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$ 2,340,000
Est. payment /mo
Active
1508 N Mitchell ST Haring Twp, MI 49601
15 Baths
47,945 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type BusinessandRealEstate
Listing Status Active
Purchase Type For Sale
Square Footage 47,945 sqft
Price per Sqft $48
MLS Listing ID 72026002162
Year Built 1980
Lot Size 8.940 Acres
Acres 8.94
Property Sub-Type BusinessandRealEstate
Property 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.
Location
State MI
County Wexford
Area Area83121Haringtwp
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Exterior
Parking Features Paved
Utilities Available ElectricityConnected, NaturalGasConnected, PhoneAvailable
View Y/N No
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
High Schools Cadillac
School District Cadillac
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Joseph McNally of RE/MAX TOGETHER