10774 S US-31, Elk Rapids Township, MI 49690
SUNSET SHORES · Antrim County
Key Facts
Description
Prime Business Opportunity on US 31 Elk Rapids/Traverse City Corridor! Positioned on one of Northern Michigan's most traveled routes. This 1.4 acre multi-building property is zoned R2, allowing for a wide range of uses. Located just 2 miles south of Elk Rapids, 12 miles north of Traverse City and 7 miles from Flintfields and the Traverse City Equestrian Festival that runs June through September. In particular this property has the Elk Rapids Township approval for 3 SHORT and LONG term rental units across 2 buildings which can potentially capture the lucrative summer rental period. Each unit is completely furnished with full kitchens, washers and dryers, and reverse osmosis drinking water.Two of the three units are protected by a fire suppression system and Generac generator. Also included is a Deeded 200' private shared beach on beautiful East Grand Traverse Bay- one mile south at the end of Sunset Shores Rd. Strategically located, this is a one of a kind property and is ideally suited for serving equestrian visitors, seasonal tourism and destination clients.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Year Built
1940
Living Area
5,500 sq ft
Lot Size
1.44 acres
Lot Dimensions
200x276x217x352
Garage Spaces
2
Days on Market
136
MLS® Listing#
78080064882
Property Features
Interior
Appliances
Cooling
Heating
Basement
Parking
Patio
Lot Features
Construction
Other Structures
Sewer
Water Source
Rooms
- Bedroom 114.0Main
- Bedroom 220.0 x 8.0
- Bedroom 310.0 x 8.0Main
- Bedroom 411.0Main
- Dining Room15.0 x 12.0Main
- Kitchen17.0 x 7.0Main
- Laundry10.0 x 6.0Main
- Library
- Living Room25.0 x 15.0Main
Financial Details
HOA
Yes
Annual Taxes
$10,131
Assessed Value
$253,575
Parcel Number
050655003700
Affordability Calculator
$149,980
Estimated monthly payment
$3,991/mo
Principal $599,920 · Est. interest $836,942 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Elk Rapids Township, MI
- $393,335
- Median Listing Price
- 60
- Median Days on Market
- 1,856
- Median Sq Ft
- $205
- Median Price / Sq Ft
- 12,390
- Active Listings
- This home’s price is 91% above the area median.
- Its price per sq ft is 33% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Elk Rapids Township, MI.
Location
Points of Interest in Elk Rapids Township, MI
Showing the Elk Rapids Township area map.
Nearby Schools
Elk Rapids High School
Secondary · 1.8 mi away
Cherryland Middle School
Secondary · 1.9 mi away
Elk Rapids Public School
Secondary · 1.9 mi away
Elk Rapids Schools
Elementary · 2.0 mi away
Old Mission Peninsula School
Elementary · 4.7 mi away
Elk Rapids Schools
Elementary · 7.3 mi away
Rapid City Elementary School
Elementary · 7.6 mi away
Traverse Bay Christian School
School · 10.4 mi away
Community Children's Center
School · 10.6 mi away
Eastern Elementary School
Elementary · 10.9 mi away
Traverse City Area Public Schools
Elementary · 11.0 mi away
Traverse City Central High School
Secondary · 11.1 mi away
Kitchi Minogining Tribal School
School · 11.4 mi away
North Ed Career Tech
Secondary · 11.4 mi away
Traverse Bay Area Intermediate School
School · 11.4 mi away
Manufacturing Technology Academy
School · 11.4 mi away
Bethlehem Nursery School
Elementary · 11.4 mi away
Traverse City High School
Secondary · 11.4 mi away
Oak Park Elementary School
Elementary · 11.5 mi away
Pathfinder School
School · 11.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 23753 Red Arrow Highway, Antwerp Township, MI | $540,000 | 10 | — | — |
| 1392 Maple Grove Road, Lapeer Township, MI | $599,000 | 13 | 8 | 6,216 |
| 1392 Maple Grove Road, Lapeer Township, MI | $599,000 | 13 | 8 | 6,216 |
| 3778 N. Custer Road, Frenchtown Township, MI | $599,000 | 10 | 6 | 5,532 |
| 4475 RICHFIELD Road, Genesee Charter Township, MI | $600,000 | 13 | — | 13,775 |
| 1316,28&70 E Chauvez Road, Custer Township, MI | $700,000 | 15 | 9 | 7,600 |
Moving Cost Estimate
EXIT Agents in Elk Rapids Township
Listing Courtesy: REMAX Of Elk Rapids - 2312645400
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