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Listed by Alex MacKenzie • Coldwell Banker Schmidt Traver
$ 1,249,000
Est. payment | /mo
5,580 SqFt
$ 1,249,000
Est. payment | /mo
5,580 SqFt
Key Details
Property Type Commercial
Sub Type Hospitality
Listing Status Active
Purchase Type For Sale
Square Footage 5,580 sqft
Price per Sqft $223
Subdivision Mi
MLS Listing ID 1939910
Year Built 1925
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions ~67'x114'
Property Sub-Type Hospitality
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.
Location
State MI
County Antrim
Zoning Commercial,Restaurant/Food
Rooms
Basement Partial
Interior
Heating Forced Air, Central Air
Cooling Forced Air, Central Air
Exterior
Exterior Feature Brick
Roof Type Membrane
Present Use Restaurant/Food Service
Road Frontage Public Maintained
Building
Sewer Municipal
Water Municipal Water
Others
Tax ID 05-43-010-017-00
Ownership Private Owner
Acceptable Financing Commercial Loan, Cash, Other
Listing Terms Commercial Loan, Cash, Other
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Stacy Allman
Broker/Owner | Lic# 6502433438