119 S Mitchell Street Cadillac, MI ^$ 945,000

119 S Mitchell Street

^$ 945,000

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119 S Mitchell Street

Cadillac, MI, 49601

^$ 945,000

Studio Baths0.0 Sq 9,300

Monthly Estimate*

^$ 6,281

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Studio

Commercial Property for sale in Cadillac, MI

for $945,000. This 9,300 square foot building was built in 1880 on a lot size of 0.12.

This fully operating restaurant business is ready for a new owner to step in with the previous owners scaling back into retirement. The building was fully renovated in 2018 during the restaurant buildout. It included mechanicals, second-floor deck addition, sprinkler system, full kitchen building out, full bar buildout, and the professionally designed full interior buildout. This restaurant was built from the studs-in with the experience of the owner's 3 previous restaurant ventures, resulting in perfect kitchen workflow and efficient use of space. Owner is willing to meet with prospects and provide insight to help with the transition. Financials can be provided with a signed confidentiality agreement & showing scheduled. You could not create this opportunity from scratch for this price.

Commercial Active

Price

^$ 945,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 6,505

Style

Business

Lot Size

0.12

Year Built

1880

Town/City

Cadillac

County/Region

Wexford

MLS | Web ID

70381108

Features

General

Heating Forced Air

Possession At Close

Roof Rubber

Water Public Water Public Water at Street

Status Active Active

Year Built 1880

County Wexford

Class COM/IND/BUS OPP

Type Business

Percent Ownership LLC

Municipality Cadillac

Subdivision MI

Commercial Features Electric Available Furniture Gas Available Sprinkler System Telephone

Area Cadillac (83019)

Primary City Cadillac

Directions Downtown Cadillac MI on the East side of Mitchell St between Cass and Harris.

City Cadillac

Street Name Mitchell

Financial Terms Cash Conventional

Legal Description Lengthy legal on file

DOM 159

Postal Code 49601

Price Per Sq Ft Total 101.61

Coming Soon

Exterior

Exterior Block Brick

Frontage 50

Lot Size Area 0.12

Lot Dimensions 50 x 100

Roads City/County Paved Street

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Brandon Ball

Listing Agent

Dwelling Realty - Kw Northern Michigan

Broker

brandon@dwellingrealty.com

Affordability Calculator

$6,823

Per Month

Monthly Principal & Interest: $6,281
Monthly Property Taxes: $542
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Cadillac, MI

Average List Price ^$442,676

Percent of Sale Price 53%

About Cadillac, MI

10,600 Population

4% Since 2002

^$37,248 Median Income

38.02 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/15/2023	$945,000		Listed Price

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119 S Mitchell Street, Cadillac, MI, 49601 is a Commercial Property for sale at $945,000 with 9,300 sqft and a lot size of 0.12. 119 S Mitchell Street is a studio with 0.0 baths and was built in 1880. The property's zip code is 49601 which is in Cadillac, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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119 S Mitchell Street

Commercial Property for sale in Cadillac, MI

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