127 River Street Active Save Request In-Person Tour Request Virtual Tour
Elk Rapids,MI 49629
Key Details
Property Type Commercial
Sub Type Retail/Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,947 sqft
Price per Sqft $269
Subdivision Mi
MLS Listing ID 1932738
Year Built 1910
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 44X116
Property Sub-Type Retail/Commercial
Property Description
Seize a unique investment opportunity in downtown Elk Rapids! The beloved River Street Market, is for sale. This successful business is known for its delicious food offerings, including sandwiches, wraps, and pizza, along with a wide selection of beverages and specialty items. The market's prime location in a bustling shopping district ensures a steady flow of customers, from both the community and tourists. The sale includes a valuable package liquor license, which opens the door to multiple growth opportunities such as delivery, catering, and on-site tastings. The business benefits from its proximity to popular attractions, including beaches, marinas, and tennis courts, providing consistent foot traffic. The property itself, a captivating 1910 storefront with original hardwood floors, was thoughtfully updated in 2023 to offer the perfect blend of historic charm and modern functionality. Its highly visible and accessible location offers exceptional potential for a new owner. This is an ideal opportunity for an entrepreneur looking to acquire a thriving business and property in a desirable community with a strong local economy.For information on Elk Rapids Village Zoning Codes, please visit www.elkrapids.org/planning-zoning. Showings are by appointment only. To maintain business operations, please refrain from discussing this listing with the employees. Business can purchase alone with lease option, please see MLS 1920593 for details.
Location
State MI
County Antrim
Zoning Other,Commercial
Rooms
Basement Crawl Space,Slab
Interior
Heating Forced Air,Central Air,Ductless A/C
Cooling Forced Air,Central Air,Ductless A/C
Exterior
Exterior Feature Vinyl,Wood
Roof Type Membrane
Present Use Restaurant/Food Service,Retail Store,Convenience Store
Road Frontage Public Maintained,Blacktop
Building
Sewer Municipal
Water Municipal Water
Others
Tax ID 05-43-010-008-00
Ownership Private Owner
Acceptable Financing Commercial Loan,Cash,1031 Exchange
Listing Terms Commercial Loan,Cash,1031 Exchange