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201 River Street, Elk Rapids, MI 49629

Commercial Property MLS# 1814842 ID: 39811638
$749,000 Get Rates

Industrial, Other Style - Elk Rapids, MI
Beautifully restored historic brick building on a corner lot in downtown Elk Rapids, mostly leased, showing good income. Property also has the best vacant parcel in downtown Elk Rapids. Room to expand. Front offices have a beautiful view of the Elk Rapids marina & E Grand Traverse Bay. Suitable for a variety of commercial uses: medical, office, retail, etc. The northernmost 2nd floor 1,500 sq ft unit is currently vacant. 850 sq ft upstairs tenant Manning Tax Service/Harry Dickson leases for $1,250/m. 4,300 sq ft main floor tenant Harbor Antiques leases for $4,500/m. 780 sq ft main floor tenant Edward Jones leases for $1,200/m. All 3 tenants are on a m to m basis. Edward Jones is moving upstairs sometime yet this year. The plan is they are going to pay for the remodeling they want done then they'll sign a 5 year lease at $2,000/m in year 1 then $2,050 in year 2 then $2,100 in year 3 and so on. Appraised in 2012 for $780,000.

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Location Information near 201 River Street
Offered by William Stireman at Coldwell Banker Schmidt, Realtors

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Property Features for 201 River Street
Market Status
Last Updated
January 21, 2018
Property Type
Commercial Property
Year Built
Approx. Lot Size
0.18 Acres
Sq. Feet

Building Features

  • Heating System: Forced Air
  • Roof: Asphalt
  • Central Air
  • Heating Fuel: Natural Gas

Exterior Features

  • Exterior Construction: Brick

Listing Features

  • Property Type: Commercial; Industrial
  • William Stireman
  • Coldwell Banker Schmidt, Realtors

Data Provided by:
Coldwell Banker

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More information about this $749,000 Commercial Property at 201 River Street

This $749,000 Commercial Property at 201 River Street in Elk Rapids, MI is presented by William Stireman. This $749,000 Commercial Property, located in the 49629 zip code, has the following property features: Property Type, Heating System, Roof, Central Air. This 201 River Street Commercial Property, located in Antrim County , is listed under MLS listing number 1814842 and has a listing price of $749,000. You can find more ELK RAPIDS homes for sale here.