Discover the Top 10 Commercial Real Estate Opportunities for Sale and Lease in Cadillac, MI

Cadillac, MI Commercial Real Estate for Sale and Lease

Cadillac’s commercial district blends historic charm with modern convenience. Along Mitchell Street, red-brick storefronts house boutiques, cafés, and professional offices that thrive on steady foot traffic and seasonal events. Just off US-131 and M-55, newer retail centers and light industrial parks offer high visibility, ample parking, and easy highway access.

Local incentives—like tax abatements and façade grants—encourage property upgrades, while recent streetscape and broadband improvements boost curb appeal and connectivity. Anchored by healthcare, education, tourism, and light manufacturing, Cadillac’s economy supports a diverse workforce and makes its commercial real estate market both stable and ripe for growth.

Real Estate Statistics

Average Price	$462K
Lowest Price	$55K
Highest Price	$2M
Total Listings	34
Avg. Days On Market	482
Avg. Price/SQFT	$99

Property Types (active listings)

Browse Cadillac, MI Commercial Real Estate for Sale and Lease

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• Under $100,000
• $100,000 - $200,000
• $200,000 - $300,000
• $300,000 - $400,000
• $400,000 - $500,000
• $500,000 - $600,000
• $700,000 - $800,000
• $800,000 - $900,000
• Over $1,000,000

