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$ 975,000
Est. payment /mo
Active
117 N Mitchell Street Cadillac, MI 49601
6 Baths
12,135 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 12,135 sqft
Price per Sqft $80
Municipality Cadillac City
MLS Listing ID 26007115
Full Baths 6
Year Built 1905
Annual Tax Amount $11,618
Tax Year 2025
Lot Size 6,229 Sqft
Acres 0.14
Lot Dimensions 50 x 125
Property Sub-Type Business
Source Michigan Regional Information Center (MichRIC)
Property Description
The Historic Kramer Building | Downtown Cadillac, MI Income-producing property in the heart of Cadillac's vibrant downtown! The iconic Kramer Building combines historic charm with modern updates, offering over 12,000 SF of leasable area across three stories. A cornerstone of the city's central business district, this property features a mix of high-quality, long-term tenants and has been meticulously maintained inside and out. Recent upgrades include electrical, flooring, paint, and mechanical improvements, all while preserving the building's architectural integrity. Many suites feature exposed brick walls, tall ceilings, and large windows that fill the spaces with natural light and provide views of Lake Cadillac. Each suite is individually metered for gas and electric and equipped with its own heating and cooling system. (See 'More...') The building is ADA-compliant, offering a modern elevator system that provides full accessibility to all three floors--an uncommon and valuable feature in a historic downtown property. The elevator serves both front and rear entries, ensuring that all tenants, clients, and visitors can easily navigate the building, whether accessing ground-level retail or upper-level professional offices. This amenity not only meets accessibility standards but also enhances the overall convenience, marketability, and long-term value of the asset. Property amenities include on-street parking at the front door and direct access to a large public parking lot at the rear, providing exceptional convenience and visibility for tenants and patrons alike. Walkable to Lake Cadillac, the City Park, restaurants, retail, and professional services, this property sits at the center of the Downtown Development Authority (DDA) district--an area known for its year-round community activity and business growth. A rare opportunity to own a landmark income property that blends modern functionality with historic distinction. Highlights: Income-producing downtown asset with strong returns. The Kramer Building delivers over 12,000 SF of stabilized leased space with long-term tenants and separate utility metering for maximized efficiency. ADA elevator access, modern systems, and low maintenance costs support reliable cash flow. Located in Cadillac's active DDA district with high visibility and foot traffic, this turnkey portfolio offers above-average ROI and long-term value growth in a proven rental market. The building is ADA-compliant, offering a modern elevator system that provides full accessibility to all three floors--an uncommon and valuable feature in a historic downtown property. The elevator serves both front and rear entries, ensuring that all tenants, clients, and visitors can easily navigate the building, whether accessing ground-level retail or upper-level professional offices. This amenity not only meets accessibility standards but also enhances the overall convenience, marketability, and long-term value of the asset. Property amenities include on-street parking at the front door and direct access to a large public parking lot at the rear, providing exceptional convenience and visibility for tenants and patrons alike. Walkable to Lake Cadillac, the City Park, restaurants, retail, and professional services, this property sits at the center of the Downtown Development Authority (DDA) district--an area known for its year-round community activity and business growth. A rare opportunity to own a landmark income property that blends modern functionality with historic distinction. Highlights: Income-producing downtown asset with strong returns. The Kramer Building delivers over 12,000 SF of stabilized leased space with long-term tenants and separate utility metering for maximized efficiency. ADA elevator access, modern systems, and low maintenance costs support reliable cash flow. Located in Cadillac's active DDA district with high visibility and foot traffic, this turnkey portfolio offers above-average ROI and long-term value growth in a proven rental market.
Location
State MI
County Wexford
Direction Downtown Cadillac on west side of street between Mason & Harris.
Interior
Heating Forced Air
Cooling Central Air
Inclusions Real Estate
Exterior
Utilities Available Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer
View Y/N No
Street Surface Paved
Building
Building Description Brick, Multi User Facility
Structure Type Brick
New Construction No
Schools
School District Cadillac
Others
Tax ID 10-086-00-027-00
Ownership LLC
Acceptable Financing Conventional, Other, Cash
Listing Terms Conventional, Other, Cash
Listed by Cb Schmidt - Cadillac
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CJ Johnson
Agent | License ID: 6501457704