151 River Street, Elk Rapids, MI

Others for Sale - $1,249,000 - 5,580 Sq. Ft.


Agent Info

Alex MacKenzie
Coldwell Banker Schmidt Realtors

Property Info

CIMLS#1183178
Location
  151 River Street
  Elk Rapids MI 49629
UpdatedOctober 25th, 2025
TypeOthers
Price$1,249,000
Building5,580 Sq. Ft.

Property Description

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.


Financials


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