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Turnkey Full-Service Restaurant
For Sale
$845,000

119 S Mitchell Street, Cadillac, MI 49601

COMMERCIAL - Cadillac, MI

Property Size9,300 SF
Lot Size0.12 Acres
Price / SF$90.86
Days on Market980

Property Features for 119 S Mitchell Street

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 2, Bathroom 1, Bathroom 3
Elementary school district Cadillac
Middle school district Cadillac
High school district Cadillac
Directions Downtown Cadillac, MI on the East side of Mitchell St between Cass and Harris.
Subdivision Outside MichRIC Area - Z
Standard status Active
APN 10-086-00-178-00
Size 9,300 SF
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2022
Tax Description Lengthy legal on file
Tax Annual Amount 6505
Legal Description Lengthy legal on file

Utilities

Utilities Natural Gas Available
Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1880
Floors in Building 2
Number of units 1
Building materials Brick
Roof type Rubber
Listing Agency: Dwelling Realty - KW Northern Michigan
Listed By: Brandon Ball · License #6502431240
Added: Dec 15, 2023 Changed: Aug 4 Last Checked: Aug 21 at 3:06AM
MLS# 23145005

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 turnkey, fully operating restaurant business is available for a new owner. The building underwent a full renovation during the 2018 restaurant buildout, including new mechanicals, a second-floor deck addition, a sprinkler system, and a complete interior buildout. The space includes a full kitchen buildout and a full bar buildout, completed from the studs in, with an emphasis on kitchen workflow and efficient use of space.

The property is located at 119 S Mitchell Street in Cadillac, Michigan 49601 (Wexford County). The current ownership is willing to meet with qualified prospects and provide transition insight. Financial information can be shared with a signed confidentiality agreement and scheduled showings.

Key Highlights

  • Fully renovated restaurant buildout completed in 2018, including mechanicals and a professionally designed interior
  • Restaurant includes full kitchen buildout and full bar buildout
  • Second‑floor deck addition and sprinkler system were added during the 2018 renovation

Property Analytics

Current Use

Raven Social Restaurant

Suggested Use

Top Pick Spa & Massage Center Parking Lot & Garage Kitchen & Bath Showroom Auto Parts Store Gym & Fitness Center 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

Turnkey business
Opportunity
Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

827
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

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?
Conventional restaurant - Fully operating restaurant with 2018 renovation, including full kitchen and bar buildout and a sprinkler system.
Where is this conventional restaurant located?
The property is located at 119 S Mitchell Street Cadillac, MI.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Fully renovated restaurant buildout completed in 2018, including mechanicals and a professionally designed interior; Restaurant includes full kitchen buildout and full bar buildout; Second‑floor deck addition and sprinkler system were added during the 2018 renovation
More about this property
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