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New

$1,999,000

2035 & 2085 S 33 1/2 Road, Cadillac

0 Beds 8 Baths 16,072 SqFt Commercial MLS® # 1936740

New

$1,649,000

1337 N Mitchell Street, Cadillac

0 Beds 0 Baths 23,725 SqFt Commercial MLS® # 1936192

New

$1,099,900

1500 Ron Wilson Drive, Cadillac

0 Beds 3 Baths 28,000 SqFt Commercial MLS® # 1938829

$850,000

2604 Sunnyside Drive, Cadillac

0 Beds 4 Baths 8,436 SqFt Commercial MLS® # 1918131

$839,000

↓ $93,000

310-316 Bell Avenue, Cadillac

0 Beds 9 Baths 19,928 SqFt Commercial MLS® # 1896592

$785,000

00 39 Road, Cadillac

0 Beds 0 Baths 0 SqFt Commercial MLS® # 1926985

$774,000

↓ $2,000

2403 Sunnyside Drive, Cadillac

0 Beds 2 Baths 5,136 SqFt Commercial MLS® # 1896851

$725,000

916 S Mitchell Street, Cadillac

0 Beds 1 Bath 6,850 SqFt Commercial MLS® # 1930471

New

$564,900

926 Frisbee Drive, Cadillac

0 Beds 2 Baths 12,000 SqFt Commercial MLS® # 1938830

$540,000

7801 S Us-131, Cadillac

0 Beds 0 Baths 1,236 SqFt Commercial MLS® # 1932500

$499,000

1800 E M-55, Cadillac

0 Beds 0 Baths 10,833 SqFt Commercial MLS® # 1927534

New

$420,000

219 N Mitchell Street, Cadillac

0 Beds 0 Baths 8,385 SqFt Commercial MLS® # 1936218

$399,000

8072 S Mackinaw Trail, Cadillac

0 Beds 0 Baths 0 SqFt Commercial MLS® # 1921219

$360,000

7859 S Us-131, Cadillac

0 Beds 0 Baths 0 SqFt Commercial MLS® # 1919383

New

$350,000

2020 E 24 Road, Cadillac

0 Beds 0 Baths 3,300 SqFt Commercial MLS® # 1938561

$348,500

150 Granite Street, Cadillac

0 Beds 1 Bath 2,002 SqFt Commercial MLS® # 1925536

$329,000

↓ $21,000

107 N Mitchell Street, Cadillac

0 Beds 6 Baths 12,400 SqFt Commercial MLS® # 1923527

New

$309,900

1200 S Mitchell Street, Cadillac

0 Beds 1 Bath 2,300 SqFt Commercial MLS® # 1934671

Pending

$299,500

291 Hanthorn Street, Cadillac

0 Beds 1 Bath 15,200 SqFt Commercial MLS® # 1927476

$299,000

7642 S Business Us-131, Cadillac

0 Beds 0 Baths 0 SqFt Commercial MLS® # 1899561

Pending

$265,000

1012 Sixth Street, Cadillac

0 Beds 0 Baths 0 SqFt Commercial MLS® # 1928570

$249,000

900 S Mitchell Street, Cadillac

0 Beds 0 Baths 0 SqFt Commercial MLS® # 1929010

$225,000

↓ $25,000

00 13th Street, Cadillac

0 Beds 0 Baths 0 SqFt Commercial MLS® # 1929182

$224,900

309 N Mitchell, Cadillac

0 Beds 1 Bath 2,050 SqFt Commercial MLS® # 1929188

$200,000

Vacant Lot Plett Road, Cadillac

0 Beds 0 Baths 0 SqFt Commercial MLS® # 1881454

Pending

$195,000

↓ $25,000

6020 E 34 Road, Cadillac

0 Beds 0 Baths 2,011 SqFt Commercial MLS® # 1935759

New

$175,000

1012 Seneca, Cadillac

0 Beds 1 Bath 2,104 SqFt Commercial MLS® # 1933028

$160,000

115.5 E Nelson Street, Cadillac

0 Beds 0 Baths 3,600 SqFt Commercial MLS® # 1929588

New

$150,000

208 Robertson Street, Cadillac

0 Beds 0 Baths 0 SqFt Commercial MLS® # 1935269

$140,000

↓ $20,000

6997 E 44 Road, Cadillac

0 Beds 0 Baths 1,332 SqFt Commercial MLS® # 1918274

$85,000

Parcel A Plett Road, Cadillac

0 Beds 0 Baths 0 SqFt Commercial MLS® # 1868343

$75,000

Parcel C Plett Road, Cadillac

0 Beds 0 Baths 0 SqFt Commercial MLS® # 1868346

New

$69,900

214 Granite Street, Cadillac

0 Beds 1 Bath 1,200 SqFt Commercial MLS® # 1935977

$55,000

Parcel B Plett Road, Cadillac

0 Beds 0 Baths 0 SqFt Commercial MLS® # 1868344

Cadillac, MI Commercial Real Estate for Sale and Lease: Top 10 Opportunities

Cadillac, MI Commercial Real Estate offers prime office, retail, and industrial properties in Cadillac, MI. Discover top opportunities today.

Overview of Cadillac, Michigan Commercial Real Estate Market

Cadillac, Michigan sits at the heart of the northern Lower Peninsula. With a mix of tourism, light manufacturing, and a healthy retail corridor, the city’s commercial landscape is full of promise.

Whether you’re a seasoned investor or a first-time business owner, diving into Cadillac, MI Commercial Real Estate for Sale and Lease means tapping into a community that balances small-town charm with steady economic growth.

Historical Market Trends

Over the past decade, Cadillac’s commercial market has evolved steadily. In the early 2010s, many properties were repurposed historic storefronts downtown. Investors saw value in converting upper-floor apartments and ground-level retail into mixed-use spaces, boosting pedestrian traffic. Between 2015 and 2019, vacancy rates hovered around 8–10% in Class B office buildings but dipped to 5% in revamped historic blocks. This period also saw new construction in the industrial park off M-55, geared toward light manufacturing and logistics.

Current Market Drivers

Today, several factors drive demand:

• Tourism rebound: Cadillac’s proximity to lakes Mitchell and Cadillac draws seasonal visitors who support local eateries and retail shops.

• Remote-work migration: As more professionals choose hybrid work, demand for flexible office suites and coworking spaces is rising.

• Infrastructure upgrades: Recent streetscape improvements on Lake Street and new broadband expansions make commercial zones more attractive.

• Local incentives: The Cadillac Development Authority offers tax abatements for downtown renovations, lowering entry costs for buyers.

Combined, these drivers have pushed average cap rates downward by about 50 basis points since 2020, signaling tighter competition among investors.

Key Commercial Property Types in Cadillac

Cadillac’s market covers a broad spectrum of uses—from offices and retail to industrial sites and vacant land. Understanding each property type helps you pick the right asset for your goals.

Office Buildings

Class A and B office buildings in Cadillac range from standalone structures near US-131 to small suites above downtown shops. Typical lease terms run five years with triple-net (NNN) structures. Many older brick buildings now feature updated HVAC and fiber connectivity, making them competitive with suburban parks.

