1461 N Mitchell Street $135,000

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    1461 N Mitchell Street Cadillac, MI 49601

    • 0.50 Acres
    • Commercial
    MLS# 1855245 | Sold In House

    $135,000

    Days On Market: 5 1 Views
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    Property Details

    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.

    • General Features
      • Licenses None
      • Included In Lease None
      • Business Incl No
      • Business Name Investment Propertry
      • Type of Ownership Private Owner
      • Approx Year Built 1990
      • Year Remodeled 2014
      • Type Retail/Commercial
      • Town T 22N
      • Township Haring
      • Present Use Retail Store,Wholesale
    • Building Features
      • Extras Overhead Door(s), Loading Dock(s)
      • Foundation Slab
      • Heating Cooling Source Natural Gas
      • Roof Metal
      • Heating Cooling Type Forced Air, Central Air
      • Apx Total Fin SQFT 8,000
    • Property Features
      • Water Municipal Water
      • Vacant Land No
      • Univs Design/Barrier Free None
      • Road Public Maintained, Blacktop
      • Sewer Municipal
      • % of Remodel 40
      • Parking Parking Lot
      • Exterior Features Steel
      • Construction Other
      • Lot Dimensions 157X140
      • Location Freestanding

    Neighborhood

    49601 (Cadillac) Demographics

    44Median Age
    102Population Density (per sq. mile)
    29%College Educated
    $41,130Estimated Median Income
    6,298Estimated Total Home Owners
    2,262Estimated Total Renters
    74% / 26%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    21,061Total Population

    Market Last 30 Days

    $113,500 Median Sales Price
    26 Homes Sold
    31 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source New Value: $169,900 25.85%
        3/15/2019 3:00:00 AM Sold Source New Value: $135,000 -12.9%
        3/11/2019 5:31:22 PM Status Changed Source New Value: Active U/C Taking Backups
        2/10/2019 1:31:08 AM Status Changed Source New Value: Active
        2/7/2019 12:31:20 PM Price Reduced Source New Value: $155,000
        2/7/2019 12:31:20 PM Status Changed Source New Value: Price Change
        11/26/2018 1:31:22 AM Status Changed Source New Value: Active

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        The data relating to real estate for sale on this web site comes in part from the Internet Data exchange ("IDX") program of Northern Great Lakes REALTORS MLS. All information is provided exclusively for the 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.