Historic Mixed-Use
For Sale
$549,000
144 River Street, Elk Rapids, MI 49629
B2-zoned property combines an occupied commercial space, a rented studio apartment, and lower-level storage in a downtown setting.
Property SizeContact for details
Days on Market120
Property Features for 144 River Street
General Information
Standard status
Active
Property subtype
General Commercial
Zoning
B2
Financials
Asking Price
$549,000
Average Monthly Rent
$695
Units
Unit Mix
1 x studio
Multifamily Units
1
Amenities
3
Condo
Building Details
Year Built
1900
Buildings
1
Listing Agency:
REO-TCRandolph-233022
(231) 946-4040
Listed By:
Blake Bernard · License #T6501380347
Source:
Xome
Added: May 3
Changed: Aug 29
Last Checked: Aug 29 at 2:07PM
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 REO-TCRandolph-233022
Investment Insights
Based on property information with market context.
Built in 1900, this character-rich mixed-use property includes a commercial space in Unit #1, a garden studio apartment, and storage on the lower level. The commercial component is currently occupied, with lease renewal possible in the fall, while the apartment is rented month to month.
The property carries B2 zoning, supporting short-term rentals along with a range of commercial and residential uses. Its downtown Elk Rapids setting places the building near local shops, restaurants, the marina, and the beach, with the property located at 144 River Street.
The property carries B2 zoning, supporting short-term rentals along with a range of commercial and residential uses. Its downtown Elk Rapids setting places the building near local shops, restaurants, the marina, and the beach, with the property located at 144 River Street.
Key Highlights
- Unit #1 includes a currently occupied commercial space with possible lease renewal in the fall
- Garden studio apartment is rented month to month
- Lower‑level storage space included
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Mobil
Shops & Services
9,553 visits/mo
0.3 miles
Shell
Shops & Services
2,168 visits/mo
0.4 miles
Fifth Third Bank & ATM
Shops & Services
1,722 visits/mo
0.4 miles
Huntington Bank
Shops & Services
1,626 visits/mo
0.1 miles
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - B2-zoned property combines an occupied commercial space, a rented studio apartment, and lower-level storage in a downtown setting.
Where is this mixed-use property located?
The property is located at 144 River Street Elk Rapids, MI.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Unit #1 includes a currently occupied commercial space with possible lease renewal in the fall; Garden studio apartment is rented month to month; Lower‑level storage space included
