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Historic Mixed-Use Building with Elevator
For Sale
$925,000

117 N Mitchell Street, Cadillac, MI 49601

Commercial Sale, Cadillac, MI

Property Size12,135 SF
Lot Size0.14 Acres
Price / SF$76.23
Days on Market359

Property Features for 117 N Mitchell Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description commercial
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 6, Bathroom 3, Bathroom 1, Bathroom 2, Bathroom 5, Bathroom 4
Interior features Broadband
Elementary school district Cadillac
Middle school district Cadillac
High school district Cadillac
Directions Downtown Cadillac on west side of street between Mason & Harris.
Standard status Active
APN 10-086-00-027-00
Size 12,135 SF
Lot size 0.14 Acres

Additional Details

Tenant in Place Yes
Mixed-Use Components retail, office

Taxes and HOA fees

Tax Year 2026
Tax Description LOT 5 EXC W 25 FT OF LOT 5, BLK C MITCHELLS REVISED PLAT OF THE VILLAGE OF CLAM LAKE, CITY OF CADILLAC
Tax Annual Amount 11940
Legal Description LOT 5 EXC W 25 FT OF LOT 5, BLK C MITCHELLS REVISED PLAT OF THE VILLAGE OF CLAM LAKE, CITY OF CADILLAC

Utilities

Utilities Cable Available
Heating system Forced Air
Cooling system Central Air

Amenities

exposed brick walls
tall ceilings
large windows
natural light
Lake Cadillac views
individually metered for gas and electric
individual heating and cooling
ADA-compliant
modern elevator
full accessibility to all three floors
elevator serves front and rear entries
on-street parking at front door
direct access to large public parking lot at rear
walkable to Lake Cadillac
walkable to City Park
walkable to restaurants
walkable to retail
walkable to professional services
high visibility
foot traffic

Building Details

Year built 1905
Floors in Building 3
Number of units 1
Buildings 1
Listing Agency: Cb Schmidt - Cadillac
Listed By: Daniella M Bell · License #6506038329
Added: Nov 11, 2025 Changed: Nov 3 Last Checked: Nov 4 at 8:06AM
MLS# 26058374

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.

Rey
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Investment Insights

Based on property information with market context.

Built in 1905, this three-story mixed-use property contains 12,135 square feet of leasable space arranged in multiple suites. The building is occupied by long-term tenants, with gas and electric metering provided separately for each suite. Individual heating and cooling systems serve the spaces, and building updates include electrical, flooring, paint, and mechanical work. An elevator connects the three floors and provides access through both the front and rear entries. Some suites feature exposed brick, tall ceilings, large windows, and views of Lake Cadillac.

The property is in downtown Cadillac’s Downtown Development Authority district. On-street parking is available at the front, with access to a public parking lot behind the building. Lake Cadillac, City Park, restaurants, retail businesses, and professional services are within walking distance.

Key Highlights

  • 12,135 square feet of leasable area across three floors
  • Built in 1905; building updates include electrical, flooring, paint, and mechanical work
  • Elevator serves all three floors and connects the front and rear entries

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Intermission Spa & Massage Center Jordan Balkema Elder ... Law Firm Blossoms Clothing Store Cornerstone Staffing Solutions Employment Agency Wexford Physician Hospital ... Medical Clinic

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

Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

770
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
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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

Frequently Asked Questions

What type of property is this?
Mixed-use property - Three floors of separately metered suites include individual heating and cooling systems and elevator access from both entrances.
Where is this mixed-use property located?
The property is located at 117 N Mitchell Street Cadillac, MI.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 12,135 square feet of leasable area across three floors; Built in 1905; building updates include electrical, flooring, paint, and mechanical work; Elevator serves all three floors and connects the front and rear entries
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