USAMIElk Rapids002 Comm & Industrial151 River St
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151 River St, Elk Rapids, MI

House

For Sale

Listed price in listed location currency (USD).
$1,174,000

020

MLS® 1939910

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size 5580 sqft
Garage 
Taxes 
Days Active 134
Lot Size 
Approx. Age 1925
Avg. Price Per Sqft $210
MLS® Number 1939910

Property Address: 151 River St, Elk Rapids, MI, 49629-9614

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number1939910
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1925
BasementPartial
DrivewayPaved, On Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Dec 9, 2025List Date
$1,174,000List Price
-End Date
Not Sold YetSold Price

For Sale

Oct 24, 2025List Date
$1,174,000List Price
-End Date
Not Sold YetSold Price

For Rent

Dec 9, 2025List Date
$6,859List Price
  • Commute

Commute

Starting Address
Destination Address
151 River St, Elk Rapids, MI

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