1435 North Mitchell Street is aretail property for lease in Cadillac, MI.
Colliers International is pleased to offer for sale this value-add retail strip center located in Cadillac, MI. Already listed at a 10% cap rate, the fully leased property jumps to above a 14% cap rate. The property comprises 4,968 SF along the heavily trafficked Business US-131 (N Mitchell St) on Cadillac’s main retail corridor. This center contains three separate suites, ranging in size from 1,130 SF to 2,700 SF. Subway and Payless Shoes currently occupy two of the three suites, with the remaining 1,130 SF currently available for lease at $8.50 SF.
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