1337 N Mitchell St - Office FOR SALE


Cadillac, MI 49601
$1,890,000 USD
810-423-9296
1337 N Mitchell St, Cadillac, MI for Sale
$1,890,000 USD
Office - FOR SALE
1/15
null | 6.9% Cap Rate

1337 N Mitchell St
Cadillac, MI 49601


HIGHLIGHTS

  • Historically over 90% occupied
  • 123 Storage units
  • 2 occupied office spaces

OVERVIEW

North Mitchell Street Plaza is ideally situated at the corner of N Mitchell St (Bus 131) and E 13th St, in the heart of a thriving commercial hub surrounded by Big Box stores, restaurants, gas stations, and industrial businesses. With a strong track record of long-term tenants spanning over 25 years, this property offers excellent investment potential. The plaza features a two-unit office building along with 125 self-storage units of various sizes, consistently maintaining over 90% occupancy. The City of Cadillac continues to see consistent job growth in recent years. With the population growth over 3% year after year, it is the second most-populated city in the Northern Michigan region, after Traverse City.

FOR SALE DETAILS

PRICE

$1,890,000 USD

PRICE/SF

$80 USD /SF

CAP RATE

6.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

N Mitchell St Storage

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.77 AC

LAND SF

77,101 SF

ZONING

C-2

APN/PARCEL ID

2209-SA0105-01

ASK ABOUT THIS PROPERTY

Roger AckermanKeller Williams Realty, Inc.More Info
810-423-9296

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Roger AckermanKeller Williams Realty, Inc.More Info
810-423-9296

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.