201 River Street $1,398,000

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    201 River Street Elk Rapids, MI 49629

    • 0.18 Acres
    • Commercial
    • MLS# 1927080
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    Views: 29 Days On Site: 53

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    Property Details

    Description Tours

    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

    • General Features
      • Licenses None
      • Energy Efficient Energy Star Appliances
      • Included In Lease None
      • Business Incl No
      • Business Name None
      • Type of Ownership Private Owner
      • Approx Year Built 1924
      • Year Remodeled 2017
      • Type Mixed Use
      • Town T 29N
      • Township Elk Rapids
      • Present Use Office Building,Retail Store
    • Building Features
      • Extras 12ft Ceiling Height
      • Foundation Block, Poured Concrete
      • Heating Cooling Source Natural Gas, Electric, Mutiple Units
      • Roof Asphalt, Membrane
      • Heating Cooling Type Forced Air, Central Air
      • # Restrooms 6
      • Apx Total Fin SQFT 8,355
    • Property Features
      • Water Municipal Water
      • Vacant Land No
      • Univs Design/Barrier Free Elevator
      • Road Public Maintained, Blacktop
      • Sewer Municipal
      • Parking Street Parking, Other
      • Exterior Features Wood, Brick
      • Construction Brick, Frame
      • Lot Dimensions 69x115.6
      • Location Corner Lot, Freestanding

    Neighborhood

    49629 (Elk Rapids) Demographics

    60 Median Age
    229 Population Density (per sq. mile)
    57% College Educated
    $66,161 Estimated Median Income
    867 Estimated Total Home Owners
    176 Estimated Total Renters
    83% / 17% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    2,129 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $360,500 Median Sales Price
    12 Homes Sold
    12 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,398,000
        9/16/2024 4:06:08 AM Status Changed Source: Multiple Listing Service New Value: Active
        9/13/2024 7:36:00 AM New in Database Source: Multiple Listing Service New Value: $1,398,000

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        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.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.