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$2,340,000
22 Days On Site

1508 N Mitchell Street
Haring Charter Township, MI 49601

For Sale|Business|Active
0
Beds
15
Total Baths
47,945
SqFt
$49
/SqFt
1980
Built
County:
Wexford
Call Now: 810-923-9505
Is this the listing for you? We can help make it yours.
810-923-9505
1508 N Mitchell Street1508 N Mitchell Street1508 N Mitchell Street1508 N Mitchell Street
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Monthly Payment (Est.)

$10,676
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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.

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Listing Snapshot
Price 
$2,340,000
Days On Site 
22 Days
Bedrooms 
N/A
Inside Area (SqFt) 
47,945 sqft
Total Baths 
15
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
8.94 Acres
Year Built 
1980
MLS® Number 
72026002162
Status 
Active
Property Tax 
$34,004
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
3 weeks agoListing first seen on site
General Features
Acres 
8.94
Additional Property Use 
Investment
Cross Street 
Bell Ave
Parking 
Paved
Parking Spaces 
200
Property Sub Type 
Business
Sewer 
Public Sewer
SqFt Total 
47945
Utilities 
Electricity ConnectedNatural Gas ConnectedPhone Available
Water Source 
Public
Interior Features
Cooling 
Central Air
Heating 
Forced AirNatural Gas
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Exterior Features
Construction Details 
BrickConcreteSteel Siding
Community Features
Financing Terms Available 
CashConventional
MLS Area 
Area83121HaringTwp
Roads 
Paved
School District 
Cadillac
Schools
School District
Cadillac
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of RE/MAX TOGETHER: [email protected]



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IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.

Neighborhood & Commute
Source: Walkscore
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