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10-Unit Apartment Property Package
New
For Sale
$575,000

411 S SIMON STREET, Cadillac, MI 49601

MULTI_FAMILY - CADILLAC, MI

Property Size1,500 SF
Price / SF$383.33
Days on Market2

Property Features for 411 S SIMON STREET

General Information

Property type Residential Multi Family
Property subtype Single Family Attached
Subdivision Cadillac
Standard status Active
Size 1,500 SF

Building Details

Year built 1900
Listing Agency: Cadillac · Coldwell Banker Real Estate
Listed By: Michael McGuire · License #6501379230
Added: Aug 13 Last Checked: Aug 14 at 3:06AM
MLS# 1947288

Copyright © 2026 Coldwell Banker Schmidt REALTORS. 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 offering combines three rental properties with 10 units in total. Nine units are currently leased, and the properties include off-street parking. Their close physical proximity supports centralized oversight across the package.

The properties are located within three blocks of downtown Cadillac, placing shopping, dining, entertainment, and employment opportunities nearby. The offering includes the property at 411 S Simon Street along with two additional homes identified under MLS numbers 1947339 and 1947340.

Key Highlights

  • Three multifamily properties offered together
  • 10 rental units in total
  • 9 of 10 units currently leased

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
Multi-tenant
Tenancy

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 multifamily properties provide 10 rental units with off-street parking and established leasing activity.
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 offered together; 10 rental units in total; 9 of 10 units currently leased
More about this property
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