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

For Sale

151 River St, Elk Rapids, MI 49629

This Elk Rapids property for sale is located at 151 River St. The current listed sale price for Prime 5,50 SF Single-Tenant Restaurant Building in the Heart of Downtown Elk Rapids is $1,224,000. Prime 5,50 SF Single-Tenant Restaurant Building in the Heart of Downtown Elk Rapids is situated on a lot that is 0.18 acre in size.

Contacts

Alex MacKenzie, CPA

Schmidt Realtors

Property Details

  • 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
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.
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Location

  • City Elk Rapids, MI
  • Zip Code 49629

Points of Interest

  • Mobil

    0.28 miles

  • Village Market Gas

    0.60 miles

  • Shell

    4.63 miles

  • Village Gas

    7.18 miles

  • BP

    7.78 miles

  • Rich

    9.61 miles

  • Elk Rapids Carpool Lot

    0.30 miles

  • Yuba Creek Carpool Lot

    5.46 miles

  • Acme Park-n-Ride

    9.53 miles

  • Skegemog Lake Wildlife Area Parking

    9.54 miles

  • Foundry

    0.00 miles

  • Chef Charles

    0.01 miles

  • Homemade Ice Cream Peddlers

    0.03 miles

  • Cellar 152

    0.03 miles

  • Flour Pot

    0.10 miles

  • Riverwalk Grill

    0.35 miles

  • Ames Street Cafe

    0.59 miles

  • Pearl's New Orlean's Kitchen

    0.89 miles

  • The Peninsula Grill

    4.65 miles

  • Old Mission Tavern

    5.21 miles

  • Elk Rapids General Store

    0.06 miles

  • Village Market Food Center

    0.62 miles

  • Village Market

    7.19 miles

  • Meijer

    9.34 miles

Contact Listing Broker
Alex MacKenzie, CPA

Schmidt Realtors

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