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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
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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

Business

Lot Size

0.18

Year Built

1925

Town/City

Elk Rapids

County/Region

Antrim

MLS | Web ID

80063139
Features
General
Heating Forced Air
Cooling Central A/C
Possession At Close
Water Public Water
Status Active Active
Year Built 1925
Subdivision N/A MI
County Antrim
Class COM/IND/BUS OPP
Type Business
Business Name N/A
Ownership Private
Municipality Elk Rapids Twp
Section 21
Zoning Commercial
Sale/Rent For Sale
Status Detail 0
Commercial Features ADA Accessible Bath Fixtures Other Security Syetem Owned Sprinkler System
Area Elk Rapids Twp (05006)
Primary City Elk Rapids
Location Corner Lot
Directions West on River St from US-31 S property will be on your left.
City Elk Rapids
Financial Terms Cash Commercial Loan
Legal Description partial from tax ID: LOT 9 PLAT OF THE VILL OF ELK RAPIDS
DOM 40
Postal Code 49629
Price Per Sq Ft Total AG 223.84
Public Remarks 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
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Exterior
Exterior Brick
Lot Size Area 0.18
Lot Dimensions ~67'x114'
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Interior
Fuel Type Natural Gas
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* Excluded Features
List By
Alex MacKenzie

Listing Agent

Coldwell Banker Schmidt Traver

Broker

alex.mackenzie@cbsrcommercial.com

Email

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
760529 Elementary School
760235 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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