1508 N Mitchell Street, Cadillac, MI 49601 (MLS# 26002162)
1508 N Mitchell Street, Cadillac, MI 49601
$2,350,000
Property Type:
Commercial Sale
Square Footage:
47,945
Lot Size (sq. ft.):
389,426
Status:
Active
Current Price:
$2,350,000
List Date:
1/19/2026
Last Modified:
1/19/2026
Overview
Description
Joe McNally and RE/MAX Together are pleased to offer The Mitchell Street Mall in Cadillac, MI. This is a 91% leased stable asset, that offers an investor the rare opportunity to acquire a well constructed and maintained multi tenant retail center at almost a 20 percent Cash-on-Cash Return and a current 8+ cap rate, with tremendous upward opportunity through the one vacant unit, an anchor store sized 25,000 square feet unit ready for investors or delevopers to step into as a turn-key major store space, complete with commercial loading docks, inventory space, and storage areas (previously JC Penny). This incredible location is set in the heart of one of Cadillac's most highly traffic corridors. Annual gross incomes exceed $270,000, with enormous upward potential. Most units have been recently renovated and built out, and have long term leases in place with stable businesses in place. This is a hard-to-find investment opportunity, call today for more information.
Listing Details MLS# 26002162
Location Property Info
- County
- Wexford
- Street #
- 1508
- Street Direction
- N
- Street Name
- Mitchell
- Suffix
- Street
- State
- MI
- Zip Code
- 49601
General Property Info
- New Construction
- No
- Lot Measurement
- Acres
- Lot Acres
- 8.94
- Lot Square Footage
- 389426
- Lot Dimensions
- Irregular
- Year Built
- 1980
- Road Frontage
- 54
- Total # Units
- 11
- # Fin Bldg Lvls
- 47945
- Total # Bldgs
- Yes
- Total SqFt
- 47945
- Full Baths
- 15
- Waterfront
- No
- School District
- Cadillac
Tax Info
- Tax ID #
- 2209-28-4202
- Taxable Value
- 678254
- SEV
- 844100
- For Tax Year
- 2025
- Seller's Annual Property Tax
- 34004
- Tax Year
- 2024
- Spec Assessment & Type
- None Known
- Homestead %
- 0
Remarks Misc
- Directions
- From Big Rapids, North on 131 to Cadillac, Near Cadillac's busy North end. Corner of Mitchell St. and Bell Ave.
Additional Details
- # Loading Docks/Well
- 3
- Total Parking Spaces
- 200
More Information
Unit 1
- Unit Description
- Natural wellness
- SqFt
- 1250
- Occupied
- Yes
- Rent $/Month
- 1100
- # Baths
- Yes
- Tenant Pays Electric
- Yes
- Tenant Pays Gas
- Yes
- Tenant Pays Other
- Yes
- Tenant Pays Sewer
- Yes
- Tenant Pays Trash
- Yes
- Tenant Pays Water
- Yes
Unit 2
- Unit Description
- State Farm
- SqFt
- 1250
- Occupied
- Yes
- Rent $/Month
- 1249
- Tenant Pays Electric
- Yes
- Tenant Pays Gas
- Yes
- Tenant Pays Other
- Yes
- Tenant Pays Sewer
- Yes
- Tenant Pays Trash
- Yes
- Tenant Pays Water
- Yes
Unit 3
- Unit Description
- Growers Edge
- SqFt
- 5000
- Occupied
- Yes
- Rent $/Month
- 2500
- Tenant Pays Electric
- Yes
- Tenant Pays Gas
- Yes
- Tenant Pays Other
- Yes
- Tenant Pays Sewer
- Yes
- Tenant Pays Trash
- Yes
- Tenant Pays Water
- Yes
Unit 4
- Unit Description
- Independant Living
- SqFt
- 3000
- Occupied
- Yes
- Rent $/Month
- 2472
- Tenant Pays Electric
- Yes
- Tenant Pays Gas
- Yes
- Tenant Pays Other
- Yes
- Tenant Pays Sewer
- Yes
- Tenant Pays Trash
- Yes
- Tenant Pays Water
- Yes
Unit 5
- Unit Description
- Merchandise Outlet
- SqFt
- 7700
- Occupied
- Yes
- Rent $/Month
- 3500
- Tenant Pays Electric
- Yes
- Tenant Pays Gas
- Yes
- Tenant Pays Other
- Yes
- Tenant Pays Sewer
- Yes
- Tenant Pays Trash
- Yes
- Tenant Pays Water
- Yes
Unit 6
- Unit Description
- Anchor Store
- SqFt
- 22635
- Occupied
- No
Unit 7
- Unit Description
- Gordons Food Service
- SqFt
- 1200
- Occupied
- Yes
- Rent $/Month
- 1434
- Tenant Pays Electric
- Yes
- Tenant Pays Gas
- Yes
- Tenant Pays Other
- Yes
- Tenant Pays Sewer
- Yes
- Tenant Pays Trash
- Yes
- Tenant Pays Water
- Yes
Unit 8
- Unit Description
- Lights Out
- SqFt
- 1200
- Occupied
- Yes
- Rent $/Month
- 1100
- Tenant Pays Electric
- Yes
- Tenant Pays Gas
- Yes
- Tenant Pays Other
- Yes
- Tenant Pays Sewer
- Yes
- Tenant Pays Trash
- Yes
- Tenant Pays Water
- Yes
Unit 9
- Unit Description
- Grondins Hair
