117 N Mitchell Cadillac, MI 49601

$500,000
117 N Mitchell, Cadillac, MI 49601
1853485

Commercial Property for sale in Cadillac, MI

for $500,000. This 11,200 square foot building was built in 1905 on a lot size of W 25 FT OF LOT 5, BLK C.

Property Information

  • $500,000
  • Commercial
  • 11,200 Square Feet
  • Retail
  • Active
  • Lot size of W 25 FT OF LOT 5, BLK C
  • Built in 1905
  • Cadillac, MI
  • Wexford County
  • MLS/Web ID is 1853485

Description

Income-producing property in the heart of downtown Cadillac, the historic Kramer Building is ready for new ownership! Meticulously maintained (current owner is a contractor) and with multiple high-quality tenants, this 11, 200-sqft building boasts many updates including electrical, flooring, paint, and more. Mimicking the prominence of the building's exterior appearance, the inside of the building has exposed brick in many of the units, and lots of natural light. This three-story building has plenty of parking (on-street parking in the front, public parking lot in the back), is ADA-compliant, and each unit has its own heat/AC as well as dedicated electric & gas meters.

Interior 4

Heating Source

  • Natural Gas

Heating System

  • Forced Air

Sewer

  • Municipal

Water Source

  • Municipal

Exterior 7

Construction

  • Brick

Foundation

  • Poured

Parking

  • Parking Lot

Road Frontage

  • Public Maintained Road

Roof

  • Membrane

Siding

  • Brick

Zoning

  • Commercial

† Excluded Feature

Listed By

Broker: THREE WEST, LLC
Phone: (231) 342-8072

117 N Mitchell , Cadillac, MI, 49601 is a Commercial Property for sale at $500,000 with 11,200 sqft and a lot size of W 25 FT OF LOT 5, BLK C. 117 N Mitchell has 0.0 baths and was built in 1905. The property's zip code is 49601 which is in Cadillac, MI

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Market Pricing

Average % of sale price Median % of sale price
All listings in Cadillac $234,989 53 % below $188,450 62 % below
Commerical listings in Cadillac $364,171 27 % below $250,000 50 % below

Get the facts about Cadillac, MI!

Population 10,359
Population Growth (since 2000) 2 %
Median Income $36,999
Median Age 37.66
Households w/ Children 27 %

Residential Dwellings

  • Owned 2714
  • Vacant 626
  • Rented 1566

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or Call us at 1-800-839-1363