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    Kewadin, MI Traverse City, MI Rapid City, MI Williamsburg, MI Alden, MI Acme, MI Bellaire, MI Suttons Bay, MI
    Downtown Mixed-Use Building
    Updated: Jun 13
    Downtown Mixed-Use Building

    201 River Street, Elk Rapids, MI 49629

    $1,200,000
    8,355 sqft
    8,355 sq. ft. mixed‑use building in downtown Elk Rapids with lower‑level retail/office and two upper‑level residential units
    Lower level includes 4,000 sq. ft. of versatile retail space plus two dedicated office suites
    Upper level has two modern, fully renovated residential units with elevator access
    Residential units include an interconnecting door for flexible leasing configurations
    Most current tenants are on month‑to‑month leases
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    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.

    Two-Story Mixed-Use Commercial Building
    Two-Story Mixed-Use Commercial Building

    732 E Cayuga Street, Bellaire, MI 49615

    $289,000
    2,400 sqft 0.46 AC lot

    Two-level commercial building with finished main floor and unfinished upper level on a village lot near Craven Park.

    View details
    Office-Retail Building on 1.43 Acres
    Office-Retail Building on 1.43 Acres

    9490 Rapid City Road NW, Rapid City, MI 49676

    $330,000
    1,792 sqft 1.43 AC lot

    A 1,792 sq ft office/retail building sits on a 1.43-acre parcel with 203' frontage on Rapid City Rd NW.

    View details
    Live-Work Property with Office and Residence
    Live-Work Property with Office and Residence

    6704, Rapid City, MI 49676

    $274,900
    1,536 sqft 5.00 AC lot

    Former kennel building offers professional office, reception, full bath, and laundry, paired with an on-site 2-bedroom residence.

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    Mixed-Use Retail and Office Building
    Mixed-Use Retail and Office Building

    732 E Cayuga St, Bellaire, MI 49615

    $289,000
    2,400 sqft

    Well-maintained two-level commercial building with finished main space and an unfinished upper level in Bellaire.

    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.

    Commercial Land Parcel with Corner Access
    Commercial Land Parcel with Corner Access

    M-72, Williamsburg, MI 49690

    $550,000
    13.60 AC lot

    Commercial-zoned land with an MDOT curb cut underway and rezoning effort for nearby acreage in process.

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    Commercial Development Land Parcel
    Commercial Development Land Parcel

    M-72, Williamsburg, MI 49690

    $650,000
    11.00 AC lot

    Development-ready commercial land on M-72 with utility access nearby and available engineering reports.

    View details
    Mixed-Use Development Site with Theatre
    Mixed-Use Development Site with Theatre

    4160 M-72 E, Williamsburg, MI 49690

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

    Shovel-ready mixed-use parcel with fully developed utilities and an included former dinner theatre building.

    View details
    Zoned Regional Business Development Land
    Zoned Regional Business Development Land

    1470 US-31 N, Traverse City, MI 49686

    $499,000
    1,000 sqft 0.66 AC lot

    0.66-acre commercial land zoned Regional Business with existing cabins and storage for office, retail, or rentals.

    View details

    Elk Rapids, MI Office Spaces Market Trends and Statistics

    Explore 1 office spaces for sale in Elk Rapids, MI on our real estate platform. These investment opportunities span a total of 8,355 square feet of properties for sale, with an estimated market value of $1,200,000.

    Sale prices for office spaces in Elk Rapids, MI start at $1,200,000, averaging $1,200,000, and reaching up to $1,200,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 6
    Office buildings 1

    Demographics Overview

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

    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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