Great North Properties...
Sarah Burlingame
231 264-6604231 264-6604

201 River Street, Elk Rapids, MI 49629 (MLS # 1814842)

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PRICE $705,000
SIZE 8,355 sq ft
LOT SIZE 7,840 sqft

Beautifully restored historic brick building on a corner lot in downtown Elk Rapids, mostly leased, showing good income. Property also has the best vacant parcel in downtown Elk Rapids. Room to expand. Front offices have a beautiful view of the Elk Rapids marina & E Grand Traverse Bay. Suitable for a variety of commercial uses: medical, office, retail, etc. The northernmost 2nd floor 1,500 sq ft unit is currently vacant. 850 sq ft upstairs tenant Manning Tax Service/Harry Dickson leases for $1,250/m. 4,300 sq ft main floor tenant Harbor Antiques leases for $4,500/m. 780 sq ft main floor tenant Edward Jones leases for $1,200/m. All 3 tenants are on a m to m basis. Edward Jones is moving upstairs sometime yet this year. The plan is they are going to pay for the remodeling they want done then they'll sign a 5 year lease at $2,000/m in year 1 then $2,050 in year 2 then $2,100 in year 3 and so on. Appraised in 2012 for $780,000.

DAYS ON MARKET 673 LAST UPDATED 2/28/2018
YEAR BUILT 1924 COUNTY Antrim
STATUS Sold PROPERTY TYPE(S) Commercial

PRICE HISTORY
Prior to Jun 29, '17 $795,000
Jun 29, '17 - Today $749,000


ADDITIONAL DETAILS
BUSINESS INCL No
CLASS Commercial
CONSTRUCTION Brick
DEEDED WATER No
DOCUMENTS ON FILE Other
ECO FEATURES No
EXTERIOR FEATURES Brick
EXTRAS Elevator
FOUNDATION Partial
HEATING/COOLING SOURCE Mutiple Units, Natural Gas
HEATING/COOLING TYPE Central Air, Forced Air
INCLUDED IN LEASE Other
INVENTORY INCL No
LISTING SYNDICATION Yes
LOCATION Corner Lot
OCCUPIED Yes
ORIGINATING MLS TAAR
PARKING Other
PRESENT USE Medical/Dental, Office Building, Retail Store
RANGE R 9W
ROAD Blacktop, Public Maintained
ROOF Asphalt, Membrane
SALE OR LEASE For Sale
SALE/RENT For Sale
SECTION # 20
SEWER Municipal
TERMS Cash, Commercial Loan
TOWN T 29N
TOWNSHIP Elk Rapids
TYPE Mixed Use
TYPE OF OWNERSHIP Private Owner
UNIVS DESIGN/BARRIER FREE Other
VACANT LAND No
VARIABLE RATE No
WATER Municipal Water
ZONING Commercial, Office, Restaurant/Food, Retail

ZESTIMATE
201 River Street, Elk Rapids, MI

RENT ZESTIMATE
$ / mo.  201 River Street, Elk Rapids, MI

58 Somewhat Walkable



 
CONTACT US ABOUT 201 RIVER STREET
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Listing provided by Coldwell Banker Schmidt-402. 402 E Front Street, Traverse City, Mi, 49686

The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
Copyright © Northern Great Lakes REALTORS ® MLS. All Rights Reserved.

Data last updated: 12/8/19 7:30 PM PST

About Sarah Burlingame

Picture of Sarah Burlingame

Sarah Burlingame

Realtor

Bgamesells@hotmail.com

231-828-8463231-828-8463 main

Real Estate One, A Family of Companies

101 River PO Box 308 Elk Rapids, MI

Reviews

5user5332851

Sarah was very easy to work with. She made it a friendly transaction, not a chore. She covered everything to make the deal as easy as possible. When it came down to crunch time and the bank was taking their time, she got on it and get the situation under... (more)

5user4191006

Sarah worked with our schedule and was always very flexible. She worked very hard for us and found us exacly what we were looking for. After finding our dream place, she advised us through the entire process which proved very beneficial. If you are looking... (more)

5user0311176

If your looking for a real estate professional, look no more. Sarah Burlingame is the very BEST! She is very knowledgable, professional, flexible, and will always get you the best possible deal. You will not be dissapointed. She had my house sold within... (more)

Review Sarah Burlingame on Zillow.com

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