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Historic Spa & Wellness Property
For Sale
$224,900

309 N Mitchell Street, Cadillac, MI 49601

Commercial Sale, Cadillac, MI

Property Size2,050 SF
Lot Size0.09 Acres
Price / SF$109.71
Days on Market325

Property Features for 309 N Mitchell Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Commercial
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1
Interior features Broadband
Elementary school district Cadillac
Middle school district Cadillac
High school district Cadillac
Directions Downtown Cadillac on West side of street.
Standard status Active
APN 10-086-00-044-00
Size 2,050 SF
Lot size 0.09 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description S 1/2 LOT 3, BLK E MITCHELLS REVISED PLAT OF THE VILLAGE OF CLAM LAKE CITY OF CADILLAC
Tax Annual Amount 2749
Legal Description S 1/2 LOT 3, BLK E MITCHELLS REVISED PLAT OF THE VILLAGE OF CLAM LAKE CITY OF CADILLAC

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1918
Floors in Building 1
Number of units 1
Building materials Wood Siding, Brick
Listing Agency: Cb Schmidt - Cadillac
Listed By: Daniella M Bell · License #6506038329
Added: Nov 15, 2025 Changed: Sep 7 Last Checked: Oct 6 at 4:06AM
MLS# 26011101

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 2,050-square-foot property combines a salon business with a historic commercial building constructed in 1918. The sale includes the real estate, operating business, and updated equipment. Existing services include hairstyling, barbering, nails, massage, and makeup, with two stylists and one licensed barber identified as willing to remain. The building features wood siding, brick, forced-air heating, central air, broadband, and an ADA-compliant layout.

Located in downtown Cadillac, the property offers street parking along the front, rear parking for employees and stylists, and access to a nearby city parking lot. The salon has operated at the property for more than 25 years, and the 0.09-acre site provides an established setting for continued personal-care use.

Key Highlights

  • 2,050‑square‑foot building on a 0.09‑acre site
  • 1918 construction with wood siding and brick
  • Sale includes the operating salon business, real estate, and updated equipment

Property Analytics

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Current Use

New Image Hair ... Hair Salon Hot Traxx Djs ... Bar & Pub

Suggested Use

Top Pick Parking Lot & Garage Bakery Kitchen & Bath Showroom Carpet & Flooring Store Storage Facility HVAC Service

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

Location Intelligence

Trade Area within ½ mile

792
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
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
Rey
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Frequently Asked Questions

What type of property is this?
Spa & wellness property - Updated systems, ADA compliance, and rear parking support an operating salon business.
Where is this spa & wellness property located?
The property is located at 309 N Mitchell Street Cadillac, MI.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: 2,050‑square‑foot building on a 0.09‑acre site; 1918 construction with wood siding and brick; Sale includes the operating salon business, real estate, and updated equipment
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