Seller's Agent in 2026
Erica Foerster
Real Estate One
(231) 242-3576
173 Total Sales
Estimated Value: $391,020
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.
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $175,000 | -- | ||
| $157,000 | -- | ||
| $130,000 | -- |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $4,756 | $134,100 | $0 | $0 |
| 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
173 Total Sales
L
Seller Co-Listing Agent in 2026
Laura Cobb
Real Estate One
(231) 264-6604
118 Total Sales
Buyer's Agent in 2026
Jan Plantrich
Bayside Real Estate
(248) 247-1040
15 Total Sales
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1940329
APN: 05-43-275-011-00
Ask me questions while you tour the home.