Multi-Tenant Shopping
For Sale
$2,340,000
1508 N Mitchell St, Cadillac, MI 49601
Established retail center with renovated suites, long-term leases, and a large vacant space configured for major-store use.
Property Size47,945 SF
Price / SF$48.81
Days on Market62
Property Features for 1508 N Mitchell St
General Information
Standard status
Active
Size
47,945 SF
Occupancy
91%
Building Details
Year Built
1980
Tenancy
Multi
Listing Agency:
RE/MAX TOGETHER
Listed By:
Joseph McNally · License #6502393305
(616) 307-3026
Source:
Katie-k
Added: Aug 6
Changed: Oct 3
Last Checked: Oct 5 at 7:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX TOGETHER
Investment Insights
Based on property information with market context.
The Mitchell Street Mall is a 47,945-square-foot, multi-tenant retail center built in 1980. The property includes one vacant 25,000-square-foot unit sized for an anchor retailer, with commercial loading docks, inventory areas, and storage space. Several occupied suites have undergone recent renovation and build-out, while existing tenants hold long-term leases.
Located at 1508 N Mitchell St in Cadillac, Michigan, the center is positioned along a high-traffic commercial corridor. The property is 91% leased and reports a current 8+ cap rate, with additional leasing capacity in the vacant major-store suite. The asset also carries an almost 20 percent Cash-on-Cash Return as stated in the property information.
Located at 1508 N Mitchell St in Cadillac, Michigan, the center is positioned along a high-traffic commercial corridor. The property is 91% leased and reports a current 8+ cap rate, with additional leasing capacity in the vacant major-store suite. The asset also carries an almost 20 percent Cash-on-Cash Return as stated in the property information.
Key Highlights
- 47,945‑square‑foot multi‑tenant retail center built in 1980
- 91% leased with one vacant 25,000‑square‑foot anchor‑sized unit
- Vacant suite includes commercial loading docks, inventory space, and storage areas
Property Analytics
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Current Use
Lease Details
91%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Shopping center - Established retail center with renovated suites, long-term leases, and a large vacant space configured for major-store use.
Where is this shopping center located?
The property is located at 1508 N Mitchell St Cadillac, MI.
What is the asking price?
The asking price for this property is $2,340,000.
What are key features of this property?
This property features: 47,945‑square‑foot multi‑tenant retail center built in 1980; 91% leased with one vacant 25,000‑square‑foot anchor‑sized unit; Vacant suite includes commercial loading docks, inventory space, and storage areas
