Commercial Investment Property

For Sale

117 N Mitchell St, Cadillac, MI 49601

This Cadillac property for sale is located at 117 N Mitchell St. The general use of Commercial Investment Property is office and it incorporates 12,135 square feet of class B office space. The current listed sale price for Commercial Investment Property is $975,000. Commercial Investment Property is situated on a lot that is 0.14 acre in size.

Contacts

Kent Mueller

Schmidt Realtors

Property Details

  • Property Type Office - General Office
  • Property Size 12,135 SF
  • Lot Size 0.14 Acre
  • Parking Spaces Avail. 50
  • Parking Ratio 4.12 / 1,000 SF
  • Building Class B
  • Date Updated Jan 27, 2026
Situated in the heart of downtown Cadillac, the Kramer Building enjoys a prime location within the city’s vibrant commercial core. This central setting places it just steps from Lake Cadillac, the City Park, and a wide array of restaurants, boutiques, and professional services that make up Cadillac’s thriving Downtown Development Authority (DDA) district. The area is a hub of year-round activity, drawing steady foot traffic from locals, tourists, and professionals alike. Tenants and visitors benefit from exceptional accessibility, with ample on-street parking at the front entrance and direct access to a large public parking lot at the rear of the property. The location also provides convenient proximity to major roadways, including US-131 and M-115, ensuring easy regional connectivity for both commuters and customers. This downtown address offers not only excellent visibility and walkability but also a connection to Cadillac’s growing business community—making it an ideal location for professional offices, retail, and service-oriented businesses seeking a prestigious and accessible downtown presence.Situated in the heart of downtown Cadillac, the Kramer Building enjoys a prime location within the city’s vibrant commercial core. This central setting places it just steps from Lake Cadillac, the City Park, and a wide array of restaurants, boutiques, and professional services that make up Cadillac’s thriving Downtown Development Authority (DDA) district. The area is a hub of year-round activity, drawing steady foot traffic from locals, tourists, and professionals alike. Tenants and visitors benefit from exceptional accessibility, with ample on-street parking at the front entrance and direct access to a large public parking lot at the rear of the property. The location also provides convenient proximity to major roadways, including US-131 and M-115, ensuring easy regional connectivity for both commuters and customers. This downtown address offers not only excellent visibility and walkability but also a connection to Cadillac’s growing business community—making it an ideal location for professional offices, retail, and service oriented businesses seeking a prestigious and accessible downtown presence.
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Highlights

  • Architectural Appeal - Many suites feature exposed brick walls, tall ceilings, and large windows with natural light and lake views.
  • Excellent Parking & Access – On-street parking at the front door plus direct access to a large public parking lot at the rear.
  • Full ADA Accessibility – Modern elevator provides access to all three floors from both front and rear entries—rare in historic buildings.
  • High Quality Investment Property - Over 12,000 SF of leasable area across three floors. Current cap rate = 9.81%
  • Meticulously Maintained – Recent upgrades include new electrical, flooring, paint, and mechanical systems while preserving original character.
  • Modern Building Systems – Each suite is individually metered for gas and electric and equipped with its own heating and cooling.
  • Stable long-term tenants - Fully leased building with mix of six retail and office tenants.
  • Turnkey Investment Opportunity - Minimal landlord investment required.

Getting around

  • 79/100

    Walk Score ®

  • 66/100

    Bike Score ®

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Location

  • City Cadillac, MI
  • Zip Code 49601

Points of Interest

  • Mobil

    0.15 miles

  • Shell

    0.31 miles

  • Speedway

    0.41 miles

  • Admiral

    0.53 miles

  • Marathon

    0.67 miles

  • Wesco

    1.57 miles

  • Meijer

    2.17 miles

  • Cadillac Supercharger

    2.20 miles

  • Cadillac Pathway

    1.61 miles

  • MDOT Public Carpool Parking - Cadillac - North

    2.38 miles

  • Cadillac - South Carpool Lot

    3.04 miles

  • Cadillac Pathway Trailhead

    3.89 miles

  • Missaukee Junction Trailhead

    4.21 miles

  • car parking

    4.59 miles

  • truck parking

    4.60 miles

  • Long Lake Trail Parking

    6.47 miles

  • Comfort Inn

    1.10 miles

  • Holiday Inn

    1.58 miles

  • Days Inn by Wyndham Cadillac

    2.77 miles

  • Econo Lodge

    2.80 miles

  • Family Fare

    0.36 miles

  • Save-A-Lot

    0.48 miles

  • Willow Mercantile

    0.62 miles

  • Meijer

    2.17 miles

  • ALDI

    2.19 miles

  • TJ Maxx

    2.28 miles

  • Walmart Supercenter

    2.30 miles

Contact Listing Broker
Kent Mueller

Schmidt Realtors

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