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About This Home

This 0-bedroom, 6-bathroom commercial at 117 N Mitchell Street in Cadillac, MI is listed for $975,000 ($80 per sqft). Built in 1905, the home offers 12,135 sqft of living space on a 0.14 acres lot.

Agent Description

The Historic Kramer Building | Downtown Cadillac, MI Income-producing property in the heart of Cadillac's vibrant downtown! The iconic Kramer Building combines historic charm with modern updates, offering over 12,000 SF of leasable area across three stories.

A cornerstone of the city's central business district, this property features a mix of high-quality, long-term tenants and has been meticulously maintained inside and out. Recent upgrades include electrical, flooring, paint, and mechanical improvements, all while preserving the building's architectural integrity.

Many suites feature exposed brick walls, tall ceilings, and large windows that fill the spaces with natural light and provide views of Lake Cadillac. Each suite is individually metered for gas and electric and equipped with its own heating and cooling system.

(See 'More...') The building is ADA-compliant, offering a modern elevator system that provides full accessibility to all three floors--an uncommon and valuable feature in a historic downtown property. The elevator serves both front and rear entries, ensuring that all tenants, clients, and visitors can easily navigate the building, whether accessing ground-level retail or upper-level professional offices.

This amenity not only meets accessibility standards but also enhances the overall convenience, marketability, and long-term value of the asset. Property amenities include on-street parking at the front door and direct access to a large public parking lot at the rear, providing exceptional convenience and visibility for tenants and patrons alike.

Walkable to Lake Cadillac, the City Park, restaurants, retail, and professional services, this property sits at the center of the Downtown Development Authority (DDA) district--an area known for its year-round community activity and business growth. A rare opportunity to own a landmark income property that blends modern functionality with historic distinction.

Highlights: Income-producing downtown asset with strong returns. The Kramer Building delivers over 12,000 SF of stabilized leased space with long-term tenants and separate utility metering for maximized efficiency. ADA elevator access, modern systems, and low maintenance costs support reliable cash flow. Located in Cadillac's active DDA district with high visibility and foot traffic, this turnkey portfolio offers above-average ROI and long-term value growth in a proven rental market.

Key Features

  • Built in 1905
  • 0.14 acre lot
  • 3 stories

Property Details

3 stories
6 full
1905

Amenities

A/C

Monthly Cost Estimate

$5,215/mo

20% down · 6.5% · 30 years

Principal$705
Interest$4,225
Insurance$284

Estimates only. Actual payments may vary.

Location

117 N Mitchell Street

Cadillac, MI 49601

Property Details

Construction

Brick

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 0-bedroom, 6-bathroom commercial at 117 N Mitchell Street is listed at $975,000 ($80/sqft). The estimated monthly payment is $4,225 based on 20% down at 6.5% interest.

Key features include: Built in 1905, 0.14 acre lot, 3 stories.

This property is listed by Daniella M Bell and can be reached at 2319203264 or daniella.bell@cbgreatlakes.com.

DB

Daniella M Bell

Agent at Cb Schmidt - Cadillac

(231) 920-3264

Listed by Cb Schmidt - Cadillac

MLS# 26007115· Source: listhub· Updated 181 days ago

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117 N Mitchell Street, Cadillac, MI 49601

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