Mitchell Road Mall

Shopping Center for Sale
Auction
Catylist Listing ID: 30426401
Property Subtypes: Net Leased, Strip Center
Building Size (RSF): 47,945 SF
Gross Building Area: See Agent
Gross Land Area: 8.93 Acres
Sale Price: $250,000 - 2,500,000
Unit Price: $5.21 - 52.14 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Mitchell Road Mall
Sale Terms: Cash to Seller, Other
Up For Auction: Yes
Auction Type: Undisclosed Reserve
Cap Rate: Undisclosed
Last Updated: 8/20/2019

Overview / Comments

This property is up for Auction. Please visit www.ten-x.com for all details

±47,945 SF shopping center in the heart of Cadillac’s retail corridor

±52% occupied neighborhood retail strip center anchored by JCPenney since 1988

Tenants have long term operating history with staggered lease expirations

Value-add opportunity through lease up of the available ±22,910 SF at long term market rates

Available at a great per square foot price at a discount to replacement cost

Centralized location near many restaurants and other retail amenities

Adjacent to Gordon Food Service, Fox Toyota, Fox Ford/Lincoln/Cadillac, Wendy's and Burger King

Abundant parking with great ingress/egress serviced by a light on Mitchell Road

Additional Details

Nearest MSA: Cadillac
County: Wexford
Taxing Authority: Cadillac
Tax ID/APN: 2209-28-4202
Zoning: COMMERCIAL
Retail Clientele: General, Tourist
Property Visibility: Fair
Number of Stories: 1
Property Condition: Good
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,841 12,461 14,276
Median Age: 32.54 39.23 40.43
Households: 715 4,983 5,746
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.