parking Paved Street Parking
Waterfront Y/N N
Road Responsibility Public Maintained Road
Horse Y/N N
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* Excluded Features
List By
Coldwell Banker Schmidt Traverse City

Broker

Cell: 231-499-0529

Contact

Nearby
2034270 Elementary School
2034440 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
1/7/2026 $6,859 -1.66% Price Down
10/24/2025 $6,975 Listed Price

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151 River Street, Elk Rapids, MI, 49629 is a Property for Rent at $6,859 with 5,580 sqft and a lot size of 0.18. 151 River Street has 2.0 baths and was built in 1925. The property's zip code is 49629 which is in Elk Rapids, MI

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