Cadillac, MI 49601,1508 N Mitchell Street
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Cadillac, MI 49601,1508 N Mitchell Street
Cadillac, MI 49601,1508 N Mitchell Street
Cadillac, MI 49601,1508 N Mitchell Street
Cadillac, MI 49601,1508 N Mitchell Street
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Karen Austin

Karen Austin

+1(517) 290-4493
$ 2,350,000
Est. payment /mo
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1508 N Mitchell Street Cadillac, MI 49601

15 Baths

47,945 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 47,945 sqft

Price per Sqft $49

Municipality Haring Twp

MLS Listing ID 26002162

Full Baths 15

Year Built 1980

Annual Tax Amount $34,004

Tax Year 2025

Lot Size 8.940 Acres

Acres 8.94

Lot Dimensions Irregular

Property Sub-Type Retail

Source Michigan Regional Information Center (MichRIC)

Property Description

Joe McNally and RE/MAX Together are pleased to offer The Mitchell Street Mall in Cadillac, MI. This is a 91% leased stable asset, that offers an investor the rare opportunity to acquire a well constructed and maintained multi tenant retail center at almost a 20 percent Cash-on-Cash Return and a current 8+ cap rate, with tremendous upward opportunity through the one vacant unit, an anchor store sized 25,000 square feet unit ready for investors or delevopers to step into as a turn-key major store space, complete with commercial loading docks, inventory space, and storage areas (previously JC Penny). This incredible location is set in the heart of one of Cadillac's most highly traffic corridors. Annual gross incomes exceed $270,000, with enormous upward potential. Most units have been recently renovated and built out, and have long term leases in place with stable businesses in place. This is a hard-to-find investment opportunity, call today for more information.

Location

State MI

County Wexford

Area Paul Bunyan - P

Direction From Big Rapids, North on 131 to Cadillac, Near Cadillac's busy North end. Corner of Mitchell St. and Bell Ave.

Interior

Interior Features Broadband

Heating Forced Air

Cooling Central Air

Inclusions Real Estate

Exterior

Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected

View Y/N No

Street Surface Paved

Total Parking Spaces 200

Building

Structure Type Brick

New Construction No

Schools

School District Cadillac

Others

Tax ID 2209-28-4202

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Listed by RE/MAX TOGETHER

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Karen Austin
Karen Austin

Broker Associate

+1(517) 290-4493 | karenaustin4@gmail.com

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