47,945 sqft

$2,340,000

1508 N Mitchell Street, Cadillac MI, 49601

Price per sqft$48.81

Built in1980

Property size47,945 sqft

Property typeCommercial

Overview

Active

Listed Jan 18, 2026

Updated Jun 9

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.

Additional information

MLS^® ID: 70511846

Interior Features

Heating: Yes
Basement: No

Exterior Features

Lot Size: 8.94 Acres

Other Property Details

Taxes: $34,004
Tax Frequency: Annually

Listed by Joseph McNally with RE/MAX TOGETHER
Listing Contact: 616-307-3026

Based on information originating from the MiRealSource as of 6/9/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 6/9/2026 at 2:56 PM UTC