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Downtown Elk Rapids Office Space
For Lease
$1,550/Mo CAM $175 /SF/Yr

201 River St, Elk Rapids, MI 49629

Office space available for rent in downtown Elk Rapids.

Space SizeContact for details
Property Size649 SF
Lot Size0.18 Acres
Days on Market153

Property Features for 201 River St

General Information

Standard status Active
Size 649 SF
Lot size 0.18 Acres
Property subtype Commercial

Building Details

Year Built 1924
Listing Agency:
Listed By: Laura K Cobb
Source: Elliman
Added: Mar 10 Changed: Aug 8 Last Checked: Aug 8 at 2:21PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Laura K Cobb

Investment Insights

Based on property information with market context.

This 649-square-foot office space is located in downtown Elk Rapids. The layout includes a reception area, guest bathroom, a micro kitchenette/break space, a waiting room, and an ample office space in the back. The tenant is responsible for a monthly CAM fee of $175, which covers water/sewer, electricity, heating/cooling, and garbage. The tenant will need to provide their own Internet service. This property presents an opportunity to open and grow your business.

Key Highlights

  • Prime downtown Elk Rapids location offers an incredible business opportunity.
  • $175 CAM fee covers water/sewer, electricity, heating/cooling, and garbage.
  • Versatile 649 sq. ft. space suitable for various business types.

Property Analytics

Current Use

Harbor Antique Mall Home Decor Store Mana North Clothing & Fashion Store

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store Storage Facility Kitchen & Bath Showroom Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

$175 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

361
Businesses Nearby

Demographics for 49629, MI

1,997
Population
1,696
Households
1.2
Avg Household Size
60
Median Age
46%
College-Educated
99%
High-School Grad
3.8 sq mi
ZIP Area
526
Density / Sq Mi
$74,318
Median Household Income
$46,250
Median Earnings
$1,032
Median Rent
$347,100
Median Home Value

Market

Lease Benchmarks for Elk Rapids, MI

$15.03 /SF/Yr
Avg Asking Price
$3–$28.66 /SF/Yr
Price Range
3,494 SF
Avg Space Size

This space is priced 91% above the average of $15.03 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office space available for rent in downtown Elk Rapids.
Where is this office units located?
The property is located at 201 River St Elk Rapids, MI.
What is the lease rate?
The lease rate is $1,550/Mo.
What are key features of this property?
This property features: Prime downtown Elk Rapids location offers an incredible business opportunity.; $175 CAM fee covers water/sewer, electricity, heating/cooling, and garbage.; Versatile 649 sq. ft. space suitable for various business types.
More about this property
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