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.
* This payment calculator is intended for educational and planning purposes only. ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
