1508-1574 N Mitchell St - Retail FOR SALE


Cadillac, MI 49601
$2,350,000 USD
616-307-3026
1508-1574 N Mitchell St, Cadillac, MI for Sale
$2,350,000 USD
Retail - FOR SALE
1/73
null | Request Cap Rate

1508-1574 N Mitchell St
Cadillac, MI 49601


OVERVIEW

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 developers to step into as a turn-key major store space, complete with commercial loading docks, inventory space, and storage areas (previously JC Penney). 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.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$114 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.81 AC

LAND SF

78,844 SF

ZONING

-

APN/PARCEL ID

2209-28-4202

ASK ABOUT THIS PROPERTY

Joe McNallyThe McNally TeamMore Info
616-307-3026

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Joe McNallyThe McNally TeamMore Info
616-307-3026

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