Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    291 Hanthorn Street Cadillac, MI 49601

    View on Map
    Claim this Listing
    For Lease
    $2,700/Mo $5 SF/Yr (calc)

    Manufacture/Warehouse - Cadillac, MI

    Property size:
    6,000 SF
    Lot size:
    0.52 Acres
    Added:
    Nov 20, 2025
    Days on Market:
    163
    Last Refresh:
    May 2 at 9:06 pm

    Property Features for 291 Hanthorn Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Commercial
    Rooms
    Basement
    Basement Y/N
    1
    Standard status
    Active
    Size
    6,000 SF
    Lot size
    0.52 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2042

    Building Details

    Year built
    2000
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Greg Bosscher
    Greg Bosscher

    Listing agent Greg Bosscher

    Listing office Five Star Real Estate - Shelby St Cadillac 111 N. Shelby Street, Grand Rapids, MI

    Listing date Nov 20, 2025

    MLS# 1940668 Listing URL

    Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Warehouse Space in Cadillac, MI

    This property offers 6000 square feet of clear span warehouse space, measuring 40 feet by 150 feet. It is situated on Hanthorn Street towards the north end of Cadillac, Michigan, with convenient access to US 131. The building is accessed via a private drive, facilitating easy truck access. The warehouse features 14-foot high side-walls and a 12-foot high door. A truck dock is available for an additional charge. The building has electricity. The landlord is open to discussing buildout options. The property is zoned for commercial use and is located in Wexford County, with a lot size of 0.52 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • American Storage USA Cadillac — 717 Bell Ave, Cadillac, MI 49601
    • Michigan Agricultural Commodities, Inc - MAC — 1601 N Mitchell St, Cadillac, MI 49601
    • Cadillac Climate Controlled Storage — 9210 E 13th St, Cadillac, MI 49601
    • North Mitchell Street Storage — 1337 N Mitchell St, Cadillac, MI 49601
    • Northside Property Management — 408 Goode Ave, Cadillac, MI 49601

    Location Insight

    • Map
    • Local Demand
    City
    Cadillac
    County
    Wexford
    State
    Michigan
    Longitude
    -85.402039
    Latitude
    44.27637

    Nearby Similar for Lease

    • $850/Mo

      Modern Office Spaces in Cadillac

      Newly renovated office spaces in a prime Cadillac location.
      1655 Plett Road, Cadillac, MI 49601
      View Details
    • $2,700/Mo

      Cadillac Warehouse Space For Rent

      6000 SF warehouse space available for lease in Cadillac.
      291 Hanthorn Street, Cadillac, MI 49601
      View Details
    • $10 SF/Yr

      Versatile Retail/Flex Space in Cadillac

      5,000 SF retail/flex space in high-traffic Cadillac shopping district.
      Cadillac, MI 49601
      View Details
    • $850/Mo

      Modern Office Spaces in Cadillac

      Newly renovated office spaces with modern amenities in prime location.
      1655 Plett Rd, Haring, MI 49601
      View Details
    • $750/Mo

      Downtown Cadillac Office/Retail Space

      Modern, flexible space in vibrant Downtown Cadillac district.
      117 N Mitchell St., Cadillac, MI 49601
      View Details
    • $750/Mo

      Downtown Cadillac Office/Retail Space

      Modern, flexible office or retail space in vibrant downtown Cadillac.
      117 N Mitchell Street, Cadillac, MI 49601
      View Details
    • $850/Mo

      1,247 SF 7 New Modern Office Spaces for Lease - Prime Cadillac Location

      Newly renovated office spaces in a prime Cadillac location.
      1655 Plett Road, Cadillac, MI 49601
      View Details
    • $600/Mo

      Cadillac Office Space For Lease

      Professional office building with individual spaces available for lease.
      2604 Sunnyside Drive, Cadillac, MI 49601
      View Details
    • $11 SF/Yr

      Former Rite Aid in Cadillac

      Former Rite Aid available for lease in Cadillac, Michigan.
      720 S Mitchell St, Cadillac, MI 49601
      View Details
    • $11 SF/Yr

      Retail Building in Cadillac, MI

      New retail building with easy access and highway commercial zoning.
      201 Teri-Dee Boulevard, Cadillac, MI 49601
      View Details
    • Contact for pricing

      Retail Space in Cadillac, MI

      Prime retail location near Cadillac Lakes and downtown Cadillac.
      602 N Mitchell St, Cadillac, MI 49601
      View Details
    • Contact for pricing

      Retail Space in Cadillac, MI

      Prime retail space with high visibility and ample parking.
      1345 N. Mitchell St, Cadillac, MI 49601
      View Details

    FAQs

    What type of property is this?
    Warehouse - 6000 SF warehouse space available for lease.
    Where is this warehouse located?
    The property is located at 291 Hanthorn Street Cadillac, MI.
    What is the lease rate?
    The lease rate is $2,700 /Mo.
    What are key features of this property?
    This property features: 6000 sq ft of clear span warehouse space.; Easy truck access via private drive.; Convenient location near US 131 and Cadillac's north end.
    (231) 357-2798
    We can help!
    Listing Contact
    Greg Bosscher
    Greg Bosscher
    Real Estate License ID: 6506046948
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    291 Hanthorn Street, Cadillac, MI 49601

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!