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201 River Street, Elk Rapids, MI 49629

  • $795,000

  • MLS#: 1814842

Listing Presented By

Stireman Team
Coldwell Banker Schmidt REALTORS - Traverse City-402
(231) 922-2350

Commercial - 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. It would make for a great commercial space for someone or could even be converted to that always hard to find downtown residential condo with water views! Appraised in 2012 for $780,000. Current tenants: 780 sq ft main floor tenant Edward Jones leases for $1,200/month, current lease expires 8-31-2017. 850 sq ft upstairs tenant Manning Tax Service/Harry Dickson leases for $1,250/month, current lease expires 12-31-2016. 4,300 sq ft main floor tenant Harbor Antiques leases for $4,500/month on a month to month basis but will sign a long term lease if desired.

  • $795,000
  • Commercial
  • MLS#: 1814842
  • Square Footage: 8,355
  • Built In: 1924
  • Last Updated: January 18, 2017
  • Posted: April 24, 2016

201 River Street, Elk Rapids, MI 49629 MLS#: 1814842

201 River Street, Elk Rapids, MI 49629 is an , Commercial in Elk Rapids, Michigan for $795,000 with MLS#: 1814842 and offered by Stireman Team of Coldwell Banker Schmidt REALTORS - Traverse City-402. To learn more about 201 River Street, Elk Rapids, MI 49629 contact Stireman Team for more information or to request a showing.


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