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    Elk Rapids, MI Conventional Restaurants for Sale

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    Williamsburg, MI Kewadin, MI Traverse City, MI
    Remodeled Restaurant Building in Elk Rapids
    $1,174,000
    5,580 SF
    Remodeled Restaurant Building in Elk Rapids

    151 River Street, Elk Rapids, MI 49629

    Turn-key restaurant with outdoor dining in desirable downtown market.
    • Prime 5,580 SF single‑tenant restaurant building in Downtown Elk Rapids.
    • Recently remodeled with high‑end commercial kitchen and quality interior finishes.
    • Welcoming outdoor patio area with seating for about 40.
    • Located on River Street, offering excellent visibility and foot traffic.
    • Turn‑key restaurant property with efficient back‑of‑house design.
    Updated: Mar 5
    View details
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Elk Rapids, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Remodeled Restaurant and Retail Building
    $265,000
    1,400 SF
    Remodeled Restaurant and Retail Building

    Remodeled commercial building with handicap accessibility, natural light, and ready-to-operate interiors along a busy state highway.

    103 S Division Street, Bellaire, MI 49615

    View details
    Prime Commercial Space in Bellaire
    $265,000
    1,400 SF
    Prime Commercial Space in Bellaire

    Remodeled 1400 SF commercial space on a highly travelled highway.

    103 S Division St, Bellaire, MI 49615

    View details
    Historic Mixed-Use Building in Traverse City
    $1,400,000
    3,250 SF
    Historic Mixed-Use Building in Traverse City

    Unique mixed-use property in prime Traverse City location.

    601 Randolph Street, Traverse City, MI 49684

    View details
    Restaurant with Liquor License
    $1,300,000
    4,400 SF
    Restaurant with Liquor License

    Restaurant and gallery space with a liquor license for sale.

    17015 Center Road, Traverse City, MI 49686

    View details

    Elk Rapids, MI Conventional Restaurants Investment Opportunities Market Analysis

    Explore 1 conventional restaurants for sale in Elk Rapids, MI on our real estate platform. These investment opportunities span a total of 5,580 square feet of properties for sale, with an estimated market value of $1,174,000.

    Sale prices for conventional restaurants in Elk Rapids, MI start at $1,174,000, averaging $1,174,000, and reaching up to $1,174,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 2

    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 $1.2M

    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%

    Listings Trend

    New vs delisted commercial listings in Antrim County

    New Delisted

    Total CRE Inventory on Market (SF)

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