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1508 N Mitchell Street 1 / 25
$2,340,000 Active

1508 N Mitchell Street

Cadillac, MI 49601

  • 15Baths
  • 1980Year Built
  • 8.94Acres
  • RetailType

About this property

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.

Property details

MLS #
26002162
Status
Active
Property Type
Commercial Sale
Sub Type
Retail
County
Wexford
Year Built
1980
Lot Size
Irregular
Waterfront
No
Taxes (annual)
$34,004
Days on Market
148
Parcel #
2209-28-4202

Interior

Interior Features
Broadband
Heating
Forced Air
Cooling
Central Air

Exterior

Construction
Brick

Utilities

Utilities
Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected

Schools

School District
Cadillac

Listing courtesy of RE/MAX TOGETHER

Listing agent: Joseph McNally

Contact: 616-307-3026

Copyright 2026 MichRIC, LLC. All rights reserved.

Location

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Information Deemed Reliable But Not Guaranteed.

Lighthouse Realty does not display the entire MichRIC Broker Reciprocity Database on this web site; the listings of some firms have been excluded.

Updated: 10/05/26