Shopping Center with Anchor
For Sale
$2,340,000
1508 N Mitchell Street, Cadillac, MI 49601
Commercial Sale, Cadillac, MI
Property Size47,945 SF
Lot Size8.94 Acres
Price / SF$48.81
Days on Market251
Property Features for 1508 N Mitchell Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
15
Full bathrooms
15
Rooms
Bathroom 3, Bathroom 6, Bathroom 15, Bathroom 9, Bathroom 11, Bathroom 4, Bathroom 2, Bathroom 7, Bathroom 10, Bathroom 12, Bathroom 13, Bathroom 14, Bathroom 8, Bathroom 1, Bathroom 5
Parking
200
Interior features
Broadband
Elementary school district
Cadillac
Middle school district
Cadillac
High school district
Cadillac
Directions
From Big Rapids, North on 131 to Cadillac, Near Cadillac's busy North end. Corner of Mitchell St. and Bell Ave.
Subdivision
Paul Bunyan - P
Standard status
Active
APN
2209-28-4202
Size
47,945 SF
Lot size
8.94 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lengthy on file
Tax Annual Amount
34004
Legal Description
Lengthy on file
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1980
Number of units
11
Building materials
Brick
Listing Agency:
RE/MAX TOGETHER
(231) 629-4100
Listed By:
Joseph McNally · License #6502393305
(616) 307-3026
Added: Jan 18
Changed: Sep 16
Last Checked: Sep 26 at 6:06AM
MLS# 26002162
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.
The Mitchell Street Mall is a 47,945-square-foot shopping center on 8.94 acres, built in 1980 with brick construction. The property is 91% leased and includes multiple retail units, with most spaces recently renovated and built out. A vacant 25,000-square-foot anchor-sized unit provides commercial loading docks, inventory space, and storage areas. The center also includes 15 bathrooms, forced-air heating, central air, broadband, and cable availability.
Located at 1508 N Mitchell Street in Cadillac, Michigan, the property is positioned within an established commercial corridor. Existing leases are described as long term, and the current operating profile includes an 8+ cap rate. The available anchor space was previously occupied by JC Penney and is configured for a major retail use.
Located at 1508 N Mitchell Street in Cadillac, Michigan, the property is positioned within an established commercial corridor. Existing leases are described as long term, and the current operating profile includes an 8+ cap rate. The available anchor space was previously occupied by JC Penney and is configured for a major retail use.
Key Highlights
- 47,945‑square‑foot shopping center on 8.94 acres
- 91% leased multi‑tenant retail center
- Vacant 25,000‑square‑foot anchor‑sized unit
Property Analytics
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Open Analytics
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
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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 - Multi-tenant retail center with brick construction, central air, and a substantial vacant store area ready for occupancy.
Where is this shopping center located?
The property is located at 1508 N Mitchell Street 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 shopping center on 8.94 acres; 91% leased multi‑tenant retail center; Vacant 25,000‑square‑foot anchor‑sized unit
