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    Elk Rapids, MI
    Storefront

    Elk Rapids, MI Storefront Properties 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.

    Office Unit at Shanty Creek Resort
    Office Unit at Shanty Creek Resort

    5820 Shanty Creek Road, Bellaire, MI 49615

    $310,000
    2,800 sqft 0.10 AC lot

    Two-story commercial space currently configured for office use within Shanty Creek Resort.

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    Remodeled Storefront Property
    Remodeled Storefront Property

    103 S Division Street, Bellaire, MI 49615

    $245,000
    1,400 sqft 0.23 AC lot

    Flexible commercial building with natural light, accessible bathrooms, tile flooring, and an on-site storage shed.

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    Retail Storefront Property
    Retail Storefront Property

    1120 E. Front St, Traverse City, MI 49686

    Contact for pricing
    3,400 sqft

    For sale retail storefront in Traverse City, suited for a wide range of neighborhood retail or service concepts.

    View details
    C-2 Commercial Development Land
    C-2 Commercial Development Land

    Traverse City, MI 49686

    Contact for pricing

    Three-lot commercial land assemblage with frontage, development plans, and multiple potential commercial configurations.

    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.

    Retail Space with Parking Lot
    Retail Space with Parking Lot

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

    $2,250,000
    3,726 sqft 1.24 AC lot

    C-3 Community Center District zoning supports a range of allowable uses and commercial configurations.

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    Commercial Land with Office Building
    Commercial Land with Office Building

    1040 E Front Street, Traverse City, MI 49686

    $1,148,000
    0.63 AC lot

    Three-lot commercial offering with office zoning and an existing office improvement.

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    Commercial Land Parcel
    Commercial Land Parcel

    1026-1028 E Front Street, Traverse City, MI 49686

    $399,000
    0.38 AC lot

    Two separate lots create a commercial site along a major regional east-west corridor.

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    Corner Commercial Land
    Corner Commercial Land

    Mitten Drive, Traverse City, MI 49686

    $1,150,000
    1.74 AC lot

    Excavation has begun on a corner parcel with access from two roads.

    View details

    Elk Rapids, MI Storefront Properties Market Trends and Statistics

    Explore 1 storefront 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 $499,000.

    Sale prices for retail units 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 $813.2K

    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

    Retail

    Office

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