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    Elk Rapids, MI Restaurants for Sale

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    Williamsburg, MI Kewadin, MI Traverse City, MI
    Remodeled Restaurant Building in Elk Rapids
    $1,174,000
    5,580 SF
    Remodeled Restaurant Building in Elk Rapids

    151 River Street, Elk Rapids, MI 49629

    Turn-key restaurant with outdoor dining in desirable downtown market.
    • 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.
    • Located on River Street, offering excellent visibility and foot traffic.
    • Turn‑key restaurant property with efficient back‑of‑house design.
    Updated: Mar 5
    View details
    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.

    Remodeled Restaurant and Retail Building
    $265,000
    1,400 SF
    Remodeled Restaurant and Retail Building

    Remodeled commercial building with handicap accessibility, natural light, and ready-to-operate interiors along a busy state highway.

    103 S Division Street, Bellaire, MI 49615

    View details
    Prime Commercial Land in Williamsburg
    $795,000
    1.59 Acres
    Prime Commercial Land in Williamsburg

    1.59-acre commercially-zoned parcel for redevelopment in high-traffic area.

    4220 E M 72, Williamsburg, MI 49690

    View details
    Prime Commercial Space in Bellaire
    $265,000
    1,400 SF
    Prime Commercial Space in Bellaire

    Remodeled 1400 SF commercial space on a highly travelled highway.

    103 S Division St, Bellaire, MI 49615

    View details
    Redevelopment Car Wash and Retail Site
    $795,000
    1.59 Acres
    Redevelopment Car Wash and Retail Site

    1.59-acre commercially zoned parcel with an existing 1998 car wash facility for demolition and redevelopment near US-31 and M-72.

    4220 E M 72, 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 Retail Storefront, Traverse
    $2,650,000
    3,726 SF
    Prime Corner Retail Storefront, Traverse

    High-traffic corner location near downtown and Grand Traverse Bay.

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

    View details
    Commercial Land in Traverse City
    $1,148,000
    1,864 SF
    Commercial Land in Traverse City

    0.63 acre commercial parcel on US-31 in Traverse City.

    1040 E Front Street, Traverse City, MI 49686

    View details
    Prime Commercial Land, Traverse City
    $1,148,000
    1,864 SF
    Prime Commercial Land, Traverse City

    0.63 acre commercial parcel on US-31 in Traverse City.

    1040 E Front Street, Traverse City, MI 49686

    View details

    Elk Rapids, MI Restaurants Market Trends and Statistics

    Explore 1 restaurants for sale in Elk Rapids, MI on our real estate platform. These investment opportunities span a total of 5,580 square feet of properties for sale, with an estimated market value of $1,174,000.

    Sale prices for restaurant properties in Elk Rapids, MI start at $1,174,000, averaging $1,174,000, and reaching up to $1,174,000 — 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

    Conventional restaurants 2

    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 $1.2M

    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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