Excellent opportunity to own a recently updated, fully occupied, income-producing triplex in Cadillac’s historic district, just blocks from downtown and Lake Cadillac. All three units are tenant-occupied with strong rental history and a current City of Cadillac rental certificate. The property includes two 1-bedroom units and one larger unit with 2 to 3 bedrooms. Potential for future increases. Tenants pay electric; landlord covers gas, water, sewer, trash, lawn, and snow. Off-street parking is available for six vehicles via alley access. Each unit has separate entry and privacy, with shared hallway access for Units 1 and 2. Appliances vary by unit; full list available upon request. Total gross monthly rent is $2,675 with room for increase in Unit 1. Unit 1 is a 1 bed/1 bath unit renting at $775/month (MSHDA, month-to-month). Unit 2 is a 1 bed/1 bath recently updated unit renting at $950/month with a lease through 4/30/26. Unit 3 is a large 2–3 bed/1 bath unit renting at $950/month with a lease through 6/30/26. Unit 3 has electrical in the possible 3rd bedroom space, but no heat. Buyer to verify feasibility for use. Rental is certified with the City of Cadillac—certificate valid through 9/23/2028. Unit 1 exclusions: 2 freezers, refrigerator, washer, and dryer. Unit 2: all appliances included. Unit 3: washer and dryer excluded. All other appliances in working order. Showings require 24–48 hours’ notice and are limited to qualified buyers with proof of funds or pre-approval. Leases available upon request.
Great investment property with a steady tenant of over 30 years in the upper unit. The lower unit is ready for your vision; move in or rent it the choice is yours. This property is conveniently located to all the amenities.
Courtesy: Coldwell Banker Schmidt-Cadillac
Rhonda VanderVelde
Great investment property with a steady tenant of over 30 years in the upper unit. The lower unit is ready for your vision; move in or rent it the choice is yours. This property is conveniently located to all the amenities.
Value-add redevelopment opportunity on a combined 3.54�± acre site with frontage on Aldrich and Wright Streets. Property consists of two parcels and is zoned RM-1 Multiple-Family Residential per the City of Cadillac, with rezoning completed in 2025 in anticipation of apartment conversion of the existing building and potential future housing development on the vacant land. See Documents. RM-1 Multiple-Family Residential zoning allows construction of single-family homes, as well as duplex and multi-family residential uses. Single-family development is subject to R-3 residential standards. Buyer to verify unit count, development potential, and all zoning, site plan, and building requirements with the City.
This is a prime investment opportunity within walking distance to downtown Cadillac. This well-maintained duplex features two updated units (2024) and sits on two lots, providing convenient space for multiple vehicle parking. The main-level unit offers 3 bedrooms and 1 bathroom, while the upper-level unit includes 2 bedrooms and 1 bathroom—a functional setup for long-term rental demand. Main floor unit is currently rented, upstairs vacant but actively looking for a tenant. Very affordable opportunity to start building your real estate portfolio.
Courtesy: REO-Cadillac-233028
Michelle Maidens
This is a prime investment opportunity within walking distance to downtown Cadillac. This well-maintained duplex features two updated units (2024) and sits on two lots, providing convenient space for multiple vehicle parking. The main-level unit offers 3 bedrooms and 1 bathroom, while the upper-level unit includes 2 bedrooms and 1 bathroomâ€"a functional setup for long-term rental demand. Main floor unit is currently rented, upstairs vacant but actively looking for a tenant. Very affordable opportunity to start building your real estate portfolio.
Seller financing available – rare opportunity! This impressive barndominium offers nearly 5,500 sq ft of finished living space on 15 acres with 2 pole barns and a heated/cooled 50x60 attached garage. Currently configured as a duplex, Suite A spans 3,230 sq ft with 5 bedrooms, 3 baths, and high-end finishes throughout, including luxury vinyl plank flooring and tile. The spacious living room boasts tall ceilings and a gas fireplace, whilethe large island kitchen features quartz countertops, updated appliances, a farmhouse sink, abundant cabinetry, and ample workspace.The primary suite offers a custom tile shower, dual sinks, and a walk-in closet. Suite B offers 2,261 sq ft with 3 bedrooms, 2 baths, an office, and a theater room. Outdoor amenities include a basketball court, volleyball court, garden, and a large covered patio with wiring for a hot tub. In addition to the attached garage, storage abounds with a 50x40 pole barn with 3 overhead doors and a 22x42 heated pull-through barn with water. Ideal for multigenerational living or living in one unit while renting the other to cover your mortgage, the property also held a special-use permit for a car dealership. Conveniently located minutes from North End shopping, downtown Cadillac, Lake Mitchell,Lake Cadillac, and US-131.
Cadillac is located in Michigan. Cadillac, Michigan has a population of 10,317. Cadillac is less family-centric than the surrounding county with 23.27% of the households containing married families with children. The county average for households married with children is 27.5%.
The median household income in Cadillac, Michigan is $42,026. The median household income for the surrounding county is $54,114 compared to the national median of $69,021. The median age of people living in Cadillac is 39.7 years.
The average high temperature in July is 80.2 degrees, with an average low temperature in January of 10.9 degrees. The average rainfall is approximately 33.5 inches per year, with 69.2 inches of snow per year.
