About 151 River Street
Prime 5,580 SF single-tenant restaurant building located in the heart of Downtown Elk Rapids. This recently remodeled property features a high-end commercial kitchen, quality interior finishes, and a welcoming outdoor patio area. The inside can accommodate ~100+ guests between dining room and bar seating, and a beautiful patio out front features seating for about 40 more. Positioned along River Street, the town’s main commercial corridor, it offers excellent visibility and foot traffic. The layout supports full-service dining with an efficient back-of-house design, making it ideal for an owner/operator or investor seeking a premium hospitality property. Street parking is available directly in front, with additional public parking nearby. FF&E and liquor license are available and may be negotiated separately. This is a rare opportunity to acquire a fully equipped, turn-key restaurant property with outdoor dining in one of Northern Michigan’s most desirable downtown markets.
Features of 151 River Street
| MLS® # | 1939910 |
|---|---|
| Price | $1,224,000 |
| Bathrooms | 2.00 |
| Square Footage | 5,580 |
| Acres | 0.18 |
| Year Built | 1925 |
| Type | Commercial |
| Sub-Type | Hospitality |
| Status | Active |
Community Information
| Address | 151 River Street |
|---|---|
| Subdivision | N/A |
| City | Elk Rapids |
| County | Antrim |
| State | MI |
| Zip Code | 49629 |
Amenities
| Parking | Paved, On Street |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Cooling | Central Air |
| Has Basement | Yes |
| Basement | Partial |
| Fireplace | No |
Exterior
| Lot Description | Corner Lot, Freestanding |
|---|---|
| Roof | Membrane |
| Construction | Brick |
Additional Information
| Days on Market | 78 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Annually |
Listing Details
| Office | Coldwell Banker Schmidt Traver |
|---|