About 201 River Street
Prime Mixed-Use Historic Property | Downtown Elk Rapids Secure a cornerstone of Elk Rapids history with this versatile mixed-use asset. This 8,355-square-foot building is strategically located on the active River Street corridor, offering high-visibility retail and premium residential components. *Property Highlights: • Lower Level: ±4,000 sq. ft. of versatile retail space and two dedicated office suites. • Upper Level: Two modern, fully renovated residential units with elevator access. Units are designed with an interconnecting door for flexible leasing configurations. • Investment Stability: Most of the current tenants are on month-to-month leases, allowing for seamless transition or market-rate adjustments. • Transparency: Full financial disclosures (P&L and Rent Roll) provided upon signed NDA. *Viewing Information: View the Interactive Floor Plan for a realistic view of the interior. All physical tours must be scheduled through the listing agent.
Features of 201 River Street
| MLS® # | 1943032 |
|---|---|
| Price | $1,200,000 |
| Bathrooms | 6.00 |
| Square Footage | 8,355 |
| Acres | 0.18 |
| Year Built | 1924 |
| Type | Commercial |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 201 River Street |
|---|---|
| Subdivision | Village of Elk Rapids |
| City | Elk Rapids |
| County | Antrim |
| State | MI |
| Zip Code | 49629 |
Amenities
| Parking | On Street, Other |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Cooling | Central Air, Ductless, Electric, Multi Units |
| Has Basement | No |
| Fireplace | No |
Exterior
| Lot Description | Corner Lot, Freestanding |
|---|---|
| Roof | Asphalt, Membrane |
| Construction | Brick, Frame, Wood Siding |
| Foundation | Block, Poured Concrete |
Additional Information
| Days on Market | 8 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Annually |
Listing Details
| Office | REO-TCFront-233021 |
|---|