Elk Rapids, MI Commercial Real Estate for Sale

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Updated: Nov 5, 2025

Waterfront Manufacturing Building

222 Industrial Park Drive, Elk Rapids, MI 49629

$1,250,000

18,483 sqft 1.71 AC lot

18,483‑square‑foot manufacturing building constructed in 2000
1.71‑acre site with waterfrontage on Bass Lake
Heavy power supports industrial manufacturing operations
Interior areas accommodate production, storage, and office functions
Block construction with a membrane roof

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This listing looks promising.

Here's a quick look at some key insights for

222 Industrial Park Drive, Elk Rapids, MI 49629

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Est. Cap Rate

8%
Above avg (5.9%)
Est. NOI

$100K
Annual
Price @ 7% Cap

$1.43M
Above asking

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Updated: Aug 13

Restored Cottage Court Resort

917 S Bayshore Drive, Elk Rapids, MI 49629

$1,750,000

4,000 sqft 5.88 AC lot

Restored 1938 cottage court with 10 individual cottages
Nine cottages currently participate in the rental program
Guest accommodations range from a 160‑square‑foot efficiency to a two‑bedroom retreat
Combined lodging capacity of up to 28 guests
New flooring, electrical, and plumbing throughout the cottages

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Steel Storage Warehouse with Loft

Herrman Road, Elk Rapids, MI 49629

$46,900

768 sqft

Steel storage space with a built-in loft, vertical doors, concrete flooring, and electric and water service.

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Historic Corner Commercial Building

130 River St, Elk Rapids, MI 49629

$899,900

1,437 sqft 0.08 AC lot

Prime commercial property in downtown Elk Rapids near the waterfront.

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Remodeled Restaurant Building in Elk Rapids

151 River Street, Elk Rapids, MI 49629

$1,174,000

5,580 sqft 0.18 AC lot

Turn-key restaurant with outdoor dining in desirable downtown market.

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Restored Cottage Court Resort

917 S Bayshore Dr, Elk Rapids, MI 49629

$1,750,000

4,000 sqft 5.00 AC lot

Ten renovated cottages with shared outdoor gathering areas sit across from public beach access.

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Industrial Building with Waterfrontage

222 Industrial Park Dr, Elk Rapids, MI 49629

$1,500,000

18,483 sqft 1.71 AC lot

18,483 SF industrial building in Elk Rapids, Michigan.

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Corner Warehouse Unit With Loft

Elk Rapids, MI 49629

$152,900

1,560 sqft

Year-round storage property with an electric garage door, concrete floors, and a separate adjoining unit.

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Manufacturing and Warehouse Facility

222 Industrial Park Dr, Elk Rapids, MI

$1,250,000

18,483 sqft

Impeccably maintained industrial building with waterfrontage on Bass Lake, supporting manufacturing, storage, and office use.

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Waterfront Industrial Warehouse

222 Industrial Park Drive Unit SourceFi, Elk Rapids, MI 49629

$1,250,000

18,483 sqft

Impeccably maintained 2000-built industrial facility with heavy power, supporting manufacturing, storage, and office use.

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Mixed-Use Downtown Building

1-144 River St, Elk Rapids, MI 49629

$499,000

2,953 sqft

Ground-floor commercial space with a garden studio apartment and lower-level storage, supported by B2 zoning.

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Cleared Commercial Development Parcel

875 Green St, Elk Rapids, MI 49629

$1,800,000

7.00 AC lot

Cleared 7-acre parcel with city water, sewer, and natural gas for flexible mixed-use development.

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Pole Barn Storage Unit

Elk Rapids, MI 49629

$89,000

1,000 sqft

Pole barn storage unit with 14-foot ceilings and durable concrete floors, sized for boats, trailers, and other equipment.

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Historic Mixed-Use Building with Gallery

128 River Street, Elk Rapids, MI 49629

$1,305,000

Historic mixed-use building with original bank vault and an established fine art gallery plus an owner’s residence.

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Turn-Key Restaurant with Patio

151 River Street Unit SourceFi, Elk Rapids, MI 49629

Contact for pricing

5,580 sqft

Recently remodeled single-tenant restaurant with a commercial kitchen and outdoor patio seating.

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Corner Commercial Land Lot

60 Ames St, Elk Rapids, MI 49629

$319,000

Desirable 1+ acre corner lot zoned B-1 with municipal water and sewer, natural gas, and cable/DSL access.

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Pole Barn Storage Unit

Elk Rapids, MI 49629

$97,500

Clean 20' x 50' storage unit with 14-foot ceilings and durable concrete floors for equipment or seasonal storage.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 17 Active Listings in Elk Rapids, MI, we suggest to view alternatives - similar 55 Off-Market properties to explore as potential leads.

Off-Market Properties in Elk Rapids, MI

Consider similar Off-Market properties in Elk Rapids, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

COMMERCIAL (GENERAL)

Us 31, Elk Rapids, MI 49629

Value Estimation by Request

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COMMERCIAL (GENERAL)

Us 31, Elk Rapids, MI 49629

Value Estimation by Request

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COMMERCIAL (GENERAL)

312 Pne St, Elk Rapids, MI 49629-9535

$300,000

Estimated value

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COMMERCIAL (GENERAL)

Elk Rapids, MI 49629

Value Estimation by Request

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COMMERCIAL (GENERAL)

115 Ames St Sta, Elk Rapids, MI 49629-9800

Unit A

$250,000

Estimated value

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COMMERCIAL (GENERAL)

10409 Bayshore Dr, Elk Rapids, MI 49629-9549

Unit F-8

Value Estimation by Request

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COMMERCIAL (GENERAL)

10409 Bayshore Dr, Elk Rapids, MI 49629-9549

Unit F-16

Value Estimation by Request

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Elk Rapids, MI Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Elk Rapids, MI, showcased through 17 active listings on our real estate platform. These investment opportunities span a total of 100,810 square feet of properties for sale, with an estimated market value of $15,133,200.

Sale prices for business properties in Elk Rapids, MI start at $46,900, averaging $945,825, and reaching up to $1,800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 2,037

Population Growth (5Y) +0.1%

Median Household Income $74,318

College Educated 62.2%

High-Yield Neighborhoods for Investment

Identify Elk Rapids submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
49629	$827.6K

Taxes & Financing

Tax Rate (average for all types) 1.89%

Property Tax per SF $21.92 per SF

Tax Rate vs County Average 0.43 pp below county avg

Average Loan-to-Value 65.0%

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Antrim County

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