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Mixed-Use Building with Apartments
For Sale
$219,000

216 S Mitchell Street, Cadillac, MI 49601

Commercial Sale, Cadillac, MI

Property Size3,300 SF
Lot Size0.10 Acres
Price / SF$66.36
Days on Market184

Property Features for 216 S Mitchell Street

General Information

Property type Commercial Sale
Property subtype Retail
Zoning description Mixed Use
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bathroom 2, Bathroom 3, Basement
Parking 4
Elementary school district Cadillac
Middle school district Cadillac
High school district Cadillac
Directions South Mitchell St. to property on the West Side.
Standard status Active
APN 10-086-00-004-00
Size 3,300 SF
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description S 1/2 LOT 3, BLK A MITCHELLS REVISED PLAT OF THE VILLAGE OF CLAM LAKE CITY OF CADILLAC
Tax Annual Amount 1986
Legal Description S 1/2 LOT 3, BLK A MITCHELLS REVISED PLAT OF THE VILLAGE OF CLAM LAKE CITY OF CADILLAC

Utilities

Heating system Radiant
Cooling system Central Air

Building Details

Year built 1946
Floors in Building 2
Number of units 3
Building materials Block
Roof type Composition, Rubber
Listing Agency: Coldwell Banker Schmidt Cadillac
Listed By: Amy S Wagner · License #6501292551
Added: Mar 14 Changed: Sep 7 Last Checked: Sep 13 at 5:06PM
MLS# 26010175

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 3,300-square-foot mixed-use building combines commercial space on the main level with two residential apartments above. The property sits on a 0.1-acre parcel at 216 S Mitchell Street in downtown Cadillac, providing street visibility within a setting of shops, restaurants, and other businesses. Originally built in 1946, the block construction includes a basement and three bathrooms. Building systems include radiant heating and central air conditioning, while the roof uses both composition and rubber materials. The upper-floor apartments provide an income-producing residential component alongside the ground-floor commercial area.

Key Highlights

  • 3,300‑square‑foot mixed‑use building
  • Two income‑producing residential apartments on the upper level
  • Main‑level commercial space with street visibility

Property Analytics

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Current Use

Spec Tec Computers Computer & Electronic Repair

Suggested Use

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

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

815
Businesses Nearby

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
View Realmo Analytics

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?
Mixed-use property - Main-level commercial space is paired with two upper-level residential apartments.
Where is this mixed-use property located?
The property is located at 216 S Mitchell Street Cadillac, MI.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: 3,300‑square‑foot mixed‑use building; Two income‑producing residential apartments on the upper level; Main‑level commercial space with street visibility
More about this property
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