Multi-Tenant Retail Strip
For Sale
$2,340,000
1508 N Mitchell Street, Cadillac, MI 49601
COMMERCIAL - Cadillac, MI
Property Size47,945 SF
Lot Size8.94 Acres
Price / SF$48.81
Days on Market213
Property Features for 1508 N Mitchell Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
15
Full bathrooms
15
Rooms
Bathroom 14, Bathroom 8, Bathroom 1, Bathroom 6, Bathroom 2, Bathroom 7, Bathroom 11, Bathroom 5, Bathroom 9, Bathroom 15, Bathroom 13, Bathroom 4, Bathroom 10, Bathroom 3, Bathroom 12
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
Amenities
commercial loading docks
inventory space
storage areas
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: Aug 4
Last Checked: Aug 19 at 1:06PM
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 multi-tenant retail strip mall offering a largely occupied investment profile, with 91% leasing and long-term leases in place with stable businesses. Most units have been recently renovated and built out.
The property includes one vacant unit described as an anchor store sized at 25,000 square feet. The space is presented as turn-key for an investor or developer to step into, with commercial loading docks and areas for inventory and storage; it was previously utilized by JC Penny.
Located at 1508 N Mitchell Street in Cadillac, Michigan, the center is described as being in the heart of one of the city’s most highly traffic corridors. Annual gross incomes exceed $270,000, with additional upside suggested through the leasing of the remaining vacancy.
The property includes one vacant unit described as an anchor store sized at 25,000 square feet. The space is presented as turn-key for an investor or developer to step into, with commercial loading docks and areas for inventory and storage; it was previously utilized by JC Penny.
Located at 1508 N Mitchell Street in Cadillac, Michigan, the center is described as being in the heart of one of the city’s most highly traffic corridors. Annual gross incomes exceed $270,000, with additional upside suggested through the leasing of the remaining vacancy.
Key Highlights
- High Cash‑on‑Cash Return: Offers almost a 20% return.
- Strong Cap Rate: Features a current 8+% cap rate.
- High Occupancy: Currently 91% leased, providing stable income.
Property Analytics
Property Profile
Current Use
Lease Details
91%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Under-served
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Shopping center - 91% leased retail center with one vacant anchor-sized unit and multi-tenant buildouts, including loading docks and storage areas.
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: High Cash‑on‑Cash Return: Offers almost a 20% return.; Strong Cap Rate: Features a current 8+% cap rate.; High Occupancy: Currently 91% leased, providing stable income.
