Price: $ 1,350,000.00
Square Ft.: 8355
Price/SQFT: $ 161.58

Own a piece of historic Elk Rapids! This fantastic opportunity is located in the heart of downtown Elk Rapids and has endless possibilities. The building has two residential units, two office spaces that are currently occupied month to month and a large retail space that is both also occupied month to month and another portion a renewable 1-year lease. There is an elevator in the building allowing the residential units to be accessible. The residential units are completely updated! Please note renderings in associated documents. Changes are on the way. Designs for additional rental units are in Rendering 1. Rent Roll and P/L are available with a signed NDA. Agent must be present for all showings.

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Basic Features:

Listing # 1913416
City: Elk Rapids
State: MI
Zip: 49629
Area: Antrim
Neighborhood:
Acres: 0.18
Square Ft: 8355

Additional Features:

Basement: Block,Poured Concrete	Location: Corner Lot,Freestanding
Business Included: No	Lot:
Business Name: None	Miscellaneous:
Construction: Brick,Frame	Documents:
Zoning: Industrial,Commercial	Possession: Within 30 Days,Subject to Tenants Rights
Deeded Water: No	Property Status: Active U/C Taking Backups
Dimensions: 69x115.6	Real Estate Included: Yes
Directions: US 31 to Village of Elk Rapids to west on River St to corner of Cedar	Remodeled: 2017
Days On Market: 303	Road Frontage: Public Maintained,Blacktop
Days On MLS: 303	Roofing: Asphalt,Membrane
ECO Features: No	For Sale Or Lease: For Sale
Extras: 12ft Ceiling Height	For Sale Or Rent: For Sale
Financing:	Special Assessment:
Floor Type:	Township: Elk Rapids
Heating/Cooling: Natural Gas,Electric,Mutiple Units	Vacant: No
Heating/Cooling Type: Forced Air,Central Air,Ductless A/C	Water:
Inventory Included: No	Year Built: 1924
Licenses: None

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Listing courtesy of REO-TCFront-233021
511 E Front Street , Traverse City , MI 49686