1508 N Mitchell Street, Cadillac, MI 49601
- $2,340,000
- 15
- BA
- List Price
- $2,340,000
- Price Change
- ▼ $10,000 1776120172
- Days on Market
- 193
- MLS#
- 26002162
- Status
- ACTIVE
- Type
- Commercial
- Bathrooms
- 15
- Full-baths
- 15
- Neighborhood
- Paul Bunyan - P
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.
Additional Information
- Taxes
- $34,004
- Acres
- 8.94
- Heating
- Forced Air
- School District
- Cadillac
- Total Parking Spaces
- 200
- Utilities
- Electricity Connected, Natural Gas Connected, Cable Available, Electricity Available, Natural Gas Available, Phone Available
- Water
- Public Water
Mortgage Calculator
Listing courtesy of Listing Agent: Joseph McNally from Listing Office: RE/MAX TOGETHER.
© 2026 Southwestern Michigan Regional Information Center, LLC. All rights reserved. Information deemed reliable but not guaranteed. The properties on this website come in part from the Broker Reciprocity Program of the Member MLSs of the Southwestern Michigan Regional Information Center. Data last updated .