107 Mitchell St Cadillac, MI 49601
- Commercial real estate
- 0.14 lot acres
Current Use by Public Records
- Swanson & Perry / Attorney / Paralegal Services Provider
- Patterson's Flowers / Florist / Candy Store
- Bridges of Northern Michigan PLLC / Counselor
- Patrick Aron / Counselor / Practitioner Service Location
- Northern Billing Specialists / Medical Billing Service / Insurance Agency
Property Details for 107 Mitchell St
- Lot size
- 0.14 lot acres
- Property type
- Commercial real estate
- APN
- 10-086-00-024-00
- APU
- 100860002400
Description
This exceptional 12,400 square foot historic brick building is situated in the vibrant heart of downtown Cadillac, Michigan. The property boasts a commanding presence and offers a unique blend of established income and significant redevelopment potential. The building comprises three stories, each spanning 3,100 square feet, plus a full walk-out basement. Currently, the first floor is leased, generating immediate rental income for the new owner. The upper two floors are vacant, presenting a remarkable opportunity for creative repurposing. Imagine transforming these spacious areas into modern residential apartments, stylish office suites, or innovative commercial spaces – the possibilities are vast and cater to a diverse range of uses. The building also features six bathrooms strategically located throughout its three levels. The 0.14-acre lot provides ample space for outdoor amenities or future expansion. This is a rare chance to acquire a substantial property in a thriving downtown area, combining immediate return on investment with the exciting potential for future growth and development. The building's historic character and prime location make it an exceptional investment opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cadillac
- County
- Wexford
- State
- Michigan
- Longitude
- -85.4
- Latitude
- 44.2505
- CBSA code
- 15620
- CBSA name
- CADILLAC, MI MICROPOLITAN STATISTICAL AREA