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

For Lease

151 River St, Elk Rapids, MI 49629

You can currently find 1 retail space(s) available for lease at Prime 5,50 SF Single-Tenant Restaurant Building in the Heart of Downtown Elk Rapids. Designated use type for space listed here includes retail. Current retail listings at this property total 5,580 square feet. Lease type options include NNN. Expand the listing and property details below for additional information on leasing opportunities at Prime 5,50 SF Single-Tenant Restaurant Building in the Heart of Downtown Elk Rapids.

Space Available For Lease 1

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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Getting around

  • 60/100

    Walk Score ®

  • 59/100

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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

151 River St Listing Brief

  • A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

    Retail space at Prime 5,50 SF Single-Tenant Restaurant Building in the Heart of Downtown Elk Rapids asks $15.00/SF/YR per square foot.

  • The property includes 5,580 square feet of retail space for lease. Of this total, 5,580 square feet are Retail.

    Lease agreement conditions for the availability at this property include NNN.

    For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.

  • You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

    151 River St was last renovated in 2023.

Contact Listing Broker
Alex MacKenzie, CPA

Schmidt Realtors

  1. 1Main information
  2. 2Extra information
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