- SqFt
- 1200
- Occupied
- Yes
- Rent $/Month
- 1380
- Tenant Pays Electric
- Yes
- Tenant Pays Gas
- Yes
- Tenant Pays Other
- Yes
- Tenant Pays Sewer
- Yes
- Tenant Pays Trash
- Yes
- Tenant Pays Water
- Yes
Unit 10
- Unit Description
- Top Nails
- SqFt
- 1200
- Occupied
- Yes
- Rent $/Month
- 1600
- Tenant Pays Electric
- Yes
- Tenant Pays Gas
- Yes
- Tenant Pays Other
- Yes
- Tenant Pays Sewer
- Yes
- Tenant Pays Trash
- Yes
- Tenant Pays Water
- Yes
Unit 11
- Unit Description
- Cantina Bamba
- SqFt
- 2310
- Occupied
- Yes
- Rent $/Month
- 2300
- Tenant Pays Electric
- Yes
- Tenant Pays Gas
- Yes
- Tenant Pays Other
- Yes
- Tenant Pays Sewer
- Yes
- Tenant Pays Trash
- Yes
- Tenant Pays Water
- Yes
Location & Property Info
- Cross Streets
- Bell Ave
- Property Sub-Type
- Retail
- Area
- Paul Bunyan - P
- Municipality
- Haring Twp
Office/Contract Info
- Auction or For Sale
- For Sale
- List Price/SqFt
- 49.01
- Prop Avail for Lease?
- No
Remarks & Misc
- Public Remarks
- Joe McNally and RE/MAX Together are pleased to offer The Mitchell Street Mall in Cadillac, MI. This is a 91% leased stable asset, that offers an investor the rare opportunity to acquire a well constructed and maintained multi tenant retail center at almost a 20 percent Cash-on-Cash Return and a current 8+ cap rate, with tremendous upward opportunity through the one vacant unit, an anchor store sized 25,000 square feet unit ready for investors or delevopers to step into as a turn-key major store space, complete with commercial loading docks, inventory space, and storage areas (previously JC Penny). This incredible location is set in the heart of one of Cadillac's most highly traffic corridors. Annual gross incomes exceed $270,000, with enormous upward potential. Most units have been recently renovated and built out, and have long term leases in place with stable businesses in place. This is a hard-to-find investment opportunity, call today for more information.
- Legal
- Lengthy on file
Street Type
- Paved
- Yes
- Public
- Yes
Property Use
- Business
- Yes
- Investment
- Yes
- Net Leased (nnn)
- Yes
Utilities Attached
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Uses
- Professional Service
- Yes
- Professional/Office
- Yes
- Restaurant
- Yes
- Retail
- Yes
Construction Type
- Concrete
- Yes
- Steel
- Yes
Exterior Material
- Brick
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Heat Type
- Forced Air
- Yes
Air Conditioning
- Central Air
- Yes
Business Includes
- Real Estate
- Yes
Util Avail at St
- Cable Available
- Yes
- Electricity Available
- Yes
- High Speed Internet
- Yes
- Natural Gas Available
- Yes
- Phone Available
- Yes
Driveway
- Paved
- Yes
Purchase Terms Avail
- Cash
- Yes
- Conventional
- Yes
Property Features
Property Use:
Business; Investment; Net Leased (nnn)
Uses:
Professional Service; Professional/Office; Restaurant; Retail
Business Includes:
Real Estate
Construction Type:
Concrete; Steel
Exterior Material:
Brick
Sewer:
Public Sewer
Water:
Public Water
Utilities Attached:
Electricity Connected; Natural Gas Connected
Util Avail at St:
Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available
Heat Source:
Natural Gas
Heat Type:
Forced Air
Air Conditioning:
Central Air
Driveway:
Paved
Street Type:
Paved; Public
Purchase Terms Avail:
Cash; Conventional
Sale Conditions:
None
Unit 1:
Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water
Unit 2:
Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water
Unit 3:
Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water
Unit 4:
Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water
Unit 5:
Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water
Unit 7:
Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water
Unit 8:
Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water
Unit 9:
Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water
Unit 10:
Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water
Unit 11:
Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water
Listing Office:
RE/MAX TOGETHER
Listing Agent:
Joseph McNally
Last Updated: January - 19 - 2026
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