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    Elk Rapids, MI
    Mixed-Use

    Elk Rapids, MI Mixed-use Properties for Sale

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    Rapid City, MI Williamsburg, MI Kewadin, MI Traverse City, MI Alden, MI Bellaire, MI Acme, MI Suttons Bay, MI
    Mixed-Use Downtown Building
    Updated: May 20
    Mixed-Use Downtown Building

    1-144 River St, Elk Rapids, MI 49629

    $499,000
    2,953 sqft
    Mixed‑use building in downtown Elk Rapids with ground‑floor commercial space plus a garden studio apartment and lower‑level storage
    Garden studio apartment is currently rented month to month at $695
    Unit #1 includes a commercial space currently occupied with potential to re‑sign the lease in the fall
    Zoned B2, allowing for short‑term rentals and a variety of commercial and residential uses
    Historic building with architectural character in a downtown setting near shops, restaurants, the marina, and the beach
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    Mixed-Use Property with Garage
    Updated: Apr 18, 2025
    Mixed-Use Property with Garage

    312 Pine Street, Elk Rapids, MI 49629

    $495,000
    3,475 sqft
    3,475 SF building plus a 960 SF garage
    Large double lot three blocks from downtown Elk Rapids
    R‑2 zoning with grandfathered commercial use
    Duplex or 2 single‑family homes are a use by right
    Five‑year deed restriction excludes funeral homes and related uses
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    See hot listings in Elk Rapids

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Elk Rapids, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Renovated Wedding Venue
    Renovated Wedding Venue

    1776 High Lake Road, Traverse City, MI 49696

    $1,399,000
    3,640 sqft 5.06 AC lot

    Renovated event property with an on-site residence and space for gatherings, ceremonies, and presentations.

    View details
    New Mixed-Use Commercial Condo
    New Mixed-Use Commercial Condo

    Traverse City, MI 49684

    $654,750

    Flexible downtown space supports retail and professional office uses in a newly constructed commercial condominium.

    View details
    Mixed-Use Development Site
    Mixed-Use Development Site

    4160 M-72 E, Williamsburg, MI 49690

    $1,995,000
    12,259 sqft 4.35 AC lot

    Approved mixed-use plan with an existing building and fully developed underground site infrastructure.

    View details
    Railway Commons Storage Condo
    Railway Commons Storage Condo

    6357 N Railway Commons, Williamsburg, MI 49690

    $259,000
    2,500 sqft

    Spacious 2,500 sq ft storage condo in Acme Township.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Corner Commercial Land
    Corner Commercial Land

    1054-1060 E Front Street, Traverse City, MI 49686

    $2,250,000
    1.24 AC lot

    Development site positioned where two primary routes meet, serving traffic from Traverse City’s east and south.

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    Development Land Parcel
    Development Land Parcel

    520 Railroad Avenue, Traverse City, MI 49686

    $1,575,000
    1.46 AC lot

    1.46-acre development parcel offered as two lots with access via E Eighth Street and Woodmere Avenue.

    View details
    Signalized Corner Commercial Land
    Signalized Corner Commercial Land

    Zimmerman Road, Traverse City, MI 49685

    $389,000
    3.50 AC lot

    Commercially zoned development site with municipal utilities at a controlled intersection.

    View details
    Elmira Land Parcel on Woodward
    Elmira Land Parcel on Woodward

    V/L 1.6AC Woodward Avenue, Elmira, MI 49730

    $63,900
    1.60 AC lot

    1.6-acre parcel with meadow and woods near M-32 Highway.

    View details

    Elk Rapids, MI Mixed-Use Properties Market Trends and Statistics

    Explore 2 mixed-use properties for sale in Elk Rapids, MI on our real estate platform. These investment opportunities span a total of 6,428 square feet of properties for sale, with an estimated market value of $994,000.

    Sale prices for multi use buildings in Elk Rapids, MI start at $495,000, averaging $497,000, and reaching up to $499,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 2,037
    Population Growth (5Y) +0.1%
    Median Household Income $74,318
    College Educated 62.2%

    High-Yield Neighborhoods for Investment

    Identify Elk Rapids submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49629 $712K

    Taxes & Financing

    Tax Rate (average for all types) 1.89%
    Property Tax per SF $21.92 per SF
    Tax Rate vs County Average 0.43 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Antrim County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Antrim County

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