$975,000
117 N Mitchell Street
Cadillac, MI 49601
MLS# 26007115
12135 sqft
117 N Mitchell Street, Cadillac, MI 49601
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117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601 117 N Mitchell Street, Cadillac, MI 49601

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...')

Details
Maps
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
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 0.14
Lot Square Footage: 6229
Lot Dimensions: 50 x 125
Year Built: 1905
Road Frontage: 50
Mineral Rights: Unknown
Total # Units: 6
# Fin Bldg Lvls: 3
Total # Bldgs: 1
Total SqFt: 12135
Full Baths: 6
Waterfront: No
School District: Cadillac
Tax Info
Tax ID #: 10-086-00-027-00
Taxable Value: 184902
SEV: 452500
For Tax Year: 2025
Seller's Annual Property Tax: 11618
Tax Year: 2024
Spec Assessment & Type: N/A
Zoning: commercial
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
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.

Listing Office: Cb Schmidt - Cadillac

Listing Agent: Daniella Bell

Last Updated: February - 26 - 2026

117 N Mitchell Street, Cadillac, MI 49601 - MLS# 26007115

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