Retail Spaces

Downtown Cadillac offers historic retail bays with high visibility on Mitchell Street. Meanwhile, newer strip centers on M-55 host national and local brands. Rent rates range from $12 to $20 per sq ft NNN. Strong foot traffic near festivals like the National Farmers Market Festival drives demand.

Industrial and Warehouse Facilities

The Cadillac Industrial Park, just east of US-131, supports modular warehouse units, distribution centers, and light assembly lines. Ceiling heights of 18–24 feet and ample trailer courts appeal to logistics firms. Tenants often negotiate five- to ten-year leases with options.

Investment Opportunities and ROI Expectations

Buying or leasing commercial real estate in Cadillac can yield steady income and long-term appreciation. Below are key metrics to consider.

Cap Rate Benchmarks

Cap rates in Cadillac generally range from 6.5% for prime retail to 8.5% for basic warehouse stock. Urban infill retail and mixed-use often trade at tighter caps (6.0–6.8%) due to strong foot traffic and redevelopment incentives.

Value-Add Strategies

Savvy investors pursue value-add plays such as:

1. Renovating storefronts to modern standards.

2. Re-tenanting underperforming suites with higher-credit tenants.

3. Adding amenities like shared conference facilities or outdoor dining patios.

These updates can boost Net Operating Income (NOI) by 10–20%, compressing cap rates and driving equity growth.

How to Find and Evaluate Cadillac Commercial Listings

Locating the right property takes research and reliable partners. Here’s how to streamline your search and due diligence.

Working with Commercial Brokers for Cadillac, MI Commercial Real Estate for Sale and Lease

Engage a local broker who knows micro-markets like downtown Mitchell Street versus M-55. A broker can provide off-market deals and guide lease negotiations. Look for someone with SIOR or CCIM designations—they’ve passed rigorous training.

Online Listing Platforms and Tools

Key resources include:

• LoopNet and Crexi for broad searches.

• CoStar (subscription) for deep analytics.

• City of Cadillac GIS portal for zoning and parcel maps (https://www.cadillac-mi.net/).

Property Tours and Comparative Analysis

Always tour multiple sites to compare location, build-out condition, and traffic counts. Use a simple spreadsheet to tabulate:

Legal and Due Diligence Considerations

Before you sign on the dotted line, make sure legal and regulatory boxes are checked.

Environmental Assessments

• Phase I ESA: Reviews site history for contamination.

• Phase II ESA: Soil and water testing if Phase I flags issues.

Zoning and Regulatory Compliance

Cadillac’s zoning districts range from B-1 Downtown Mixed-Use to I-2 Heavy Industrial. Confirm permitted uses, setback requirements, and sign regulations at the City Planning Office.

Lease Review and Title Search

Hire a real estate attorney to vet lease clauses, tenant improvement allowances, and assignability. A title search ensures no liens or easements will affect your planned use.

Frequently Asked Questions

Q: What is the average cap rate for retail properties in Cadillac?
A: Retail cap rates typically fall between 6.0% and 6.8%, with prime downtown locations trading tighter due to foot traffic and event-driven demand.

Q: Are there tax incentives for commercial renovations downtown?
A: Yes—the Cadillac Development Authority offers tax abatements of up to 12 years for qualified façade and interior upgrades.

Q: How long does the typical lease term run?
A: Office and retail leases generally span five to ten years, often with renewal options. Industrial leases can extend to 15 years.

Q: Can I finance a ground-up build in Cadillac?
A: Local banks and regional lenders often underwrite construction loans, though they may require higher equity (20–30%) and pre-leased tenants.

Q: Where can I find zoning maps and parcel data?
A: The City of Cadillac GIS portal provides free access to zoning districts, parcel boundaries, and property tax information.

Q: What is a common due diligence timeline?
A: Plan for 30–45 days to complete ESAs, surveys, title work, and lease reviews before closing.

Conclusion

Cadillac, MI Commercial Real Estate for Sale and Lease presents a range of options—from vintage downtown storefronts to modern industrial parks—backed by steady tourism, local incentives, and growing hybrid-work trends. By understanding market fundamentals, leveraging local expertise, and conducting thorough due diligence, you can secure an asset that meets your financial goals and contributes to Cadillac’s vibrant community.

Continue your Northern Michigan commercial real estate search in the communities below or contact Brook Walsh to help you with your search.