1461 N Mitchell Street
Cadillac, MI 49601

$155,000

Description

Great Location on Cadillac's Busy North End, potential for development as a fast food drive-thru site, great for rental storage facility, or income producing rental. 157 feet of frontage on N Mitchell Street, 157 feet of Frontage on Filmore Avenue. Easy exit from traffic light at Bell Avenue and N Mitchell Street. 8000 square feet of commercial space currently leased to Heating Cooling business and Gym. Leases expire in March 2020. Gym space includes updated bath and locker room facilities. Each rental space is producing $1,000 per month income. Seller will consider land contract or purchase money mortgage terms with $51,000 down payment, $785 monthly payment, 5% interest rate and 5 year balloon.

Details

MLS#1855245
StyleRetail
Sub-TypeResale
StatusActive
Year1990
Days On Site87

Features

SQ Feet8,000
Story(s)1
ZoningCommercial

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Area Information

StateMI
CountyWexford
CityCadillac
Zip Code49601
AreaWexford
Listing VS Median (in 49601)
Price:
$155,000
low | high
Med:
$29,000
100% of Average
SqFt:
8,000
low | high
Med:
0
100% of Average
$ / SqFt:
$19
low | high
Med:
$0
100% of Average
On Site:
87
low | high
Med:
137
63.503649635036% of Average
Listing Updated: 02/17/2019
MLS Number: 1855245
Listing Provided By:
McNamara 155000  of  RE MAX Central
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Northern Great Lake Realtors® MLS.