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    Elk Rapids, MI
    Residential Income

    Elk Rapids, MI Residential Income Properties for Sale

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    Williamsburg, MI Kewadin, MI Traverse City, MI
    Mixed-Use Downtown Building
    Updated: May 20
    Mixed-Use Downtown Building

    1-144 River St, Elk Rapids, MI 49629

    $549,000
    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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    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.

    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.

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    Versatile Property with Development Potential
    Versatile Property with Development Potential

    Williamsburg, MI 49690

    $674,900
    4.69 AC lot

    Income-generating duplex with light industrial zoning and development opportunities.

    View details
    Zoned Regional Business Waterfront Land
    Zoned Regional Business Waterfront Land

    Traverse City, MI 49686

    $499,000
    1,000 sqft

    Waterfront-facing land with two existing cabins and regional business zoning for offices, retail, or rentals.

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    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.

    Buildable Lot in Elk Rapids
    Buildable Lot in Elk Rapids

    142 Charles Street, Elk Rapids, MI 49629

    $125,000
    0.50 AC lot

    Vacant lot in Elk Rapids, close to amenities.

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    Elk Rapids Vacant Land
    Elk Rapids Vacant Land

    Capa-Bran Terrace lot: 8, Elk Rapids, MI 49629

    $199,900
    0.26 AC lot

    Vacant lots in Elk Rapids, close to beaches and restaurants.

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    Elk Rapids Vacant Land
    Elk Rapids Vacant Land

    Capa-Bran Terrace lot: 7, Elk Rapids, MI 49629

    $199,900
    0.23 AC lot

    Vacant lots in Elk Rapids, close to beaches and restaurants.

    View details
    Residential Waterfront Estate Land
    Residential Waterfront Estate Land

    B-4 Stallman Road, Rapid City, MI 49676

    $159,900
    7.51 AC lot

    Build a private estate on a residential waterfront parcel near Torch and Elk lakes in the Rapid City area.

    View details

    Elk Rapids, MI Residential Income Properties Market Trends and Statistics

    Explore 1 residential income properties for sale in Elk Rapids, MI on our real estate platform. These investment opportunities span a total of 2,953 square feet of properties for sale, with an estimated market value of $549,000.

    Sale prices for residential income properties in Elk Rapids, MI start at $549,000, averaging $549,000, and reaching up to $549,000 — 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 $549K

    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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