1337 Mitchell St Cadillac, MI 49601-1165

Property Details for 1337 Mitchell St

Lot size

1.78 lot acres

Property type

Commercial real estate

APN

2209-SA0105-01

APU

2209SA010501

Description

This exceptional 23,725 square foot industrial property, situated on a 1.78-acre lot at 1337 N Mitchell Street in Cadillac, Michigan, presents a compelling investment opportunity. The property boasts a prime location at the corner of N Mitchell Street (Bus 131) and E 13th Street, within a vibrant commercial area anchored by major retailers, restaurants, and other industrial businesses. The complex comprises a two-unit, 4,900 square foot office building and 123 self-storage units of varying sizes, consistently achieving over 90% occupancy. This demonstrates a strong, proven rental history exceeding 25 years, indicating reliable and consistent income generation. The property benefits from its location in Cadillac, Michigan, a city experiencing significant population growth exceeding 3% annually, making it the second-largest city in Northern Michigan after Traverse City. This sustained population increase fuels consistent job growth, further solidifying the property's long-term value and potential for future appreciation. The asking price for this turnkey investment is $1,790,000. This presents a rare chance to acquire a well-established, high-performing commercial property in a rapidly growing market. The combination of strong tenant occupancy, prime location, and positive demographic trends makes this an attractive investment for discerning buyers seeking stable returns and future growth potential.