MI > Wexford > Cadillac > 214 N Mitchell Street
  • MLS# 1871429
  • Photos
  • Map
  • Satellite
Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

800-871-9992

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

INVESTORS, get in on the growth of Downtown Cadillac with this income producing property! The 15,000 square foot building, which is two separate properties, already have leases in place for two of the major sections, and then seven hotel rooms that generate a nice cash flow. The one building underwent major renovations in the late 1980's, and has been continually updated along the way. In 2016 the center portion underwent a major renovation and is home to Table 212, a wine bar. The main building is home to a long standing restaurant and upscale bar, Hermann's European Inn and Restaurant, the restaurant runs the wine bar and butcher shop as well. Upstairs is host to the seven hotel rooms, a maintenance room, and then 2900 square feet of office space which is also rented. Currently the property has approximately a 15% CAP rate. There is a lot of building and income options here for the serious investor!

Property Information

Status
Active 
Address
214 N Mitchell Street 
City
Cadillac 
Zip
49601 
Year Built
1905 
Listing Date
01/30/2020 
County
Wexford 
Possession
At Closing 
Parking
Assigned,Street Parking 
Price/SqFt
27.33 

Taxes

Summer Taxes
$10,153 
Winter Taxes
$4,130 

Features

Current Use
Bar,Restaurant/Food Service 
Features
14ft Ceiling Height, Phone System 
Zoning
Commercial, Motel/Hotel, Restaurant/Food, Retail 
Water
Municipal Water 
Sub Property Type
Income 
Licenses
None 
Exterior Features
Brick 
Cooling
Baseboard, Central Air, Forced Air, Natural Gas 
Heating
Baseboard, Central Air, Forced Air, Natural Gas 

Mortgage Calculator

years
annual
annual

Get Pre-Approved

  • Market Statistics
  • Property History
  • Schools Information
  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1871429 Active Expired Aug 25 2020 11:02AM 247
1871429 Expired Active Jul 28 2020 2:15AM 247
1871429 Active Jan 30 2020 4:46PM $410,000 247
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

800-871-9992

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

Listing Broker

MITAAR Logo

Listing Courtesy of Five Star Real Estate
Office Address 111 N. Shelby Street

Real Estate One Family of Companies

214 N Mitchell Street Cadillac
Contact us
$410,000
For Sale • Acres: 0.26 • Zoning: Commercial,Motel/Hotel,Restaurant/Food,Retail