$2,340,000

1508 N Mitchell Street, Cadillac MI, 49601

Price per sqft$48.81

Built in1980

Property size47,945 sqft

Property typeCommercial

Courtesy of Joseph McNally, RE/MAX TOGETHER

Overview

Active

Listed Jan 19, 2026

Updated Jun 15

Joe McNally and RE/MAX Together are pleased to offer The Mitchell Street Mall in Cadillac, MI. This is a 91% leased stable asset, that offers an investor the rare opportunity to acquire a well constructed and maintained multi tenant retail center at almost a 20 percent Cash-on-Cash Return and a current 8+ cap rate, with tremendous upward opportunity through the one vacant unit, an anchor store sized 25,000 square feet unit ready for investors or delevopers to step into as a turn-key major store space, complete with commercial loading docks, inventory space, and storage areas (previously JC Penny). This incredible location is set in the heart of one of Cadillac's most highly traffic corridors. Annual gross incomes exceed $270,000, with enormous upward potential. Most units have been recently renovated and built out, and have long term leases in place with stable businesses in place. This is a hard-to-find investment opportunity, call today for more information.

Additional information

MLS^® ID: 26002162

Interior Features

Bathrooms: 15
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 8.94 Acres

Other Property Details

Taxes: $34,004
Tax Frequency: Annually

Courtesy of RE/MAX TOGETHER

The IDX display contains information sourced from the MichRIC® as of 6/15/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated 6/15/2026