Outstanding investment opportunity in the Village of Elk Rapids. This well-maintained 1,670 sq. ft. multi-use commercial property offers high visibility in a strong traffic corridor with municipal water/sewer, paved parking, and energy-efficient systems, including natural gas forced air heat and central air. it is ideal for office, retail, or a live-work setup, all within walking distance to schools, the grocery store, golf course, and downtown waterfront attractions. The front unit is approximately 1,120 sq. ft. and features 3 bedrooms, 1 bath, and in-unit laundry. It can be used commercially or residentially, creating numerous income strategies for an owner-operator or investor. The back unit is a fully furnished 550 sq. ft. efficiency apartment with 1 bedroom, 3/4 bath, kitchen, and its own washer and dryer. This unit includes an existing short-term rental permit, making it immediately ready for STR income, or it may be used as a long-term rental. Both units can also be reconnected if a future buyer prefers a single-family home layout. Plenty of parking with 10 paved spaces, plus a partially fenced outdoor space in the backyard. The home is both stick-built and BOCA. Two of the bedrooms do not have closets. It has a beautifully landscaped yard with a sprinkler system and drip lines in the flower beds. Proximity to multiple recreation areas adds more appeal: Elk Lake’s Rotary Park and boat launch are just one mile south, Damn Beach and East Bay are a mile west with over 1,100 ft. of sandy shoreline, and Bass Lake is one mile north for fishing and outdoor enjoyment. Live, work, rent, or operate — this versatile investment in a desirable Lake Michigan community checks all the boxes.
Sold for $370,000
Zillow last checked:
Listing updated:
Bought with:
Jan Plantrich, 6501268601
Bayside Real Estate
Source: NGLRMLS,MLS#: 1940329
Price history
| Date | Event | Price |
|---|---|---|
| 1/13/2026 | Sold | $370,000-7.3%$275/sqft |
Source:  NGLRMLS #1940329 Report a problem | ||
| 1/11/2026 | Pending sale | $399,000$297/sqft |
Source: NGLRMLS #1940329 Report a problem | ||
| 11/7/2025 | Listed for sale | $399,000+149.5%$297/sqft |
Source: NGLRMLS #1940329 Report a problem | ||
| 9/16/2015 | Listing removed | $159,900$119/sqft |
Source: Keller Williams Lakeside Properties #1795184 Report a problem | ||
| 9/4/2015 | Price change | $159,900-5.9%$119/sqft |
Source: Keller Williams Lakeside Properties #1795184 Report a problem | ||
| 2/19/2015 | Listed for sale | $169,900+6.3%$126/sqft |
Source: Keller Williams Lakeside Properties #1795184 Report a problem | ||
| 6/30/2014 | Listing removed | $159,900$119/sqft |
Source: Keller Williams Lakeside Properties #1745069 Report a problem | ||
| 11/16/2013 | Price change | $159,900-5.9%$119/sqft |
Source: Keller Williams Lakeside Properties #1745069 Report a problem | ||
| 5/20/2013 | Listed for sale | $169,900$126/sqft |
Source: Keller Williams Lakeside Properties #1745069 Report a problem | ||
Sell for more on Zillow
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$383,600
2% more
+$7,672
With Zillow Showcase(estimated)
$391,272
