151 River Street Elk Rapids, MI 49629
Turn-key restaurant with outdoor dining in desirable downtown market.
Type:Hospitality
Property size:
5,580 SFLot size:
0.18 Acres- Added:
- Mar 5, 2026
- Days on Market:
- 27
- Last Refresh:
- Mar 25 at 8:56 pm
Property Features for 151 River Street
General Information
- Standard status
- Active
- Size
- 5,580 SF
- Lot size
- 0.18 Acres
- Property subtype
- Hospitality
Building Details
- Year Built
- 1925
Listing agent Alex MacKenzie License #650649241
Listing office Coldwell Banker Commercial Schmidt, Realtors Traverse City (231) 929-2300
Listing date Mar 5, 2026
Source Cbcworldwide
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 Commercial Schmidt, Realtors Traverse City
Overview
Remodeled Restaurant Building in Elk Rapids
This is a 5,580 square foot single-tenant restaurant building situated in downtown Elk Rapids. The property has been recently remodeled and includes a high-end commercial kitchen, quality interior finishes, and an outdoor patio area. The interior space can accommodate approximately 100 or more guests with dining room and bar seating, while the front patio provides seating for about 40 additional patrons. Located along River Street, the town's main commercial corridor, the property benefits from high visibility and foot traffic. The layout is designed to support full-service dining, featuring an efficient back-of-house design. Street parking is available directly in front of the building, with additional public parking located nearby. The property is situated on 0.18 acres. FF&E and a liquor license are available and may be negotiated separately.
Location Intelligence
Current Use by Public Records
Foundry Craft Grillery
Restaurant
Location Insight
- Map
- Local Demand
- City
- Elk Rapids
- County
- Antrim
- State
- Michigan
- Longitude
- -85.4132
- Latitude
- 44.8981
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Turn-key restaurant with outdoor dining in desirable downtown market.
Where is this conventional restaurant located?
The property is located at 151 River Street Elk Rapids, MI.
What is the asking price?
The asking price for this property is $1,224,000.
What are key features of this property?
This property features: Prime 5,580 SF single‑tenant restaurant building in Downtown Elk Rapids.; Recently remodeled with **high‑end commercial kitchen and quality interior finishes.**; Welcoming outdoor patio area with seating for about 40.
