117 N Mitchell Street # Lot: 5
Cadillac, MI, 49601 $ 975,000
Bedrooms-- Baths-- Sq 12,135 Monthly Estimate*
$ 6,083
for $975,000. 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 Cadillacââ¬â¢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 cityââ¬â¢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 buildingââ¬â¢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 floorsââ¬âan 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) districtââ¬âan 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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FeaturesGeneralHeating Forced Air
Cooling Central A/C
Possession At Close
Water Public Water
Status Active Active
Year Built 1905
Parking Parking Lot
Subdivision Kramer Building MI
County Wexford
Class COM/IND/BUS OPP
Type Business
Business Name N/A
Ownership Corporation
Municipality Cadillac
Section 33
Zoning Commercial
Sale/Rent For Sale
Status Detail 0
Commercial Features ADA Accessible Bath Elevator(s)
Area Cadillac (83019)
Primary City Cadillac
Directions Downtown Cadillac on west side of street between Mason & Harris.
City Cadillac
Financial Terms Cash Commercial Loan Conventional
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
DOM 60
Postal Code 49601
Price Per Sq Ft Total AG 80.35
Public Remarks The Historic Kramer Building Downtown Cadillac
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ExteriorExterior Brick
Lot Size Area 0.14
Lot Dimensions 50'x125'
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* Excluded FeaturesList ByDaniella BellListing Agent
Coldwell Banker Schmidt-CadillacBroker
daniella.bell@cbgreatlakes.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,083
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% 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 $414,290
Percent of Sale Price 58%
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.
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/13/2025 | $975,000 | | Listed Price |