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Listed by City2Shore Real Estate Northern Michigan
$1,590,000
Est. payment /mo
23,725 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active U/C Taking Backups
Purchase Type For Sale
Square Footage 23,725 sqft
Price per Sqft $67
MLS Listing ID 1936192
Year Built 1970
Lot Size 1.780 Acres
Acres 1.78
Property Sub-Type Mixed Use
Property Description
North Mitchell Street Plaza LLC is a wonderful investment opportunity that takes advantage of the very popular and utilized self storage industry with 125 storage units - which includes an office and maintenance room incorporated into two of them - and in addition offers a renovated building with two offices that have wonderful tenants in both spaces who have leased this building for over 25 years. Renovations by the two office tenants have occurred this year by one tenant and within the last four years by the other, and they pay for all the renovations themselves. The total square footage of office and storage buildings comes to approximately 24,000 ft.². It is located on the north end of Cadillac at 1337 North Mitchell St./Main Street and is across from the fairgrounds and close to multiple restaurants, stores, and businesses. This complex has a large paved parking lot and is well lit at night. Updates completed by the owners include 62 smaller storage units added inside the large storage building on the south end of the complex in 2020, new overhead doors on 8 units in 2022, as well as updates to one bathroom in 2025. The size of the storage units vary and range from 5'x10' to one large unit that measures 30'x40' with multiple sizes in between. Cadillac is a continuously growing and sought after area in northern Michigan making this a prime location to expand your investments. Come and check out the potential of this money-making venture.
Location
State MI
Interior
Heating Forced Air, Natural Gas
Exterior
Waterfront Description Public
Roof Type Asphalt,Metal
Garage false
Building
Foundation Poured Concrete, Slab
Sewer Public Sewer
Water Public
Others
Virtual Tour https://vimeo.com/1099808451/e5e2bc4dc9?share=copy
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