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    Elk Rapids, MI Mixed-use Properties for Sale

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    Williamsburg, MI Kewadin, MI Traverse City, MI
    Historic Corner Commercial Building
    $899,900
    1,437 SF
    Historic Corner Commercial Building

    130 River St, Elk Rapids, MI 49629

    Prime commercial property in downtown Elk Rapids near the waterfront.
    • Prime downtown Elk Rapids location, near marina, waterfront, shopping, and dining.
    • Historic commercial building with original character, including exposed brick, tile, and hardwood.
    • High visibility corner property with significant frontage.
    • Redevelopment potential, including mixed‑use (residential above commercial, subject to approval).
    • Walkable setting in a desirable waterfront community.
    Updated: May 20
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 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.

    KOTI Resort Multifamily Development Opportunity
    $4,900,000
    1,780 SF
    KOTI Resort Multifamily Development Opportunity

    9-acre parcel with site plan for 146 units.

    5961 E Oslo Street, Williamsburg, MI 49690

    View details
    Downtown Mixed-Use Property For Sale
    $390,000
    1,120 SF
    Downtown Mixed-Use Property For Sale

    Mixed-use property in growing downtown neighborhood, suitable for various uses.

    517 E Eighth Street, Traverse City, MI 49686

    View details
    Downtown Mixed-Use Building For Sale
    $390,000
    1,120 SF
    Downtown Mixed-Use Building For Sale

    Mixed-use building in growing downtown neighborhood, suitable for various purposes.

    517 E Eighth St, Traverse City, MI 49686

    View details
    Railway Commons Storage Condo
    $395,000
    2,500 SF
    Railway Commons Storage Condo

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

    6357 N Railway Commons, Williamsburg, MI 49690

    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.

    Prime Mixed-Use Development Opportunity
    $1,995,000
    12,259 SF
    Prime Mixed-Use Development Opportunity

    Shovel-ready 4.35-acre site with mixed-use potential in Williamsburg, MI.

    4160 E M-72 E, Williamsburg, MI 49690

    View details
    Prime Corner Land in Traverse City
    $2,650,000
    1.24 Acres
    Prime Corner Land in Traverse City

    1.2 acre corner lot with high traffic and development potential.

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

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    Development Parcel in Traverse City
    $1,575,000
    1.46 Acres
    Development Parcel in Traverse City

    1.46 acre development parcel in central Traverse City, Michigan.

    520 Railroad Avenue, Traverse City, MI 49686

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    Prime Location Development Opportunity
    $389,000
    3.50 Acres
    Prime Location Development Opportunity

    Expansive parcel ideal for commercial and residential development in Traverse City.

    0 Zimmerman Road, Traverse City, MI 49685

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

    Explore 1 mixed-use properties for sale in Elk Rapids, MI on our real estate platform. These investment opportunities span a total of 1,437 square feet of properties for sale, with an estimated market value of $899,900.

    Sale prices for multi use buildings in Elk Rapids, MI start at $899,900, averaging $899,900, and reaching up to $899,900 — 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 $899.9K

    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)

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