Advertise
    Elk Rapids, MI
    Retail

    Elk Rapids, MI Retail Properties & Spaces for Sale

    Notify Me
    List
    Map
    Williamsburg, MI Kewadin, MI Rapid City, 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
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    1-144 River St, Elk Rapids, MI

    View Property Analytics

    • Est. Cap Rate

      6.1%
      Above avg (5.9%)

    • Est. NOI

      $31K
      Annual

    • Price @ 7% Cap

      $438K
      Suggested
    View Property Analytics
    Historic Corner Commercial Building
    Updated: May 20
    Historic Corner Commercial Building

    130 River St, Elk Rapids, MI 49629

    $899,900
    1,437 sqft 0.08 AC lot
    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.
    View details
    Downtown Mixed-Use Building
    Downtown Mixed-Use Building

    201 River Street, Elk Rapids, MI 49629

    $1,200,000
    8,355 sqft

    Multi-tenant mixed-use building with retail and office suites on the lower level plus two renovated residential units upstairs.

    View details
    Historic Mixed-Use Building with Gallery
    Historic Mixed-Use Building with Gallery

    128 River Street, Elk Rapids, MI 49629

    $1,305,000

    Historic mixed-use building with original bank vault and an established fine art gallery plus an owner’s residence.

    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Office and Retail Condo Suite
    Office and Retail Condo Suite

    215 River Street, Elk Rapids, MI 49629

    $725,000

    Commercial condo with four private offices, reception area, and multiple wet rooms for flexible office or retail use.

    View details
    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 5 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.

    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
    Commercial Parcel with Office/Retail Building
    Commercial Parcel with Office/Retail Building

    9490, Rapid City, MI 49676

    $330,000
    1,792 sqft 1.43 AC lot

    1.43-acre parcel with an office/retail building and about 203 feet of frontage on Rapid City Rd. NW.

    View details
    Downtown Alden Commercial Building
    Downtown Alden Commercial Building

    9160 Helena Rd, Alden, MI 49612

    $350,000
    0.15 AC lot

    Commercial building in downtown Alden, near Torch Lake.

    View details
    Turn-Key Retail and Office Building
    Turn-Key Retail and Office Building

    9053 Helena Rd, Alden, MI 49612

    $498,900

    Turn-key downtown building with finished upstairs space and separate entrance for flexible second-use operations.

    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.

    View details
    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 Existing Building
    Mixed-Use Development Site with Existing Building

    4160 M-72 E, Williamsburg, MI 49690

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

    Shovel-ready parcel with approved mixed-use development plans, completed utilities, and an existing commercial building.

    View details
    Commercial Land with Rental Cabins
    Commercial Land with Rental Cabins

    1470 US-31 N, Traverse City, MI 49686

    $499,000
    1,000 sqft 0.66 AC lot

    Commercially zoned land with two cabins and a storage garage, near state park and the TART trail.

    View details

    Elk Rapids, MI Retail Properties & Spaces Market Trends and Statistics

    Explore 5 retail properties & spaces for sale in Elk Rapids, MI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 12,745 square feet of properties for sale, with an estimated market value of $4,628,900.

    Sale prices for stores in Elk Rapids, MI start at $499,000, averaging $925,780, and reaching up to $1,305,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 3

    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 $935.8K

    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%

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

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

    Retail

    Office

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Browse Retail properties & Spaces for Sale Near Elk Rapids, MI

    Popular Searches in Elk Rapids, MI

    Popular Categories

    Most Searched ZIP Codes in Elk Rapids, MI

    • 49629

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!