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    Elk Rapids, MI
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    Elk Rapids, MI Retail Properties & Spaces for Sale

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    Rapid City, MI Williamsburg, MI Kewadin, 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
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    See hot listings in Elk Rapids

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
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    Local Demand available after sign in
    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.

    Multi-Building Warehouse Property
    Multi-Building Warehouse Property

    5720 Bates Road, Williamsburg, MI 49690

    $3,199,000
    48,700 sqft 20.00 AC lot

    Industrial property with three buildings, private water systems, and varied warehouse improvements.

    View details
    Flex Space with Showroom
    Flex Space with Showroom

    7232 S M-88, Bellaire, MI 49615

    $289,000
    1,376 sqft 0.70 AC lot

    Adaptable commercial building with showroom, garage, office, warehouse storage, and two bathrooms.

    View details
    Shanty Creek Resort Commercial Opportunity
    Shanty Creek Resort Commercial Opportunity

    5820 Shanty Creek Rd, Bellaire, MI 49615

    $299,000
    0.10 AC lot

    Commercial space in Shanty Creek Resort, ideal for various businesses.

    View details
    Mixed-Use Development Site
    Mixed-Use Development Site

    4160 M-72 E, Williamsburg, MI 49690

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

    Approved mixed-use plan with an existing building and fully developed underground site infrastructure.

    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 with Curb Cut
    Commercial Land with Curb Cut

    M-72, Williamsburg, MI 49690

    $550,000
    13.60 AC lot

    Commercially zoned land with documented access planning and utilities along the eastern side of the property.

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    Commercial Land Parcel
    Commercial Land Parcel

    M-72, Williamsburg, MI 49690

    $650,000
    11.00 AC lot

    Commercially zoned land with an established access plan and utility availability along the east side.

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    Commercial Land with Cabins
    Commercial Land with Cabins

    1470 US-31 N, Traverse City, MI 49686

    $499,000
    1,000 sqft 0.66 AC lot

    Regional Business zoning supports office, retail, and rental uses.

    View details
    Level Industrial Land
    Level Industrial Land

    Business Park Drive, Traverse City, MI 49686

    $194,900
    2.05 AC lot

    Vacant, level parcel with Commercial,Industrial zoning within a professional business park.

    View details

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

    Explore 1 retail properties & spaces 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 $499,000.

    Sale prices for stores in Elk Rapids, MI average $499,000 — 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

    Storefront properties 1

    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 $650.6K

    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)

    Average Property Price per SF

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

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