Cadillac MI Multi Use Property

Retail-Commercial for Sale
Also listed as Special Purpose
Catylist Listing ID: 30708014
Property Subtypes: Free-Standing Building, Mixed Use, Service Station/Gas Station, Vehicle Related, Other
Building Size (RSF): 3,059 SF
Gross Building Area: See Agent
Gross Land Area: 0.68 Acres
Sale Price: $349,900
Unit Price: $114.38 PSF
Ceiling: 12 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/24/2021

Overview / Comments

Fantastic commercial location with nearly 150 feet of frontage on Mitchell Street. This site offers one of the largest properties available on main street with a B3 Zoning designation. Two separate buildings included - a 41'x43' shop with 1,763 sq. ft. and an office building with 1,237 sq. ft., as well as lots of blacktop for parking. Potential to run your business in the storefront building and live in or rent out the home office building to offset costs. Lots of improvements including complete remodel of the home office building in 2015 with new roof in 2017, new heating, cooling, electric, drywall insulation and windows. Shop has three new oversized garage doors with openers, newer storefront glass and new roof in 2014. Half of parking lot was redone in 2017. There is a $2,500/year income from a billboard on the property that will transfer to the new owners. Excellent south end of town location by Willow/Primo's, Dairy Queen and the newly remodeled Blarney Castle gas station is a drawing card for high traffic and visibility for any new business!

Attachments & Media

Additional Details

Nearest MSA: Cadillac
County: Wexford
Tax ID/APN: 10-083-00-044-01
Zoning: COMMERCIAL
Property Visibility: Excellent
Feet of Frontage: 145
Site Description: Corner Lot
Tenancy: Single Tenant
Total Number of Buildings: 2
Property Condition: Good
Year Built: 1968
Year Renovated: 2005
Construction/Siding: Steel Frame
Parking Type: Surface
Parking Description: Paved parking lot. Was former car dealership
Heat Type: Natural Gas
Heat Source: Central
Internet Access: Cable
Zoning Description: Commercial
Lot Frontage: 145
Lot Depth: 205
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Private Owner
Legal Description: LOT 1, BLOCK 52 & S 9-1/2 FT OF LOT 2, BLOCK 52 & LOT 19, EXCEPT A PARCEL IN THE SE COR COM AT SE COR SAID LOT 19, N 125 FT, W 54 FT, S 84-1/2 FT, W 20 FT, S 40-1/2 FT, E 74 FT TO POB. G. A. MITCHELLS PLAT OF THE SW 1/4 SEC 3-21-9 CITY OF CADILLAC & PART OF LOT 19, BLOCK 52, G. A. MITCHELLS PLAT OF THE SW 1/4 SEC 3-21-9, COM AT SE COR OF LOT 19, N 125 FT, W 54 FT, S 84-1/2 FT, W 20 FT, S 40-1/2 FT E 74 FT TO POB. CITY OF CADILLAC COMBINED ON 10/31/2016 FROM 10-083-00-044-00, 10-083-00-043-00;

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,775 11,936 16,440
Median Age: 36.18 39.49 40.2
Households: 1,488 4,781 6,678
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