132 Ames St

Elk Rapids, Michigan 49629

$399,000

3 Beds

2 Baths

1,344 SQ. FT.

8,276 Sq Ft Lot

132 Ames St

Elk Rapids, Michigan 49629

$399,000

3 Beds

2 Baths

1,344 SQ. FT.

8,276 Sq Ft Lot

Overview

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 Lakes 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.