621 S Mitchell Street Cadillac, MI $ 599,900
621 S Mitchell Street
$ 599,900
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621 S Mitchell Street

Cadillac, MI, 49601
$ 599,900
Bedrooms-- Baths2.0 Sq 6,151

Monthly Estimate*

$ 4,143

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Commercial Property for sale in Cadillac, MI

for $599,900 with 2 full baths. This 6,151 square foot building was built in 1975 on a lot size of 0.69.

ICONIC DOWNTOWN CADILLAC RESTAURANT – PRIME COMMERCIAL OPPORTUNITY! A rare opportunity to own a piece of Cadillac history! Located in downtown Cadillac, this 6,151 sq. ft. commercial building has been home to several memorable dining establishments, including the former Indian Spice Restaurant, Iron Skillet, and, for longtime locals, the beloved Ponderosa. Offering an impressive 242-seat capacity and 85 parking spaces, this property is ready for its next chapter. The spacious interior features multiple dining rooms, a large commercial kitchen, and three walk-in coolers/freezers, providing an excellent foundation for a restaurant, banquet facility, or other hospitality venture. Enjoy these updates for added peace of mind with a new roof installed in 2023, along with new carpet, submersible rain pumps, rooftop ventilation, and heating and cooling with A/C. The spacious layout, established restaurant infrastructure, and abundant parking offer an outstanding opportunity for an entrepreneur or experienced operator to bring their vision to life. Whether you envision bringing a new restaurant concept to life, creating a destination dining experience, or reimagining the space for another commercial use, this property offers a combination of history, size, and location that is hard to find. Bring your vision to downtown Cadillac and make this landmark property part of its next success story!

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Commercial Active

Price

$ 599,900

Full Bath

2

Property Type

Commercial

Taxes

$ 19,769

Style

Lot Size

0.69

Year Built

1975

Town/City

Cadillac

County/Region

Wexford

MLS | Web ID

1951716

Features
General
Sewer Public Sewer
Heating Forced Air Natural Gas
Possession Close Of Escrow
Roof Membrane
Security Features Fire Sprinkler System
Construction Materials Block Frame Vinyl Siding
Year Built 1975
Township Cadillac
Property Subtype Hospitality
Tax Year 2025
Business Type Food & Beverage
Accessibility Covered Entrance
Assoc Fee Paid Per Annually
Business Name Indian Spice Restaurant
County Wexford
New Construction N
Property Type Commercial Sale
Attached Garage N
Energy Efficient Not Applicable
Subdivision Name NA
Garage Y/N N
Green Water Conservation Not Applicable
Rent Includes None
Status New
Directions Downtown Cadillac
City Cadillac
Zoning Description Commercial
Lot Size Units Acres
Lot Size Square Feet 30056.4
Carport Y/N N
Tax Annual Amount 19769
Home Warranty Y/N N
Lease Renewal Y/N N
Lease Considered Y/N N
Virtual Tour https://montage-media.aryeo.com/sites/rkpvazzm/unbranded https://montage-media.aryeo.com/sites/621-s-mitchell-st-cadillac-mi-49601-27061979/branded
Living Area Units Square Feet
Standard Status Active
Tax Assessed Value 298400
Ownership Type Private Owner
Lease Amount Frequency Annually
Legal Description THE N 150 FT OF BLOCK 15 & THE N 50 OF THE S 150 OF THE W 150 OF BLOCK 15 G A MITCHELLS PLAT OF THE NW 1/4 SECTION 3-21-9 CITY OF CADILLAC & N 50 FT OF S 100 FT OF W 150 FT OF BLK 15 G A MITCHELLS
Freehold VOW BBO IDX
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Exterior
Parking Features Parking Lot
Lot Features Freestanding
Water Source Public
Total Parking 85
Lot Size Area 0.69
Foundation Details Slab
Spa N
Lot Dimensions 200x150
Lot Size Acres 0.69
Road Surface Type Asphalt
Other Parking Parking Lot
Waterfront Y/N N
Road Responsibility Public Maintained Road
Horse Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
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 2
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* Excluded Features
List By
Remax Central

Broker

Cell: 231-878-8200

Contact

Affordability Calculator

$5,791
Per Month
72%
28%
0%
Monthly Principal & Interest
$4,143
Monthly Property Taxes
$1,647
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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.
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Nearby
2034270 Elementary School
2034440 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/17/2026$599,900 Listed Price

Map


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621 S Mitchell Street, Cadillac, MI, 49601 is a Commercial Property for sale at $599,900 with 6,151 sqft and a lot size of 0.69. 621 S Mitchell Street has 2.0 baths and was built in 1975. The property's zip code is 49601 which is in Cadillac, MI