Address
119 S Mitchell Street, Cadillac, MI
Price
$ 945,000
Property Attributes
- MLS#23145005
- TypeCommercial
- CountyWEXFORD
- CityCadillac
- AreaCadillac City
- NeighborhoodCadillac City
- Zip49601
- StyleBusiness
- Year Built1880
- Taxes$ 6505
- Price$ 945,000
- Bedrooms0
- Full Bathrooms3
- Half Bathrooms0
- Lot Size5,227 SqFt
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description
This fully operating restaurant business is ready for a new owner to step in with the previous owners scaling back into retirement. The building was fully renovated in 2018 during the restaurant buildout. It included mechanicals, second-floor deck addition, sprinkler system, full kitchen building out, full bar buildout, and the professionally designed full interior buildout. This restaurant was built from the studs-in with the experience of the owner's 3 previous restaurant ventures, resulting in perfect kitchen workflow and efficient use of space. Owner is willing to meet with prospects and provide insight to help with the transition. Financials can be provided with a signed confidentiality agreement & showing scheduled. You could not create this opportunity from scratch for this price.
| Price History | |
|---|---|
| 12/15/2023 | Listed $945,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Cooling | Central Air |
| Utilities | Public Water Available,Public Sewer Available,Natural Gas Available,Electric Available,Phone Connected,Natural Gas Connected,Electric Connected |
| Possession | Close Of Escrow |
| Roof | Rubber |
| Construction Materials | Brick |
| Year Built | 1880 |
| Township | Cadillac City |
| Property SubType | Business |
| Tax Year | 2022 |
| Business Type | Restaurant |
| County | Wexford |
| New Construction | No |
| Property Type | Commercial Sale |
| Building Features | Barrier Free,Fire Sprinkler |
| Status | Active |
| Directions | Downtown Cadillac,MI on the East side of Mitchell St between Cass and Harris. |
| City | Cadillac |
| High School District | Cadillac |
| Total Units | 1 |
| MLS Area | Outside MichRIC Area - Z |
| Lot Size Square Feet | 5009.0 |
| Waterfront Y/N | No |
| Street Name | Mitchell |
| Land Lease Y/N | No |
| Tax Annual Amount | 6505.0 |
| Lease Renewal Y/N | No |
| MLS Area Minor | Outside MichRIC Area - Z |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Days on Market | 150 |
| Standard Status | Active |
| Tax Assessed Value | 105066 |
| Ownership Type | LLC |
| MobileHomeRemainsYN | No |
| Legal Description | Lengthy legal on file |
| Senior Community | None |
Interior Features
| Basement | Full |
|---|---|
| Total Fireplaces | 1 |
| Total Stories | 2 |
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Full Baths | 3 |
| Street Suffix | Street |
| Electric On Property Y/N | No |
| Total Baths | 3 |
Exterior Features
| Water Source | Public |
|---|---|
| Inclusions | {u'Licenses': True,u'Equipment': True,u'Real Estate': True,u'Inventory': True,u'Furniture': True} |
| Lot Size Area | 0.12 |
| Number of Buildings | 1 |
| Spa | No |
| Building Area Total | 9300.0 |
| Lot Dimensions | 50 x 100 |
| Lot Size Acres | 0.12 |
| Road Surface Type | Paved |
| Lot Size Units | Acres |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 49601
Price
Taxes
Visits
Year Built
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update May 18, 2024 6:20 PM UTC
Water Wonderland Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
Northern Great Lakes REALTORS® MLS All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
