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 Cadillacs 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.
Listed By
Agency Name: RE/MAX TOGETHER
Agent Name: Joseph McNally
Shown By
Agency Title: Coldwell Banker 1st Choice
Agency Phone: (219) 324-2121
![]() | The property comes from the Member MLS's of the Michigan Regional Information Center, LLC (MichRIC). Copyright 2026 Michigan Regional Information Center, LLC (MichRIC). All rights reserved. Information deemed reliable, but not guaranteed. Data Last Updated 05/05/2026. |
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1508 N Mitchell Street | MLS# 26002162
This commercial property located at 1508 N Mitchell Street, Cadillac, MI 49601 is currently listed for sale with an asking price of $2,340,000. N Mitchell Street is located within the Cadillac school district. Search Cadillac real estate on www.coldwellbanker1stchoice.com today.