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    107 Mitchell St Cadillac, MI 49601

    Sponsored
    For Sale
    $425,000

    Historic brick building, 12,400 sq ft, income producing.

    Property size:
    12,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 12,400 square foot historic brick building is situated in the vibrant heart of downtown Cadillac, Michigan. The property boasts a commanding presence and offers a unique blend of established income and significant redevelopment potential. The building comprises three stories, each spanning 3,100 square feet, plus a full walk-out basement. Currently, the first floor is leased, generating immediate rental income for the new owner. The upper two floors are vacant, presenting a remarkable opportunity for creative repurposing. Imagine transforming these spacious areas into modern residential apartments, stylish office suites, or innovative commercial spaces – the possibilities are vast and cater to a diverse range of uses. The building also features six bathrooms strategically located throughout its three levels. The 0.14-acre lot provides ample space for outdoor amenities or future expansion. This is a rare chance to acquire a substantial property in a thriving downtown area, combining immediate return on investment with the exciting potential for future growth and development. The building's historic character and prime location make it an exceptional investment opportunity.

    Property Features for 107 Mitchell St

    General Information

    Property type
    Industrial properties
    Square Feet
    12,400 SF
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Swanson & Perry Attorney Patterson's Flowers Florist Bridges of Northern Michigan ... Counselor Patrick Aron Counselor Northern Billing Specialists Medical Billing Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Cadillac
    County
    Wexford
    State
    Michigan
    Longitude
    -85.39999
    Latitude
    44.25047

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    FAQs

    What type of property is this?
    Industrial property - Historic brick building, 12,400 sq ft, income producing.
    Where is this industrial property located?
    The property is located at 107 Mitchell St Cadillac, MI.
    What is the asking price?
    The asking price for this property is $425,000.
    (231) 779-8088
    Request Owner's contact information
    107 Mitchell St Cadillac, MI 49601
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    Cadillac, MI 49601
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    Realmo Value Estimation

    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.

    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.

    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
    107 Mitchell St Cadillac, MI 49601
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