• Listing status icon

    $749,000

  • Active U/C Taking Backups | MLS#: 1814842
  • 0.18Acre

201 River Street Elk Rapids, MI 49629

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Overview

Beautifully restored historic brick building on a corner lot in downtown Elk Rapids, mostly leased, showing good income. Property also has the best vacant parcel in downtown Elk Rapids. Room to expand. Front offices have a beautiful view of the Elk Rapids marina & E Grand Traverse Bay. Suitable for a variety of commercial uses: medical, office, retail, etc. The northernmost 2nd floor 1,500 sq ft unit is currently vacant. 850 sq ft upstairs tenant Manning Tax Service/Harry Dickson leases for $1,250/m. 4,300 sq ft main floor tenant Harbor Antiques leases for $4,500/m. 780 sq ft main floor tenant Edward Jones leases for $1,200/m. All 3 tenants are on a m to m basis. Edward Jones is moving upstairs sometime yet this year. The plan is they are going to pay for the remodeling they want done then they'll sign a 5 year lease at $2,000/m in year 1 then $2,050 in year 2 then $2,100 in year 3 and so on. Appraised in 2012 for $780,000.

Listing provided courtesy of: Coldwell Banker Schmidt-402, Unknown Phone 402 E Front Street, Traverse City, MI

General Features

  • Included In Lease Other
  • Business Incl No
  • Type of Ownership Private Owner
  • Approx Year Built 1924
  • Year Remodeled 2001
  • Type Mixed Use
  • Town T 29N
  • Township Elk Rapids
  • Present Use Medical/Dental,Office Building,Retail Store

Building Features

  • Foundation Partial
  • Heating Cooling Source Natural Gas, Mutiple Units
  • Roof Asphalt, Membrane
  • Heating Cooling Type Forced Air, Central Air
  • # Restrooms 4
  • Apx Total Fin SQFT 8,355

Property Features

  • Water Municipal Water
  • Vacant Land No
  • Univs Design/Barrier Free Other
  • Road Public Maintained, Blacktop
  • Sewer Municipal
  • Parking Other
  • Exterior Features Brick
  • Construction Brick
  • Lot Dimensions 69.3x115.7
  • Location Corner Lot
  • Appx Num Acres 0.18

Listing agent photo

James Eberle

231-313-8804RE/MAX of Elk Rapids

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Price & Status History

Days on Market

  • This property has been listed on the market for 580 days

Location

The property map location is: Accurate, based on Google's address match.
Listing agent photo

James Eberle

231-313-8804RE/MAX of Elk Rapids

Ask A Question

Community Demographics for Zip Code 49629 (Elk Rapids)

Housing Occupancy
  • Home Owners: 588 (49%)
  • Renters: 133 (11%)
  • Vacant: 476 (40%)
  • Total Housing Units: 1,197
Households
  • Average Household Size: 2.11
  • Housing Density (People per square mile): 380
Age Range (number of people)
  • Age 0-14: 178
  • Age 15-24: 146
  • Age 25-39: 240
  • Age 40-59: 363
  • Age 60-79: 390
  • Age 80+: 209
  • Total: 1,526

* All numbers in this section are 2016 projections provided by Geolytics Inc

School Information for 49629 (Elk Rapids)

Public Schools in Zip Code 49629 (Elk Rapids)

* This list of schools may not match the property above.

ELK RAPIDS HIGH SCHOOL 308 MEGUZEE PT ELK RAPIDS, MI 49629 Phone: 2312648108 9th-12th
Grade Size Distribution
  • 9th: 128
  • 10th: 119
  • 11th: 121
  • 12th: 122
School Population
  • Teachers: 25
  • Students per Teacher: 19.6
  • Students: 490
  • Male/Female: 238/252
School District
  • ELK RAPIDS SCHOOLS
  • 707 EAST 3RD ST ELK RAPIDS, MI 49629
  • Phone: 2312648692
District Population
  • Schools: 4
  • Full-Time Teachers: 85
  • Students per Teacher: 18.3
  • Staff: 181
  • Students: 1554
CHERRYLAND MIDDLE SCHOOL 707 EAST 3RD ST ELK RAPIDS, MI 49629 Phone: 2312648991 6th-8th
Grade Size Distribution
  • 6th: 129
  • 7th: 100
  • 8th: 131
School Population
  • Teachers: 19
  • Students per Teacher: 18.9
  • Students: 360
  • Male/Female: 184/176
School District
  • ELK RAPIDS SCHOOLS
  • 707 EAST 3RD ST ELK RAPIDS, MI 49629
  • Phone: 2312648692
District Population
  • Schools: 4
  • Full-Time Teachers: 85
  • Students per Teacher: 18.3
  • Staff: 181
  • Students: 1554
LAKELAND ELEMENTARY SCHOOL 616 BUCKLEY ST ELK RAPIDS, MI 49629 Phone: 2312648289 K-5th
Grade Size Distribution
  • Knd: 93
  • 1st: 42
  • 2nd: 59
  • 3rd: 62
  • 4th: 58
  • 5th: 57
School Population
  • Teachers: 22
  • Students per Teacher: 16.9
  • Students: 371
  • Male/Female: 191/180
School District
  • ELK RAPIDS SCHOOLS
  • 707 EAST 3RD ST ELK RAPIDS, MI 49629
  • Phone: 2312648692
District Population
  • Schools: 4
  • Full-Time Teachers: 85
  • Students per Teacher: 18.3
  • Staff: 181
  • Students: 1554

* School data provided by US Department of Education


The data relating to real estate for sale on this web site comes in part from the Internet Data exchange ("IDX") program of Northern Great Lakes REALTORS MLS. All information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

* Rates and payment information listed in the mortgage calculator are provided as for general reference only. Specific mortgage information should be verified with a qualified lending professional

Contact Me

James Eberle
Cell: 231-313-8804
Office: 231-264-5400
RE/MAX of Elk Rapids
614 US 31 S
Elk Rapids, MI 49629
Office: 231-264-5400

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In today's real estate market, you need to work with a real estate professional you can trust. I am dedicated to providing the absolute finest service and expertise possible for my clients. Whether you are buying or selling your primary residence, a second home, or relocating to a new neighborhood, I can help make your home ownership dreams come true

I bring over 30 years of sales and negotiating experiences along with a great aptitude for real estate sales. I serve Antrim County, including Elk Rapids, Torch Lake, Elk Lake, Rapid City, Williamsburg, Kewadin and all surrounding areas. I am very excited about working in this local real estate market, my roots in the community are deep and the experience I have gained by living in the area since 1983 will serve my customers well.

My wife Donna and I are residents of Elk Rapids and have two lovely daughters, Lauren and Kaitlin. My hobbies are boating, golfing, cycling, also collecting antique hydroplanes; and of course spending time with family and friends is a priority.