Nikki Trombley - Arterra Realty Logo
$2,340,000
( $48.81Per Sq Foot )
 $12,562 est/mo Sourced by Back At You

1508 N Mitchell Street,Cadillac, MI 49601

Cadillac, MI 49601

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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.

Details

MLS #70511846
Listing TypeFor Sale
StyleCommercial,investment
Sub-TypeResale
StatusActive
Year1980
Days On Site258
Listing Provided ByRE/MAX TOGETHER | Joseph McNally

Features

SQ Feet47,945
Acreage8.94

Interior

Heating Yes / NoYes
HeatingForced Air

Exterior

Construction MaterialsBrick, Concrete, Steel Siding

Parking

Parking Features100+ Spaces

Other

List AorWest Central Association of REALTORS

Taxes

Property34004

Area Information

StateMI
CountyWexford
CityCadillac
Zip Code49601
AreaHaring Twp (83009)
Listing VS Median (in 49601)
Price:
$2,340,000
low | high
Med:
$277,400
100% of Average
sqft:
47,945
low | high
Med:
1,336
100% of Average
$ / sqft:
$49
low | high
Med:
$208
100% of Average
On site:
258
low | high
Med:
78
100% of Average
Sourced by Back At You

Market Activity 49601

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Additional Information

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Learn More About This Property

Nikki Trombley

Nikki Trombley

Arterra

 (586) 255-1223salesbynikki@gmail.com
StateMI
CountyWexford
CityCadillac
Zip Code49601
AreaHaring Twp (83009)
Listing VS Median (in 49601)
Price:
$2,340,000
low | high
Med:
$277,400
100% of Average
sqft:
47,945
low | high
Med:
1,336
100% of Average
$ / sqft:
$49
low | high
Med:
$208
100% of Average
On site:
258
low | high
Med:
78
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.755M - $2.925M
sqft: 35,500 - 59,500
Nearby Listings Property ImageNearby Listings Details
1508 N Mitchell Street Property Photo 1
$2,340,000
1508 N Mitchell Street
Cadillac, MI 49601
Listing Updated: September 29, 2026 at 6:35:14 AM PDT