Turn-Key Restaurant with
For Sale
Contact for pricing
151 RIVER ST, Elk Rapids, MI 49629
Recently remodeled single-tenant restaurant with a commercial kitchen and outdoor patio seating.
Property Size5,580 SF
Price / SF$1.23
Days on Market292
Property Features for 151 RIVER ST
General Information
Standard status
Active
Size
5,580 SF
Property subtype
Business Opportunities
Lease Type
NNN
Amenities
outdoor patio area
Central Air
3
Other
67114
Building Details
Year Built
1925
Tenancy
Single
Listing Agency:
(231) 499-0529
Listed By:
Coldwell Banker Schmidt Traverse City
(231) 499-0529
Source:
Xome
Added: Oct 23, 2025
Changed: Aug 8
Last Checked: Aug 9 at 4:50AM
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 Coldwell Banker Schmidt Traverse City
Investment Insights
Based on property information with market context.
Prime, recently remodeled single-tenant restaurant space offering a high-end commercial kitchen and quality interior finishes. The layout is designed to support full-service dining with an efficient back-of-house configuration, with guest seating accommodated between the dining room and bar. An outdoor patio area adds additional guest seating at the front of the property.
The property is positioned along River Street in Downtown Elk Rapids, the town’s main commercial corridor, supporting strong visibility. Street parking is available directly in front, with additional public parking nearby.
FF&E and a liquor license are available and may be negotiated separately. The asking terms are structured as NNN.
The property is positioned along River Street in Downtown Elk Rapids, the town’s main commercial corridor, supporting strong visibility. Street parking is available directly in front, with additional public parking nearby.
FF&E and a liquor license are available and may be negotiated separately. The asking terms are structured as NNN.
Key Highlights
- 5,580 SF single‑tenant restaurant space in Downtown Elk Rapids
- Recently remodeled interior with central air and an on‑site commercial kitchen
- Indoor layout accommodates ~100+ guests with dining room and bar seating
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
15k
Monthly Visits Nearby
Well-served
Demand for This Use
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?
Conventional restaurant - Recently remodeled single-tenant restaurant with a commercial kitchen and outdoor patio seating.
Where is this conventional restaurant located?
The property is located at 151 RIVER ST Elk Rapids, MI.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: 5,580 SF single‑tenant restaurant space in Downtown Elk Rapids; Recently remodeled interior with central air and an on‑site commercial kitchen; Indoor layout accommodates ~100+ guests with dining room and bar seating
