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Renovated Restaurant with Bar
For Sale
$845,000

119 S Mitchell Street, Cadillac, MI 49601

Commercial Sale, Cadillac, MI

Property Size9,300 SF
Lot Size0.12 Acres
Price / SF$90.86
Days on Market1003

Property Features for 119 S Mitchell Street

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 3, Bathroom 2, Bathroom 1
Elementary school district Cadillac
Middle school district Cadillac
High school district Cadillac
Directions Downtown Cadillac, MI on the East side of Mitchell St between Cass and Harris.
Subdivision Outside MichRIC Area - Z
Standard status Active
APN 10-086-00-178-00
Size 9,300 SF
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2022
Tax Description Lengthy legal on file
Tax Annual Amount 6505
Legal Description Lengthy legal on file

Utilities

Utilities Natural Gas Available
Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1880
Floors in Building 2
Number of units 1
Building materials Brick
Roof type Rubber
Listing Agency: Dwelling Realty - KW Northern Michigan
Listed By: Brandon Ball · License #6502431240
Added: Dec 15, 2023 Changed: Sep 12 Last Checked: Sep 13 at 5:06PM
MLS# 23145005

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This operating restaurant business occupies a 9,300-square-foot building renovated in 2018 as part of a complete restaurant buildout. The work included updated mechanical systems, a sprinkler system, a full kitchen, a full bar, a professionally designed interior, and a second-floor deck. The building is constructed with brick, has a rubber roof, forced-air heating, central air, and natural gas availability.

The property includes three bathrooms and sits on a 0.12-acre parcel at 119 S Mitchell Street in Cadillac, Michigan. The restaurant was rebuilt from the studs during the renovation, with the layout organized around kitchen workflow and efficient use of space. The operating business and transition support from the owner are included in the offering details.

Key Highlights

  • 9,300‑square‑foot restaurant building on a 0.12‑acre parcel
  • Renovated in 2018 with new mechanicals and a sprinkler system
  • Full kitchen and bar buildouts included

Property Analytics

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Current Use

Raven Social Restaurant

Suggested Use

Top Pick Spa & Massage Center Parking Lot & Garage Kitchen & Bath Showroom Auto Parts Store Big Box & Wholesale Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

827
Businesses Nearby
Under-served
Demand for This Use

Demographics for 49601, MI

21,564
Population
10,734
Households
2
Avg Household Size
43
Median Age
25%
College-Educated
91%
High-School Grad
220.0 sq mi
ZIP Area
98
Density / Sq Mi
$65,704
Median Household Income
$37,347
Median Earnings
$856
Median Rent
$166,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Operating restaurant business with a renovated building, full kitchen, bar, and second-floor deck.
Where is this conventional restaurant located?
The property is located at 119 S Mitchell Street Cadillac, MI.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: 9,300‑square‑foot restaurant building on a 0.12‑acre parcel; Renovated in 2018 with new mechanicals and a sprinkler system; Full kitchen and bar buildouts included
More about this property
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