Listing provided courtesy of REO-TCFront-233021MLS# 1943032MLS ProviderContact Information: 231-947-9800
  • 105 days on site
  • 12 views

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.

Source: Northern Great Lakes MLS, MLS#: 1943032

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  • Property Type
    Commercial Sale
  • Lot
    0.18 acres

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Kevin Prokopp

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 201 River Street


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/20/2026Source: Great Lakes Repository Status Change
Active
6/18/2026Source: Great Lakes Repository Status Change
Active
6/17/2026Source: Great Lakes Repository Status Change
Back on Market
6/17/2026Source: Great Lakes Repository Status Change
Back on Market
6/17/2026Source: Great Lakes Repository Status Change
Expired
6/3/2026Source: Great Lakes Repository Status Change
Expired
3/17/2026Source: Great Lakes Repository Added to Database
March 17, 2026
10/15/2025Source: Great Lakes Repository Price Reduction
$1,550 -6.1%
6/2/2025Source: Great Lakes Repository Added to Database
June 02, 2025
4/7/2025Source: Great Lakes Repository Status Change
Leased