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Erin Raetz

erin@raetzteam.com +1(586) 996-8410

$1,200,000

Est. payment - /mo

8,355 SqFt

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 8,355 sqft

Price per Sqft $143

Subdivision Village Of Elk Rapids

MLS Listing ID 78080066177

Year Built 1924

Lot Size 7,840 Sqft

Acres 0.18

Property Description

Prime Mixed-Use Historic Property \ Downtown Elk Rapids Secure a cornerstone of Elk Rapids history with this versatile mixed-use asset. This 8,355-square-foot building is strategically located on the active River Street corridor, offering high-visibility retail and premium residential components. *Property Highlights: Ã¢â‚¬ ¢ Lower Level: Ã‚ ±4,000 sq. ft. of versatile retail space and two dedicated office suites. Ã¢â‚¬ ¢ Upper Level: Two modern, fully renovated residential units with elevator access. Units are designed with an interconnecting door for flexible leasing configurations. Ã¢â‚¬ ¢ Investment Stability: Most of the current tenants are on month-to-month leases, allowing for seamless transition or market-rate adjustments. Ã¢â‚¬ ¢ Transparency: Full financial disclosures (P&L and Rent Roll) provided upon signed NDA. *Viewing Information: View the Interactive Floor Plan for a realistic view of the interior. All physical tours must be scheduled through the listing agent.

Location

State MI

County Antrim

Area Area88111Elkrapidstwp

Interior

Heating Electric, Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Exterior

Utilities Available ElectricityConnected, NaturalGasConnected

View Y/N No

Roof Type Asphalt

Building

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Elk Rapids

Others

Acceptable Financing Cash, Conventional, Other, Trade1031Exchange

Listing Terms Cash, Conventional, Other, Trade1031Exchange

Special Listing Condition Standard

Virtual Tour https://tours.bluelavamedia.com/s/201-River-St-Elk-Rapids-MI-49629

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Listed by Erica S Foerster of REO-TCFront-233021

Nearby Locations

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Erin Raetz

+1(586) 996-8410

201 River ST Elk Rapids Twp, MI 49629

Erin Raetz

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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