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119 S Mitchell Street Cadillac, MI $ 945,000
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$ 945,000 Get more info
119 S Mitchell Street
$ 945,000
Back to search
Share Save

119 S Mitchell Street

Cadillac, MI, 49601
$ 945,000
Baths3.0

Monthly Estimate*

$ 6,601

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Studio

Commercial Property for sale in Cadillac, MI

for $945,000 with 3 full baths. This building was built in 1880 on a lot size of 0.12.

This fully operating restaurant business is ready for a new owner to step in with the previous owners scaling back into retirement. The building was fully renovated in 2018 during the restaurant buildout. It included mechanicals, second-floor deck addition, sprinkler system, full kitchen building out, full bar buildout, and the professionally designed full interior buildout. This restaurant was built from the studs-in with the experience of the owner's 3 previous restaurant ventures, resulting in perfect kitchen workflow and efficient use of space. Owner is willing to meet with prospects and provide insight to help with the transition. Financials can be provided with a signed confidentiality agreement & showing scheduled. You could not create this opportunity from scratch for this price.

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Commercial Active

Price

$ 945,000

Bedrooms

Studio

Full Bath

3

Property Type

Commercial

Taxes

$ 6,505

Style

Business

Lot Size

0.12

Year Built

1880

Town/City

Cadillac

County/Region

Wexford

MLS | Web ID

23145005
Features
General
Sewer Public Sewer
Cooling Central Air
Utilities Public Water Available Public Sewer Available Natural Gas Available Electric Available Phone Connected Natural Gas Connected Electric Connected
Possession Close Of Escrow
Roof Rubber
Construction Materials Brick
Year Built 1880
Property SubType Business
Tax Year 2022
Business Type Restaurant
County Wexford
New Construction N
Property Type Commercial Sale
Building Features Barrier Free Fire Sprinkler
Status Active
Directions Downtown Cadillac MI on the East side of Mitchell St between Cass and Harris.
City Cadillac
High School District Cadillac
Total Units 1
MLS Area Outside MichRIC Area - Z
Lot Size Square Feet 5009.0
Waterfront Y/N N
Street Name Mitchell
Land Lease Y/N N
Tax Annual Amount 6505.0
Lease Renewal Y/N N
MLS Area Minor Outside MichRIC Area - Z
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 129
Standard Status Active
Tax Assessed Value 105066
Ownership Type LLC
Legal Description Lengthy legal on file
Senior Community None
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Interior
Basement Full
Total Fireplaces 1
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Full Baths 3
Street Suffix Street
Electric On Property Y/N N
Total Baths 3
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Exterior
Water Source Public
Inclusions {u'Licenses': True u'Equipment': True u'Real Estate': True u'Inventory': True u'Furniture': True}
Lot Size Area 0.12
Number of Buildings 1
Spa N
Building Area Total 9300.0
Lot Dimensions 50 x 100
Lot Size Acres 0.12
Road Surface Type Paved
Lot Size Units Acres
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 119
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* Excluded Features
List By
Dwelling Realty - Kw Northern Michigan

Broker

brandon@dwellingrealty.com

Email

Affordability Calculator

$7,143
Per Month
92%
8%
0%
Monthly Principal & Interest
$6,601
Monthly Property Taxes
$542
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
251496 Elementary School
248905 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/15/2023$945,000 Listed Price

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119 S Mitchell Street, Cadillac, MI, 49601 is a Commercial Property for sale at $945,000 with a lot size of 0.12. 119 S Mitchell Street is a studio with 3.0 baths and was built in 1880. The property's zip code is 49601 which is in Cadillac, MI

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