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    720 Mitchell St Cadillac, MI 49601

    Sponsored
    For Sale
    $1,600,000

    Former Rite Aid, 11,440 SF, Vacant, NNN Lease

    Property size:
    11,440 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a vacant, 11,440-square-foot former Rite Aid building located at 720 S Mitchell St, Cadillac, MI 49601. The single-story structure sits on a prominent lot in Wexford County, boasting excellent visibility and high traffic counts due to its location at a signalized intersection. Ample parking is available for customers and employees. The property features a drive-thru window, a highly desirable amenity for retail businesses. The building is offered at an asking price of $1,600,000 with a NNN lease type. The property's size and location make it ideal for a variety of retail uses, presenting a strong potential for long-term growth and profitability. The property's APN is 10-086-00-074-00. This is a rare chance to acquire a well-situated, substantial retail space in a thriving Michigan community. The vacant status allows for immediate customization to suit a new tenant's specific needs. Don't miss this chance to secure a prime retail location in Cadillac.

    Property Features for 720 Mitchell St

    General Information

    Property type
    Individual retail properties
    Square Feet
    11,440 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • 11,440 SF free‑standing building
    • Drive‑thru window
    • Cadillac area prime location
    • High visibility & traffic counts
    • Ample parking
    • Signalized intersection location
    Property Profile Location Intelligence

    Current Use by Public Records

    Rite Aid Drug Store Grand Traverse Vapor Vaporizer Store DigitalMint Bitcoin ATM ... Atm Western Union Money Transfer Service Coinhub Bitcoin ATM ... Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cadillac
    County
    Wexford
    State
    Michigan
    Longitude
    -85.3971769
    Latitude
    44.2446542

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    FAQs

    What type of property is this?
    Individual retail property - Former Rite Aid, 11,440 SF, Vacant, NNN Lease
    Where is this individual retail property located?
    The property is located at 720 Mitchell St Cadillac, MI.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: 11,440 SF free-standing building; Drive-thru window; Cadillac area prime location
    Request Owner's contact information
    720 Mitchell St Cadillac, MI 49601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    720 Mitchell St Cadillac, MI 49601
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