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    2100 Mitchell St Cadillac, MI 49601
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    Property profile & analytics

    2100 Mitchell St, Cadillac, MI 49601

    View on Map
    • Shopping centers
    • 96,600 SF
    Off-Market
    Property ID
    US43-2789286
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • B2 Outlet Stores / Discount Store
    • ATM (Wesco) / Atm

    Property Details for 2100 Mitchell St

    Property type
    Shopping centers

    Description

    This exceptional retail opportunity in Cadillac, Michigan, presents 80,100 square feet of vacant space within a 96,600 square foot shopping center. Located at 2100 N. Mitchell Street, this property boasts a highly desirable location on the popular Boon Road Retail corridor, directly across from major national retailers including Walmart, Meijer, Home Depot, and TJ Maxx. The center enjoys excellent visibility and high traffic counts, ensuring maximum exposure for your business. The available space is divisible into units ranging from a minimum of 1,500 square feet to a maximum contiguous space of 44,100 square feet, offering flexibility to accommodate a variety of retail concepts. The property is zoned 201 Commercial (APN: 2209-28-1207-02, Wexford County) and features a total of six suites. This established center already houses a strong mix of national and local tenants, including Starbucks, T-Mobile, McDonald's, Qdoba, Dollar Tree, and Big Sandy's Superstore, creating a vibrant and thriving retail environment. This is an unparalleled chance to establish or expand your business in a high-traffic, well-established shopping center in a key Michigan market. The property offers both anchor and inline space options. Contact us today to learn more about this exciting opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cadillac
    County
    Wexford
    State
    Michigan
    Longitude
    -85.4051484
    Latitude
    44.2794845

    Comparable in this City

    • $2,000 /Mo
      3,050 SF

      Downtown Cadillac Retail/Restaurant Space

      Prime downtown Cadillac location with existing restaurant infrastructure.
      115 N Mitchell St, Cadillac, MI 49601
      View Details
    • $8 SF/Yr
      3,050 SF

      Downtown Cadillac Retail/Cafe Space

      Prime downtown location with existing cafe infrastructure.
      115 N Mitchell St, Cadillac, MI 49601
      View Details
    • Contact for pricing

      Retail Space in Cadillac, MI

      Prime retail location near Cadillac Lakes and downtown Cadillac.
      602 N Mitchell St, Cadillac, MI 49601
      View Details

    Similar Nearby for Sale

    • $2,340,000
      47,945 SF

      Mitchell Street Mall Investment Opportunity

      91% leased retail center with high cash-on-cash return.
      1508 N Mitchell St, Cadillac, MI 49601
      View Details
    • $2,484,000
      Pending

      Retail Center in Cadillac, MI

      Fully leased retail center with high traffic location and income potential.
      8826 E 34 Rd, Cadillac, MI 49601
      View Details
    • Contact for pricing
      3,300 SF

      Downtown Cadillac Mixed-Use Opportunity

      Prime commercial building with residential income in downtown Cadillac.
      216 S Mitchell St, Cadillac, MI 49601
      View Details
    • Contact for pricing

      Cadillac Commercial Property with Event Center

      Three buildings on 2.25 acres with event center.
      916 S Mitchell St, Cadillac, MI 49601
      View Details
    • Contact for pricing
      Pending

      Commercial Building with Drive-Through

      Move-in ready commercial building with drive-through and ample parking.
      150 Granite St, Cadillac, MI 49601
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Cadillac, MI

      Prime retail space with high visibility and ample parking.
      1345 N Mitchell St, Cadillac, MI 49601
      View Details
    • Contact for pricing
      3,050 SF

      Downtown Cadillac Retail/Café Space

      Prime downtown location with existing café infrastructure.
      115 N Mitchell St, Cadillac, MI 49601
      View Details
    • $2,000 /Mo
      3,050 SF

      Downtown Cadillac Retail/Restaurant Space

      Prime downtown Cadillac location with existing restaurant infrastructure.
      115 N Mitchell St, Cadillac, MI 49601
      View Details
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    Cadillac, MI 49601
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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