Remarks

The property at 219 N Mitchell Street in downtown Cadillac presents a compelling and turn-key investment in a thriving and up and coming market. Built in 1994, this one-story, Class C commercial building offers nearly 8,000 square feet of versatile space, with 71 feet of prominent street frontage and an exterior loading dock- features that support a wide range of retail or office uses. Currently fully leased to established tenants, this building delivers dependable monthly income backed by a proven rental history. The existing businesses are not for sale; instead, the option exists to purchase the building alone, with businesses continuing their operations and expressing a strong desire to remain in place. This arrangement ensures a seamless transition and consistent cash flow from day one. Designed with two separate lease units, the property offers strategic flexibility. An investor could maintain current tenancy, occupy one unit while leasing out the other, or reposition the layout to attract new tenants. Its configuration supports both retention and value-add potential. Situated on Cadillac’s main commercial corridor, the building benefits from steady foot traffic drawn by downtown shopping, dining, and community events. This walkable district, anchored by specialty food shops, boutiques, and entertainment venues, enhances visibility and drives customer engagement for tenants. With solid foundational income already in place, this property offers a rare opportunity to increase returns through thoughtful upgrades, rental rate adjustments, or rebranding efforts. In summary, 219 N Mitchell Street is an attractive, fully leased, income-generating asset ready for a savvy investor to step in and build upon an already successful framework.

Details

MLS#: 1936218
Price: $420,000

Style: Retail Store,Other
Sq Ft: 8385
Year Built: 1994

County: Wexford
Lot Size: 0.22