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About This Home
This 0-bedroom, 15-bathroom commercial at 1508 N Mitchell Street in Cadillac, MI is listed for $2,350,000 ($49 per sqft). Built in 1980, the home offers 47,945 sqft of living space on a 8.94 acres lot.
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 opportunit
y 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.
Key Features
- Built in 1980
- 8.94 acre lot
- 200 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$12,568/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1508 N Mitchell Street
Cadillac, MI 49601
Features & Amenities
Interior Features
Property Details
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 15-bathroom commercial at 1508 N Mitchell Street is listed at $2,350,000 ($49/sqft). The estimated monthly payment is $10,183 based on 20% down at 6.5% interest.
Key features include: Built in 1980, 8.94 acre lot, 200 parking spaces. Interior Features: Broadband.
This property is listed by Joseph McNally and can be reached at 6163073026 or joemcnallyhomes@gmail.com.