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    Elk Rapids, MI
    Retail

    Elk Rapids, MI Retail Space for Sale

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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 6 Potential Opportunities for your consideration. Besides 1 Active listings in Elk Rapids, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 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.

    New Downtown Retail/Office Condo
    New Downtown Retail/Office Condo

    232 E State Street, Traverse City, MI 49684

    $854,000
    2,849 sqft 0.16 AC lot

    A 2025-constructed commercial condo suited for either retail or professional office use in downtown Traverse City.

    View details
    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
    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
    Downtown Mixed-Use Building For Sale
    Downtown Mixed-Use Building For Sale

    517 E Eighth St, Traverse City, MI 49686

    $355,000
    1,120 sqft

    Mixed-use building in growing downtown neighborhood, suitable for various purposes.

    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 PUD-Zoned Land Opportunity
    Prime PUD-Zoned Land Opportunity

    3229 State Road 207, Elkton, FL 32033

    $1,599,000
    900 sqft 2.07 AC lot

    2.07 acres of PUD-zoned land in a growing corridor.

    View details

    Elk Rapids, MI Retail Space Market Trends and Statistics

    Explore 1 retail space 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 retail space 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

    Storefront properties 2

    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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