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    201 River St Elk Rapids, MI 49629

    For Sale
    $1,200,000

    Office Building,Retail Store - Elk Rapids, MI

    Property size:
    8,355 SF
    Lot size:
    0.18 Acres
    Days on Market:
    52
    Last Refresh:
    Dec 5 at 6:06 am

    Property Features for 201 River St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Office,Retail,Commercial,Restaurant/Food
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Bathrooms
    6
    Basement Y/N
    1
    Size
    8,355 SF
    Lot size
    0.18 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1924
    Building materials
    Brick
    Roof type
    Asphalt, Membrane
    Architectural style
    Other

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

    Listing agent Erica Marshall (231) 947-9800

    Listing date Oct 15, 2025

    MLS# 1939620 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

    Historic Mixed-Use Building in Elk Rapids

    This historic mixed-use building is located in downtown Elk Rapids. The property includes two updated residential units on the upper floor, two office spaces, and approximately 4,000 square feet of retail space on the lower level. An elevator provides access to the upper floor. The two residential units are connected and may be combined for rental purposes. The building is zoned for office, retail, commercial, and restaurant/food uses. The lot size is 0.18 acres and the building size is 8,355 square feet. All leases are currently month-to-month.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Harbor Antique Mall Antique Store Mana North Women'S Clothing Store

    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
    -85.414389
    Latitude
    44.897743

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with retail, office, and residential spaces in downtown.
    Where is this mixed-use property located?
    The property is located at 201 River St Elk Rapids, MI.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Prime downtown Elk Rapids location with endless possibilities.; - Mixed-use building with residential, office, and retail spaces.; - Two updated residential units that can be combined.
    (231) 947-9800
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    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
    201 River St Elk Rapids, MI 49629
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