151 River St - Retail FOR SALE


Elk Rapids, MI 49629
$1,249,000 USD
231-929-2300
151 River St, Elk Rapids, MI for Sale
$1,249,000 USD
Retail - FOR SALE
1/54
null | Request Cap Rate

151 River St
Elk Rapids, MI 49629


OVERVIEW

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. Also available for lease at $15/SF NNN.

FOR SALE DETAILS

PRICE

$1,249,000 USD

PRICE/SF

$224 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Turn Key Restaurant in Downtown Elk Rapids

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Commercial

APN/PARCEL ID

05-43-010-017-00

ASK ABOUT THIS PROPERTY

Alex MacKenzieColdwell Banker Schmidt RealtorsMore Info
231-929-2300

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Alex MacKenzieColdwell Banker Schmidt RealtorsMore Info
231-929-2300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.