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117 N Mitchell St 12,135 SF 92% Leased Office Building Cadillac, MI 49601 $975,000 ($80.35/SF) 9.81% Cap Rate
Executive Summary
Above-Market Returns in a Premier Downtown Location
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
12,135 SF
Building Class
B
Year Built
1905
Price
$975,000
Price Per SF
$80.35
Cap Rate
9.81%
NOI
$95,648
Percent Leased
92%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,045 SF
Building FAR
1.99
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
B2 - Commercial Zoned District
Parking
50 Spaces (4.12 Spaces per 1,000 SF Leased)
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Fl-Ste 117-4 B
- 950 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 117-4 B | 950 SF | Office | Full Build-Out | Now |
1st Fl-Ste 117-4 B
| Size |
| 950 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 10-086-00-027-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $325,000 |
Property Taxes
Parcel Number
10-086-00-027-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$325,000
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