Real Estate Statistics
| Average Price | $240K |
|---|---|
| Lowest Price | $50.5K |
| Highest Price | $360K |
| Total Listings | 6 |
| Avg. Days On Market | 35 |
| Avg. Price/SQFT | $168 |
Property Types (active listings)
Browse Cadillac Condominiums for Sale
Cadillac, MI Condominiums for Sale
Finding your perfect home is a journey—and if you’re looking at Cadillac, MI condominiums for sale, you’re already on the right path. Cadillac is a charming city nestled in northern Michigan, offering beautiful lakefront views, a peaceful lifestyle, and vibrant community living. Whether you're a retiree, a first-time buyer, or someone looking to invest, Cadillac's condo market has something tailored just for you.
Why Choose Cadillac, MI for Condo Living?
Scenic Beauty and Outdoor Activities
Cadillac is surrounded by breathtaking natural beauty, including Lake Cadillac and Lake Mitchell, which offer year-round recreational opportunities. Residents enjoy boating, fishing, kayaking, hiking, and snowmobiling—depending on the season. If you love nature, you’ll appreciate how easy it is to access trails, parks, and waterfront spots right from your doorstep.
Safe and Friendly Community
One of the most appealing aspects of Cadillac is its close-knit, welcoming community. With a population just under 10,000, this city strikes a balance between small-town warmth and essential urban amenities. Low crime rates, friendly neighbors, and active community events make it an ideal place to settle down.
Check out this video for a look at the Cadillac Community
Current Real Estate Market Trends in Cadillac
Price Range of Condos
In 2025, Cadillac, MI condominiums for sale typically range from $120,000 to $350,000, depending on the size, location, and features. Lakefront condos fetch premium prices, while downtown or mid-range units offer great value for the price.
Demand vs. Supply
There’s a steady demand for condos in Cadillac, especially among downsizers and retirees. However, the supply is somewhat limited, which keeps prices stable. Buyers should act quickly when they find a desirable unit.
Investment Potential
Thanks to the area’s increasing popularity and proximity to outdoor attractions, investing in a condo here can yield long-term appreciation. Rental income from short-term vacationers is also a possibility.
Top Neighborhoods for Condominiums in Cadillac
Downtown Cadillac
This area offers walkable access to restaurants, coffee shops, and retail. Condos here are perfect for those who enjoy an urban feel without the chaos of a big city.
Lake Cadillac Area
Waterfront living at its finest. These condos come with serene views and the luxury of private docks or beach access. It’s a hotspot for vacation homes and retirees.
Mitchell Street Corridor
A blend of historical charm and modern touches, this corridor is seeing new development and is quickly becoming a favorite for those looking for a quieter, suburban condo life.
Types of Condominiums Available
Lakefront Condos
Imagine waking up to the sun rising over the water. Lakefront units often come with balconies, water access, and panoramic views.
Gated Community Units
Some newer builds in Cadillac offer secure, gated living with added amenities like gyms, pools, and clubhouses.
Modern Multi-Unit Buildings
Contemporary condos with open floor plans, large kitchens, and energy-efficient appliances are also part of the local inventory.
Check out this video for a look at the condominium lifestyle
Features and Amenities to Expect
In-Unit Appliances and Layouts
Most Cadillac condos feature updated appliances, modern cabinetry, and open-concept living areas designed for comfort and functionality.
Shared Community Perks
Expect access to community centers, shared green spaces, BBQ areas, and in some cases, fitness facilities or pools.
Parking and Storage
Many units offer attached or detached garages, as well as designated storage areas—a necessity for those with outdoor gear.
Benefits of Buying a Condo in Cadillac
Maintenance-Free Living
HOA fees typically cover lawn care, snow removal, and exterior maintenance, freeing up your weekends.
Affordability Compared to Houses
Condos in Cadillac are more affordable than single-family homes in similar neighborhoods, making them ideal for first-time buyers or retirees on a budget.
New vs. Resale Condos: What’s Best for You?
Pros and Cons of New Builds
New builds offer energy efficiency, modern layouts, and minimal initial maintenance—but often at a higher price.
Value of Pre-Owned Units
Resale condos might offer better locations or lower prices, though they may require updates or minor repairs.
Financing Options for Cadillac Condos
Mortgage Lenders in Cadillac
Local lenders like Wexford Community Credit Union and Independent Bank offer tailored financing for buyers in the area.
FHA and VA Loans
Many Cadillac condos qualify for FHA and VA loans, making them accessible for veterans and low-to-mid-income families.
Local Grants
Check for first-time homebuyer assistance through Michigan State Housing Development Authority (MSHDA) or Wexford County programs.
Working with a Local Realtor
Navigating the Cadillac condo market requires someone who understands its unique trends, neighborhoods, and buying nuances. That’s where working with a trusted local expert becomes essential.
One of the top-performing realtors in the region is Brook Walsh, founder of BrookWalsh.com. Specializing in Northern Michigan real estate, Brook brings a deep knowledge of the Cadillac area, including waterfront properties and investment condos. His personalized approach, market insight, and commitment to client satisfaction make the buying process smooth and rewarding.
Whether you're a first-time buyer or looking for a luxurious lakefront condo, Brook Walsh offers expert guidance from search to closing—and beyond.
Questions to Ask Before Hiring
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How familiar are you with Cadillac condominiums?
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Can you help identify HOA pros and cons?
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What’s your experience with waterfront or investment properties?
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Do you have off-market or exclusive listings?
