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Jenn Smart

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151 River , Elk Rapids, MI 49629
$6,859
Est. Payment: $35.74/mo
0 Bed
0 Bath
5580 Sqft
Status: active with contingency | Days on site: 311
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Prime 5,580 SF single-tenant restaurant space 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 experienced operator seeking a premium hospitality location. 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 lease a fully equipped, turn-key restaurant space with outdoor dining in one of Northern Michigan’s most desirable downtown markets. $15/SF NNN.

Highlights

Listed by Alex MacKenzie , 231-499-0529 Coldwell Banker Schmidt Traverse City , 231-922-2350. MiRealSource, Inc. mls logo

Property Type

Business Opportunity

Lot/Acreage
0.18

Year Built

1925

County

Antrim

Area

Elk Rapids Twp (05006)

Neighborhood

N/A

Listing ID

80063140

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Central A/C
Fireplaces:
Above Ground Sq Ft:5580
Water:Public Water

Exterior Features

Lot Dimensions:~67'x114'
Zoning:Commercial
Sewer:Public Sanitary
Principal Interest
$36
Taxes
$4

Home Price

$6,859

Loan Details

30 yrs
6.792%

Down Payment

20%
$1,372
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$35.74

Principal

Taxes

Principal Taxes HOA Total
Monthly $35.74 $4.37 $0.00 $40.12
Yearly $428.92 $52.47 $0.00 $481.39
Total $12,867.55 $1,574.14 $0.00 $14,441.69
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Elk Rapids, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

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Data last updated: 2026-09-02T01:10:54.300Z

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