Date
Details
Price
Change
Source
1/18/2026
Listed
$2,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/35
$2,350,000 Just Listed
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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.
Full Property Details
Full Property Details for 1508 N Mitchell St
General
- Price: $2,350,000
- Taxes: $34,004
- Status: Active
- Type: Office
- Source: SWMRIC_MLS
- MLS ID: 26002162
- Updated: Today (1/18/2026)
- Added to Site: Today
Business
- Business Type: Professional/Office, Professional Service, Restauran
Interior
- Interior Features: Broadband
Rooms
Bathrooms
- Total Bathrooms: 15
- Full Bathrooms: 15
Parking
- Total Spaces: 200
Location
- Area: Paul Bunyan - P
- County: Wexford
- Cross Streets: Bell Ave
- Driving Directions: From Big Rapids, North on 131 to Cadillac, Near Cadillac's busy North end. Corner of Mitchell St. and Bell Ave.
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Utilities
- Cable Available: Yes
- Utility Description: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected
Structural Information
- # Buildings: 1
- Construction: Brick
- Stories/Levels: 9999
- Square Feet: 47,945
- Year Built: 1980
Lot Features
- Lot Size (Acres): 8.94
- Lot Size (Sq. Ft.): 389,426
- Lot Dimensions: Irregular
- Frontage: Paved
Financial Considerations
- Tax Amount: $34,004
- Terms: Conventional, Cash
Disclosures and Reports
- Legal Description: Lengthy on file
- Property ID: 2209-28-4202
Listed by Re/Max Together, Joseph McNally
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Listing agent
— 1508 N Mitchell St —
Joseph McNally
Re/Max Together
NMLS#: 1598647
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Schools
Schools serving 1508 N Mitchell St
School District:Cadillac Area Public Schools
| Name | Grades | Distance |
|---|---|---|
Lincoln Elementary School, Cadillac, MI 125 Ayer Street, Cadillac, MI 49601 | PK-4 | 0.7 mi |
Cadillac Junior High School 500 Chestnut Street, Cadillac, MI 49601 | 7-8 | 1.5 mi |
Mackinaw Trail Middle School 8401 South Mackinaw Trail, Cadillac, MI 49601 | 5-6 | 4 mi |
Cadillac Senior High School 400 Linden Street, Cadillac, MI 49601 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1508 N Mitchell St
Tax History
Tax History for 1508 N Mitchell St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$34,004
5%
$844,100
4%
2023
$32,486
10%
$813,300
24%
2022
$29,543
392%
$656,800
10%
2021
$6,001
-49%
$596,700
9%
2020
$11,842
—
$545,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1508 N Mitchell St
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- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 3Total Baths
- 1,967Sq. Ft.
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- Single Family
- Active
- Updated 6 days ago
- 3Beds
- 2Total Baths
- 2,338Sq. Ft.
1508 N Mitchell Street, Cadillac, MI 49601 (MLS# 26002162) is a Office property. 1508 N Mitchell Street is currently listed for $2,350,000 and was received on January 19, 2026. Want to learn more about 1508 N Mitchell Street? Do you have questions about finding other Office real estate for sale in Cadillac? You can browse all Cadillac real estate or contact a Coldwell Banker agent to request more information.