What is the asking price for Prime 5,50 SF Single-Tenant Restaurant Building in the Heart of Downtown Elk Rapids?

The lease rate for space here is Contact for pricing.

What type of property tenancy can you find at Prime 5,50 SF Single-Tenant Restaurant Building in the Heart of Downtown Elk Rapids?

This property is listed as Single Tenant.

What is the total size of Prime 5,50 SF Single-Tenant Restaurant Building in the Heart of Downtown Elk Rapids?

The property has a total square footage of 5,580 SF.

When was this property built?

Prime 5,50 SF Single-Tenant Restaurant Building in the Heart of Downtown Elk Rapids was built in 1925.

How many parking spaces are available at Prime 5,50 SF Single-Tenant Restaurant Building in the Heart of Downtown Elk Rapids?

Parking information for the property isn't currently listed. However, other nearby parking options include Elk Rapids Carpool Lot, located 0.30 miles away , and Yuba Creek Carpool Lot, which is 5.46 miles away.

151 River St, Elk Rapids, MI 49629

For Sale $1,224,000
Property Type Retail - Restaurant
Property Size 5,580 SF
Lot Size 0.18 Acre
Property Tenancy Single Tenant
Year Built 1925
Year Renovated 2023
Date Updated Mar 30, 2026

Description

West on River St from US-31 S, property will be on your left.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.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.