Seller's Agent in 2026
Erica Foerster
Real Estate One
(231) 242-3576
194 Total Sales
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.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $175,000 | -- | |
| Warranty Deed | $157,000 | -- | |
| Deed | $130,000 | -- |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/13/2026 01/13/26 | Sold | $370,000 | -7.3% | $275 / Sq Ft |
| 01/11/2026 01/11/26 | Pending | -- | -- | -- |
| 11/07/2025 11/07/25 | For Sale | $399,000 | -- | $297 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,070 | $107,900 | $0 | $0 |
| 2024 | $40 | $93,500 | $0 | $0 |
| 2023 | $3,875 | $94,800 | $0 | $0 |
| 2022 | $3,158 | $79,200 | $0 | $0 |
| 2021 | $3,226 | $81,400 | $0 | $0 |
| 2020 | $2,510 | $74,900 | $0 | $0 |
| 2019 | $2,542 | $70,900 | $0 | $0 |
| 2018 | $3,224 | $62,100 | $0 | $0 |
| 2017 | $2,645 | $56,400 | $0 | $0 |
| 2016 | $2,311 | $57,200 | $0 | $0 |
| 2015 | -- | $57,400 | $0 | $0 |
| 2014 | -- | $52,000 | $0 | $0 |
| 2013 | -- | $51,300 | $0 | $0 |
Seller's Agent in 2026
Erica Foerster
Real Estate One
(231) 242-3576
194 Total Sales
L
Seller Co-Listing Agent in 2026
Laura Cobb
Real Estate One
(231) 409-7712
126 Total Sales
Buyer's Agent in 2026
Jan Plantrich
Bayside Real Estate
(248) 247-1040
16 Total Sales
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1940329
APN: 05-43-275-011-00