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10-Unit Apartment Building Package
For Sale
$575,000

411 S Simon Street, Cadillac, MI 49601

MULTI_FAMILY - Cadillac, MI

Property SizeContact for details
Lot Size0.14 Acres
Days on Market66

Property Features for 411 S Simon Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description res.
Bedrooms 6
Full bathrooms 5
Rooms Bathroom 2, Bedroom 4, Basement, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 6, Bathroom 4, Bathroom 5, Bedroom 5
Parking 6
Basement Full
Lot features Sidewalk
Elementary school district Cadillac
Middle school district Cadillac
High school district Cadillac
Directions From downtown Cadillac take Business 131to Stimson Street go east 2 streets turn right on Simon Street, house sits on the left. For the other two properties please use GPS.
Standard status Active
APN 10-082-00-203-00
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description N 59 FT OF LOTS 1 & 2 BLK 22 G A MITCHELLS PLAT OF NW 1/4 SEC 3-21-9, CITY OF CADILLAC
Tax Annual Amount 3999
Legal Description N 59 FT OF LOTS 1 & 2 BLK 22 G A MITCHELLS PLAT OF NW 1/4 SEC 3-21-9, CITY OF CADILLAC

Utilities

Utilities Cable Available
Heating system Forced Air

Building Details

Year built 1900
Number of units 4
Building materials Aluminum Siding, Vinyl Siding
Listing Agency: Coldwell Banker Schmidt Cadillac
Listed By: Michael McGuire · License #6501379230
Added: Jun 8 Changed: Aug 11 Last Checked: Aug 12 at 1:06PM
MLS# 26042024

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 multifamily package comprises three rental properties containing 10 units in total, with 9 of 10 units currently leased. The properties include bedroom and bathroom configurations, basements, forced-air heating, and a combination of aluminum and vinyl siding. Cable is available, and the package includes ample off-street parking.

Located within three blocks of downtown Cadillac, the properties place residents near shopping, dining, entertainment, and employment opportunities. Their close proximity to one another also supports centralized oversight across the portfolio. The buildings date to 1900 and are situated in Cadillac, Michigan, within Wexford County.

Key Highlights

  • Three multifamily properties totaling 10 rental units
  • 9 of 10 units currently leased
  • Properties located within three blocks of downtown Cadillac

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Bakery (Bike/Boat/Book/etc) Store Furniture & Home Goods Carpet & Flooring Store Storage Facility

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

10
Residential units
90%
Occupancy

Location Intelligence

Trade Area within ½ mile

853
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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Three nearby rental properties offer established occupancy, off-street parking, and convenient access to downtown Cadillac.
Where is this apartment building located?
The property is located at 411 S Simon Street Cadillac, MI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three multifamily properties totaling 10 rental units; 9 of 10 units currently leased; Properties located within three blocks of downtown Cadillac
More about this property
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