Top 5 Condominiums for Sale Right Now
Listing 1: Lakefront Luxury Condo – $325,000
Located directly on Lake Cadillac, this 2-bedroom, 2-bath condo features hardwood floors, granite countertops, and a private balcony with sweeping lake views. The community offers a shared dock, kayak storage, and an exercise room.
Listing 2: Downtown Gem – $210,000
This modern downtown unit places you steps from restaurants, shops, and entertainment. With an open-concept design, stainless steel appliances, and secure parking, it’s ideal for young professionals or empty nesters.
Listing 3: Golf Course View Condo – $245,000
Nestled alongside Eldorado Golf Course, this 3-bedroom condo offers a peaceful setting, vaulted ceilings, and a screened-in porch perfect for summer evenings.
Listing 4: Affordable Starter Condo – $159,000
A great option for first-time buyers, this cozy 1-bedroom unit features in-unit laundry, low HOA fees, and updated flooring. Located just minutes from downtown.
Listing 5: Gated Community Retreat – $299,000
This newer build in a quiet gated community includes 2 beds, 2.5 baths, a finished basement, and access to a clubhouse with fitness center and pool.
Inspection and Closing Process
What to Check in a Condo Inspection
When buying a condo in Cadillac, always hire a certified home inspector. Key things to inspect include:
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HVAC systems
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Plumbing and electrical
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Structural integrity
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Signs of water damage or mold
Also review the HOA’s financials and policies—these are often overlooked but can greatly impact your living experience.
Timeline to Close
The typical closing period ranges from 30 to 45 days. Steps include:
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Offer accepted
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Condo inspection
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Mortgage approval
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Final walk-through
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Closing paperwork
Common HOA Rules and Fees in Cadillac Condos
Monthly Dues Breakdown
HOA fees in Cadillac usually range from $150 to $350 per month, covering:
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Exterior maintenance
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Lawn care and snow removal
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Water and sewer in some cases
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Insurance for common areas
Common Restrictions and Guidelines
Some typical HOA rules include:
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No short-term rentals (like Airbnb)
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Restrictions on pets (size or breed)
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Noise ordinances
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Approval for exterior modifications
Be sure to read all HOA documents carefully before buying.
Long-Term Value and Appreciation
Historical Trends
While Cadillac isn’t a high-flipping market, property values have consistently appreciated by 3–5% annually over the past decade. Lakefront condos in particular have shown strong resilience and growth.
Rental Income Possibilities
If allowed by the HOA, renting out your condo—either long-term or as a seasonal unit—can bring in $1,000–$1,800/month, depending on location and amenities.
Condo Living vs. Traditional Homes
Space and Lifestyle Comparison
Condos typically have smaller living spaces, but they offer a simpler lifestyle. You won’t be mowing lawns, shoveling driveways, or worrying about siding repairs.
Pros and Cons
Pros:
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Low maintenance
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Affordable
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Community perks
Cons:
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Less privacy
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HOA restrictions
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Shared walls and spaces
Maintenance and Property Management
Services Included
Most Cadillac condos include maintenance for:
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Roofs and siding
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Landscaping
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Snow removal
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Trash pickup
Dealing with HOA Issues
If disputes arise, most associations have formal channels like board meetings, mediation, or third-party management companies to help resolve issues fairly.
Testimonials from Recent Buyers
Why They Chose Cadillac
"We were looking for a peaceful lakefront spot to retire, and Cadillac checked all the boxes—beauty, affordability, and community." — Paul & Linda R., recent buyers
"I wanted a low-maintenance lifestyle but still close to trails and restaurants. My downtown condo has it all." — Jessie T., young professional
Real Experiences
Buyers consistently praise the helpfulness of local agents, the value of their investment, and the friendliness of neighbors in Cadillac communities.
How to Start Your Condo Search in Cadillac
Best Property Websites
Use platforms like:
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Realtor.com
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Trulia
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Local agencies like Northern Michigan Realty
Open House Tips
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Always bring a checklist
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Ask about HOA fees and what's included
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Don’t rush—inspect every room and test water pressure, lighting, and windows
Contacting Sellers
Work through your agent, or use listing websites to schedule showings. Some sellers offer virtual tours or video walk-throughs for remote buyers.
Frequently Asked Questions
1. Are Cadillac, MI condos a good investment?
A. Yes, especially lakefront or well-located downtown units. They offer steady appreciation and can be rented seasonally.
2. What is the average HOA fee for a Cadillac condo?
A. Expect to pay between $150–$350 per month, depending on amenities and location.
3. Can I use an FHA loan to buy a condo in Cadillac?
A. Yes, but make sure the condo project is FHA-approved.
4. Are pets allowed in most Cadillac condominiums?
A. Policies vary, but many HOAs allow pets with certain breed or size restrictions.
5. What are the best neighborhoods to look at?
A. Lake Cadillac, downtown, and the Mitchell Street Corridor are top picks for their views, convenience, and charm.
6. How soon can I move in after closing?
A. Usually within 24–48 hours after signing the final paperwork and funds being transferred.
Conclusion: Making Your Move to Cadillac, MI
With a variety of beautiful, affordable, and convenient condos, Cadillac, MI condominiums for sale present a fantastic opportunity for homebuyers of all types. Whether you're drawn by the serene lakes, walkable downtown, or the promise of a maintenance-free lifestyle, there’s a unit waiting just for you. The market is competitive, so now is the time to act.
Start your search today with a trusted local agent or explore online listings to find the perfect Cadillac condo that suits your lifestyle and budget.
Explore homes in the condominium lifestyle communities below or contact Brook Walsh to help with your search. You can also reach Brook by phone at (231) 459-3179 for all of your Northern Michigan real estate needs.
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