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5,580 sqft

$1,174,000

151 River, Elk Rapids MI, 49629

Price per sqft$210.39
Built in1925
Property size5,580 sqft
Property typeCommercial

Overview

Under contract

Accepting Backup Offers

Updated 2 weeks ago

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.

Also listed on NGLRMLS

 

Courtesy of Coldwell Banker Schmidt Traverse City

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Data last updated 12:30 AM UTC, 10/17/2026

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