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151 River Street

Elk Rapids, MI 49629
  • $6,859
  • STATUS: Active
  • ON SITE: 178 Days
  • MLS #: 1939911
UPDATED: 23 min ago
$6,859
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,580
    SQFT
  • $1
    $/SQFT
Neighborhood:
N/A
Type:
Commercial-Lease
Built:
1925
County:
Area:

School Ratings & Info

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.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2026 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2026-04-21T21:51:53.68.
www.housestraversecity.com/homes/169232788
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151 River Street Elk Rapids, MI 49629

  • Price: $6,859
  • Status: Active
  • On Site: 178 Days
  • Updated: 23 min ago
  • MLS #: 1939911
0
Beds
0
Baths
0
½ Baths
0.18
Acres
5,580
SQFT
$1
$/SQFT
1925
Built
Neighborhood:
N/A
County:
Antrim
Area:
Antrim
Property 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.
Exterior Features

Construction Materials Brick Garage YN No Roof Membrane

Interior Features

Above Grade Finished Area Units Square Feet Accessibility Features Accessible DoorsAccessible Hallway(s)Main Floor AccessAccessible Entrance Basement Partial Below Grade Finished Area Units Square Feet Cooling Central Air Cooling YN Yes Furnished Furniture/Fixtures Heating Forced AirNatural Gas Heating YN Yes

Property Features

Association Fee Frequency Annually Building Features Other Business Incl No Business Type Food & Beverage Deeded Waterfront No ECOFeatures No Inventory Incl Yes Lease Amount Frequency Annually Lease Considered YN Yes Lease Price Per Month 6859 Lease Renewal Option YN No Lot Features Corner LotFreestanding New Construction YN No Occupied No Open Parking YN Yes Other Parking PavedStreet Parking Ownership Type Private Owner Parking Features PavedOn Street Possession Close Of Escrow Property Sub Type Hospitality Rent Includes Other Road Responsibility Public Maintained Road Security Features Security SystemFire Sprinkler System Sewer Public Sewer Special Licenses LiquorBeer/WineOther Tax Assessed Value 479336 Tax Legal Description partial from tax ID: LOT 9 PLAT OF THE VILL OF ELK RAPIDS Water Source Public Waterfront YN No Year Built Effective 2023 Zoning Description CommercialRestaurant/Food

Listing information © 2026 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Coldwell Banker Schmidt Traverse City: 231-922-2350.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2026 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2026-04-21T21:51:53.68.
 
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Traverse City MI, 49684