Building Details

Year Built 1924

Listed By: Laura K Cobb Show Phone

Source: Elliman

Added: Mar 10 Changed: Aug 11 Last Checked: Aug 25 at 7:12AM

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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

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Current Use

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

Suggested Use

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

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

334

Businesses Nearby

Explore this area Business Placement

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

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

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What type of property is this? Where is this office units located? What is the lease rate? Find similar properties What are key features of this property?

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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.