916 S Mitchell St - Restaurant FOR SALE


Cadillac, MI 49601
$595,000 USD
231-357-2798
916 S Mitchell St, Cadillac, MI for Sale
$595,000 USD
Restaurant - FOR SALE
1/41
null | Request Cap Rate

916 S Mitchell St
Cadillac, MI 49601


HIGHLIGHTS

  • Investment opportunity features 3 buildings and 2.25 acres of prime real estate in Downtown Cadillac, offering diverse business prospects.
  • Main building spans nearly 4000 sq ft, includes a well-equipped kitchen, ample coolers, a snack & retail area, and extensive seating for gathering.
  • This is a rare chance to continue operating an established business or to introduce your vision and contribute to the ongoing growth in Cadillac, MI.

OVERVIEW

Prime real estate opportunity on the south end of Downtown Cadillac. There are a total of three separate buildings, all located on a sprawling 2.25-acre parcel offer room for expansion. The main building offers close to 4,000 sq ft and features a kitchen area adequate for a bustling deli, plenty of coolers for beverages, a snack and retail area, and plenty of seating. The back portion of the building is currently used for an intimate, small gathering place. Just outside the back entrance is the one-of-a-kind, 2880 sq ft renovated Greenhouse event center. The Greenhouse features brand-new roof panels, a stamped concrete floor, and radiant heaters, creating a warm, fun, and inviting atmosphere that can be used for a variety of business purposes. There is an outdoor walk-in freezer and a walk-in cooler. The third building is a 30’ x 40’ pole building for storage. The large lot has high visibility from Mitchell Street, with two access points, and offers convenient back-street access as well. The sale includes all equipment, furniture, and fixtures. The property is currently an owner-operated deli, Texas-style BBQ, and the Greenhouse Event Center. The opportunities are endless at this location, including a sales location for anything that requires a small showroom and indoor display. The business in place offers a new owner a jump start on a well-established business that the community loves. A Class C liquor license is available for an additional cost. The buildings were all constructed around 2010, so come bring your ideas and own everything that is here for a fraction of the cost of new construction!

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$150 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Prime Multi-use Real Estate, Cadillac MI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.25 AC

LAND SF

98,010 SF

ZONING

Commercial

APN/PARCEL ID

10-051-00-010-03

ASK ABOUT THIS PROPERTY

Greg BosscherFive Star Real Estate LeadersMore Info
231-357-2798

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Greg BosscherFive Star Real Estate LeadersMore Info
231-357-2798

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