This versatile property offers an exceptional opportunity for commercial ventures! The upper level is a spacious 2-bedroom, 2-bathroom rental unit. The space is the ideal combination of comfortable living and beauty. Enjoy striking lake and streetscape views from the private composite rooftop deck, complemented by modern interiors features such as solid surface countertops, soft close drawers, and durable flooring. The lower level houses the dynamic River Street Market, known for its delectable sandwiches, wraps, pizza, and a wide selection of wines, liquors, and beers. The market is a popular destination for locals and tourists alike, with its novelty candy being a particular hit with all ages. The included Class C package liquor license offers additional opportunities for delivery, catering, and on-site tastings. Now is the time to learn more about this Elk Rapids gem! Business is also being offered for sale separately, please see MLS 1920593 for details. Elk Rapids Village Zoning Codes can be found at www.elkrapids.org/planning-zoning. It is respectfully requested that you arrange a private showing and refrain from discussing this listing and/or the business with employees.
Own a piece of historic Elk Rapids! This fantastic opportunity has endless possibilities in the heart of downtown. The building has two residential units on the upper floor, two office spaces, and approximately 4,000 sq. ft. of retail space on the lower level. There is an elevator in the building allowing access to the upper floor. The residential units are completely updated. These units connect, so they may be combined for renting. All leases are currently month-to-month. Rent Roll and P/L are available with a signed NDA. Agent must be present for all showings. Please see the interactive floorplan for a realistic virtual tour
Business Only Sale: Are you a savvy investor looking for a profitable business venture? Look no further than the River Street Market! This established business is for sale and offers a unique opportunity to capitalize on the vibrant downtown Elk Rapids shopping district. Known for delicious sandwiches, wraps, and pizza, the River Street Market attracts both locals and tourists. The store also boasts a diverse selection of wines, liquors, and beers, as well as a variety of novelty candies. The sale includes the package liquor license, providing additional opportunities for growth through delivery, catering, and on-site tastings. The prime location near beaches, marinas, and tennis courts ensures a steady stream of customers, making this business an ideal investment. The current owners are eager to assist with a smooth transition and are open to negotiating a separate triple net (NNN) lease for the space. Don't miss this chance to own a thriving business with significant growth potential. Elk Rapids Village Zoning Codes can be found at www.elkrapids.org/planning-zoning. It is respectfully requested that you arrange a private showing and refrain from discussing this listing and/or the business with employees. Business and real estate can purchased together, please see MLS 1929268 for details.
Elk Rapids is located in Michigan. Elk Rapids, Michigan has a population of 1,438. Elk Rapids is less family-centric than the surrounding county with 11.77% of the households containing married families with children. The county average for households married with children is 21.8%.
The median household income in Elk Rapids, Michigan is $57,452. The median household income for the surrounding county is $60,378 compared to the national median of $69,021. The median age of people living in Elk Rapids is 58.4 years.
The average high temperature in July is 79.9 degrees, with an average low temperature in January of 15.9 degrees. The average rainfall is approximately 31.7 inches per year, with 110.9 inches of snow per year.
