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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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1508 N Mitchell St , Cadillac, MI 49601
$2,340,000
Est. Payment: $12,049.82/mo
0 Bed
15 Bath
47945 Sqft
Status: active | Days on site: 107
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Agent profile image
Jim Blehm
Team Owner, Realtor®

House Description

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.

Highlights

Listed by Joseph McNally , 616-307-3026 RE/MAX TOGETHER , 231-629-4100. MichRIC

Property Type

Commercial Sale

Lot/Acreage
8.94

Year Built

1980

County

Wexford

Area

Paul Bunyan - P

School District

Cadillac

Listing ID

26002162

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:15
  • Full Bathrooms:15
Air Cond:Central Air
Fireplaces:
Other:Broadband

Exterior Features

Garage Capacity:200
Principal Interest
$12,050
Taxes
$2,834

Home Price

$2,340,000

Loan Details

30 yrs
6.676%

Down Payment

20%
$468,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$12,049.82

Principal

Taxes

Principal Taxes HOA Total
Monthly $12,049.82 $2,833.67 $0.00 $14,883.48
Yearly $144,597.80 $34,004.00 $0.00 $178,601.80
Total $4,337,934.15 $1,020,120.00 $0.00 $5,358,054.15
Lender profile image
Brian Belinger
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Cadillac, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-03T01:53:30.000Z

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