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    132 Ames St Elk Rapids, MI 49629

    For Sale
    $399,000

    Bed & Breakfast - Elk Rapids, MI

    Property size:
    1,344 SF
    Lot size:
    0.19 Acres
    Days on Market:
    29
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 132 Ames St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    Parking
    10
    Size
    1,344 SF
    Lot size
    0.19 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1996
    Roof type
    Asphalt
    Architectural style
    Other

    Real Estate One, Inc. (231) 946-4040 [email protected]

    Listing agent Erica Marshall (231) 947-9800

    Listing date Nov 7, 2025

    MLS# 1940315 Listing URL

    Copyright © 2025 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Elk Rapids Multi-Use Commercial Property

    Located in the Village of Elk Rapids, this well-maintained multi-use commercial property offers 1,670 sq. ft. of space with high visibility in a strong traffic corridor. The property features municipal water and sewer, paved parking, and energy-efficient systems, including natural gas forced air heat and central air. It is suitable for office, retail, or a live-work setup, within walking distance to schools, the grocery store, a golf course, and downtown waterfront attractions. The front unit, approximately 1,120 sq. ft., includes 3 bedrooms, 1 bath, and in-unit laundry, and can be used commercially or residentially. The back unit is a fully furnished 550 sq. ft. efficiency apartment with 1 bedroom, a 3/4 bath, a kitchen, and its own washer and dryer. This unit has an existing short-term rental permit, making it ready for STR income, or it may be used as a long-term rental. Both units can be reconnected for a single-family home layout. There are 10 paved parking spaces, plus a partially fenced outdoor space in the backyard. The property sits on a 0.19-acre lot and features a landscaped yard with a sprinkler system and drip lines in the flower beds. Recreation areas are nearby, including Elk Lake’s Rotary Park and boat launch one mile south, Damn Beach and East Bay one mile west with over 1,100 ft. of sandy shoreline, and Bass Lake one mile north.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elk Rapids
    County
    Antrim
    State
    Michigan
    Longitude
    -85.403752
    Latitude
    44.899715

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    FAQs

    What type of property is this?
    Retail space - Versatile investment opportunity in Elk Rapids with income potential.
    Where is this retail space located?
    The property is located at 132 Ames St Elk Rapids, MI.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - High-visibility commercial property in a strong traffic corridor, suitable for office, retail, or live-work.; - Two units: a **1,120 sq. ft. front unit with 3 bedrooms and 1 bath**, and a 550 sq. ft. fully furnished efficiency apartment.; - Existing short-term rental permit for the back unit, providing immediate STR income potential.
    (231) 947-9800
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    132 Ames St Elk Rapids, MI 49629
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    132 Ames St Elk Rapids, MI 49629
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