- For Lease $15.00/SF/YR
- 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.
True
1 Space Available
151 River Street Elk Rapids, MI 49629
Space Type
Retail
Lease Rate
$15.00/SF/YR
Total Space
5,580 SF
Divisible Space
5,580 - 5,580 SF
Available Date
Immediate
Lease Type
NNN
Renewal Option
Yes
Sublease
No
Turnkey
Yes
Contacts
Alex MacKenzie, CPA
Schmidt Realtors
Location
Contact Listing Broker
Alex MacKenzie, CPA
Schmidt Realtors