117 N Mitchell St
Cadillac, MI 49601
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Core Plus Investment Opportunity
- Well Maintained Building
- Downtown Location
- Excellent Tenants
EXECUTIVE SUMMARY
Income-producing property in the heart of downtown Cadillac. The historic Kramer Building is ready for new ownership! Meticulously maintained with multiple high-quality tenants, this building with 12,135 SF of leasable area boasts many updates including electrical, flooring, paint, and more. Mimicking the prominence of the building’s exterior appearance, the inside of the building has exposed brick in many of the units, and plenty of natural light with views of Lake Cadillac. This three-story building has plenty of parking (on-street parking in the front, public parking lot in the back), is ADA-compliant with the elevator, and each unit has its own heat/AC as well as dedicated electric & gas meters.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
12,135 SF
Building Class
B
Year Built/Renovated
1905/2007
Price
$995,000
Price Per SF
$82
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,045 SF
Building FAR
1.99
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
B2 - Commercial Zoned District
Parking
50 Spaces (4.12 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 10-086-00-027-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $465,400 |
