117 N Mitchell Street
Cadillac, MI, 49601 $ 975,000
Bedrooms-- Baths6.0 Sq 12,135 Monthly Estimate*
$ 6,003
for $975,000 with 6 full baths. This 12,135 square foot building was built in 1905 on a lot size of 0.14.
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. 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.
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FeaturesGeneralSewer Public Sewer
Heating Forced Air Natural Gas
Cooling Central Air
Possession Close Of Escrow Subject To Tenant Rights
Roof Membrane
Construction Materials Brick
Year Built 1905
Township Cadillac
Property Subtype Income
Business Type Professional/Office Retail Professional Service
Accessibility Accessible Approach with Ramp
Assoc Fee Paid Per Annually
Business Name N/A
County Wexford
New Construction N
Property Type Commercial Sale
Attached Garage N
Subdivision Name Kramer Building
Garage Y/N N
Building Features Elevator
Rent Includes None
Status Active
Directions Downtown Cadillac on west side of street between Mason & Harris.
City Cadillac
Zoning Description Commercial
Lot Size Units Acres
Lot Size Square Feet 6098.4
Carport Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Lease Considered Y/N N
Living Area Units Square Feet
Standard Status Active
Tax Lot 5
Ownership Type Corporation
Lease Amount Frequency Annually
Legal Description LOT 5 EXC W 25 FT OF LOT 5 BLK C MITCHELLS REVISED PLAT OF THE VILLAGE OF CLAM LAKE CITY OF CADILLAC
Freehold IDX
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ExteriorParking Features Parking Lot On Street
Lot Features Interior Lot
Water Source Public
Lot Size Area 0.14
Foundation Details Poured Concrete
Spa N
Lot Dimensions 50'x125'
Lot Size Acres 0.14
Road Surface Type Asphalt
Other Parking Parking Lot Street Parking
Waterfront Y/N N
Road Responsibility Public Maintained Road
Horse Y/N N
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InteriorBasement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 6
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* Excluded FeaturesList ByColdwell Banker Schmidt-CadillacBroker
Affordability Calculator
- Monthly Principal & Interest
- $6,003
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbyCommerical listings in Cadillac, MI
Average List Price $454,165
Percent of Sale Price 53%
About Cadillac, MI 10,600 Population
4% Since 2002
$ 37,248 Median Income
38.02 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
2034270 Elementary School
2034440 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/13/2025 | $975,000 | | Listed Price |