117 N Mitchell St - Medical FOR SALE


Cadillac, MI 49601
$995,000 USD
231-534-5225
117 N Mitchell St, Cadillac, MI for Sale
$995,000 USD
Medical - FOR SALE
1/37
null | Request Cap Rate

117 N Mitchell St
Cadillac, MI 49601


HIGHLIGHTS

  • Core Plus Investment Opportunity
  • Downtown Location
  • Well Maintained Building
  • Excellent Tenants

OVERVIEW

Income-producing property in the heart of downtown Cadillac. The historic Kramer Building is ready for new ownership! Meticulously maintained with multiple high-quality tenants, this building with 12,135 SF of leasable area 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 plenty of natural light with views of Lake Cadillac. This three-story building has plenty of parking (on-street parking in the front, public parking lot in the back), is ADA-compliant with the elevator, and each unit has its own heat/AC as well as dedicated electric & gas meters.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$70 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1905

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

B2

APN/PARCEL ID

10-086-00-027-00

ASK ABOUT THIS PROPERTY

Kevin EndresThree West LLCMore Info
231-534-5225

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Kevin EndresThree West LLCMore Info
231-534-5225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.