117 N Mitchell Street, Cadillac, MI 49601

New Listing
$975,000
Property Type: Commercial Sale Square Footage: 12,135 Lot Size (sq. ft.): 6,229 Status: Active
Current Price: $975,000 List Date: 2/26/2026 Last Modified: 2/26/2026

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...')

Supplements: 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.

More Information MLS# 26007115

Location & Property Info

Cross Streets: Harris St. Property Sub-Type: Business Opportunity Municipality: Cadillac City Ownership Type: Corporate Owned

Office/Contract Info

Auction or For Sale: For Sale List Price/SqFt: 80.35 Prop Avail for Lease?: No Current Bldg Use: Leased with multiple long term tenants.

General Property Info

New Construction: No Lot Dimensions: 50 x 125 Road Frontage: 50 Mineral Rights: Unknown Waterfront: No Total # Units: 6 Total # Bldgs: 1 # Fin Bldg Lvls: 3 Total SqFt: 12135 School District: Cadillac Lot Measurement: Acres Lot Acres: 0.14 Lot Square Footage: 6229 Year Built: 1905 Full Baths: 6

Tax Info

Taxable Value: 184902 SEV: 452500 For Tax Year: 2025 Seller's Annual Property Tax: 11618 Tax Year: 2024 Homestead %: 0 Spec Assessment & Type: N/A Zoning: commercial Tax ID #: 10-086-00-027-00

Remarks & Misc

Public Remarks: 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...') Legal: LOT 5 EXC W 25 FT OF LOT 5, BLK C MITCHELLS REVISED PLAT OF THE VILLAGE OF CLAM LAKE, CITY OF CADILLAC

Street Type

Paved: 1 Public: 1

Property Use

Business: 1 Investment: 1

Utilities Attached

Cable Connected: 1 Electricity Connected: 1 Natural Gas Connected: 1 Phone Connected: 1

Sewer

Public Sewer: 1

Water

Public Water: 1

Uses

Professional Service: 1 Professional/Office: 1 Retail: 1 Other: 1

Construction Type

Other: 1

Exterior Material

Brick: 1

Roofing

Other: 1

Heat Source

Natural Gas: 1

Sale Conditions

None: 1

Ownership

LLC: 1

Below Grade

Basement: 1

Heat Type

Forced Air: 1

Air Conditioning

Central Air: 1

Docs at List Office

Other: 1

Business Includes

Real Estate: 1 Other: 1

Additional Features

Multi User Facility: 1

Foundation

Other: 1

Util Avail at St

Storm Sewer: 1

Driveway

Shared Unpaved: 1

Purchase Terms Avail

Cash: 1 Conventional: 1 Other: 1

Possession

Close Of Escrow: 1 Subject To Tenant Rights: 1

Location Property Info

County: Wexford Street #: 117 Street Direction: N Street Name: Mitchell Suffix: Street State: MI Zip Code: 49601

OfficeContract Info

Status: Active Current Price: $975,000 List Price: $975,000 Listing Date: 2025-10-11

Remarks Misc

Directions: Downtown Cadillac on west side of street between Mason & Harris.

Property Features

Property Use: Business; Investment Uses: Professional Service; Professional/Office; Retail; Other Ownership: LLC Business Includes: Real Estate; Other Construction Type: Other Exterior Material: Brick Roofing: Other Foundation: Other Below Grade: Basement Additional Features: Multi User Facility Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Storm Sewer Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Shared Unpaved Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional; Other Docs at List Office: Other Sale Conditions: None Possession: Close Of Escrow; Subject To Tenant Rights
Listing Office: Cb Schmidt - Cadillac
Listing Agent: Daniella M Bell
IDX
Last Updated: February - 26 - 2026
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