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Prime Multi-use Real Estate, Cadillac MI 916 S Mitchell St 3,970 SF Retail Building Cadillac, MI 49601 $595,000 ($149.87/SF)
INVESTMENT HIGHLIGHTS
- Investment opportunity features 3 buildings and 2.25 acres of prime real estate in Downtown Cadillac, offering diverse business prospects.
- This is a rare chance to continue operating an established business or to introduce your vision and contribute to the ongoing growth in Cadillac, MI.
- Main building spans nearly 4000 sq ft, includes a well-equipped kitchen, ample coolers, a snack & retail area, and extensive seating for gathering.
EXECUTIVE SUMMARY
Prime real estate opportunity on the south end of Downtown Cadillac. There are a total of three separate buildings, all located on a sprawling 2.25-acre parcel offer room for expansion. The main building offers close to 4,000 sq ft and features a kitchen area adequate for a bustling deli, plenty of coolers for beverages, a snack and retail area, and plenty of seating. The back portion of the building is currently used for an intimate, small gathering place. Just outside the back entrance is the one-of-a-kind, 2880 sq ft renovated Greenhouse event center. The Greenhouse features brand-new roof panels, a stamped concrete floor, and radiant heaters, creating a warm, fun, and inviting atmosphere that can be used for a variety of business purposes. There is an outdoor walk-in freezer and a walk-in cooler. The third building is a 30’ x 40’ pole building for storage. The large lot has high visibility from Mitchell Street, with two access points, and offers convenient back-street access as well. The sale includes all equipment, furniture, and fixtures. The property is currently an owner-operated deli, Texas-style BBQ, and the Greenhouse Event Center. The opportunities are endless at this location, including a sales location for anything that requires a small showroom and indoor display. The business in place offers a new owner a jump start on a well-established business that the community loves. A Class C liquor license is available for an additional cost. The buildings were all constructed around 2010, so come bring your ideas and own everything that is here for a fraction of the cost of new construction!
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
3,970 SF
Building Class
C
Year Built
2010
Price
$595,000
Price Per SF
$149.87
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.25 AC
Zoning
Commercial - Long legal on file
Frontage
296’ on S Mitchell
AMENITIES
- Wheelchair Accessible
- Air Conditioning
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 10-051-00-010-03 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $285,600 |
PROPERTY TAXES
Parcel Number
10-051-00-010-03
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$285,600
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Prime Multi-use Real Estate, Cadillac MI | 916 S Mitchell St
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