411 S Simon Street 1, Cadillac, MI 49601 (MLS# 26042024)

411 S Simon Street 1, Cadillac, MI 49601

New Listing
$575,000
Property Type: Multi Family Lot Size (sq. ft.): 6,098 Status: Active
Current Price: $575,000 List Date: 8/11/2026 Last Modified: 8/11/2026

Overview

Description

Exceptional investment opportunity featuring **three multifamily properties totaling 10 rental units**, with 9 of 10 units currently leased. These well-established, long-term rental properties are ideally located within three blocks of downtown Cadillac, providing tenants with convenient access to shopping, dining, entertainment, and employment opportunities. The properties offer ample off-street parking, solid rental history, and easy management due to their close proximity to one another. Whether you're looking to expand your portfolio or step into multifamily investing, this package presents a rare opportunity to acquire income-producing assets in one of Cadillac's most desirable rental locations.

Listing Details MLS# 26042024

Location Property Info

County
Wexford
Street #
411
Street Direction
S
Street Name
Simon
Suffix
Street
State
MI
Zip Code
49601
Zip (4)
2278

General Property Info

Lot Measurement
Acres
Lot Square Footage
6098
Lot Acres
0.14
Lot Dimensions
59 x 100
Year Built
1900
New Construction
No
Financial Available
Yes
Road Frontage
59
Total # Units
4
# of Diff Unit Floor Plans
4
Total # Bldgs
Yes
Total Approx. SqFt All Bldgs
1500
Total Parking Spaces
6
Waterfront
No
School District
Cadillac
Association YN
No
Basement
Yes

Tax Info

Tax ID #
10-082-00-203-00
Taxable Value
63697
SEV
75600
For Tax Year
2025
Seller's Annual Property Tax
3999
Tax Year
2025
Spec Assessment & Ty
n/a
Zoning
res.
Homestead %
0

Remarks Misc

Directions
From downtown Cadillac take Business 131to Stimson Street go east 2 streets turn right on Simon Street, house sits on the left. For the other two properties please use GPS.

Access Feat

Accessibility Features
No

More Information

Unit 1

Unit Description
apartment
Bathrooms
2
Full Baths
2
Deck/Patio
Yes
Range Oven
Yes
Refrigerator
Yes

Unit 2

Unit Description
apartment
Bathrooms
Yes
Full Baths
Yes
Range/Oven
Yes
Refrigerator
Yes

Unit 3

Unit Description
apartment
Bathrooms
Yes
Full Baths
Yes
Range/Oven
Yes
Refrigerator
Yes

Unit 4

Unit Description
apartment
Bathrooms
Yes
Full Baths
Yes

Location & Property Info

Unit #
Yes
Cross Streets
Stimson St.
Property Sub-Type
2 to 4 Units
Municipality
Cadillac City
Ownership Type
Private Owned

Office/Contract Info

Auction or For Sale
For Sale
List Price/SqFt
383.33

Remarks & Misc

Public Remarks
Exceptional investment opportunity featuring **three multifamily properties totaling 10 rental units**, with 9 of 10 units currently leased. These well-established, long-term rental properties are ideally located within three blocks of downtown Cadillac, providing tenants with convenient access to shopping, dining, entertainment, and employment opportunities. The properties offer ample off-street parking, solid rental history, and easy management due to their close proximity to one another. Whether you're looking to expand your portfolio or step into multifamily investing, this package presents a rare opportunity to acquire income-producing assets in one of Cadillac's most desirable rental locations.
Legal
N 59 FT OF LOTS 1 & 2 BLK 22 G A MITCHELLS PLAT OF NW 1/4 SEC 3-21-9, CITY OF CADILLAC

Lot Description

Sidewalk
Yes

Street Type

Paved
Yes
Public
Yes

Util Avail at Street

Cable Available
Yes
High Speed Internet
Yes

Utilities Attached

Electricity Connected
Yes
Natural Gas Connected
Yes

Sewer

Public Sewer
Yes

Water

Public Water
Yes

Terms Available

Cash
Yes
Land Contract
Yes
Tax Def Exchange
Yes

Mineral Rights

No
Yes

Exterior Material

Aluminum Siding
Yes
Vinyl Siding
Yes

Roofing

Other
Yes

Heat Source

Natural Gas
Yes

Sale Conditions

None
Yes

Heat Type

Forced Air
Yes

Tenant Pays

Gas
Yes

Substructure

Full
Yes

Owner Pays

Electricity
Yes
Sewer
Yes
Trash Collection
Yes
Water
Yes

Possession

Close Of Escrow
Yes

Property Features

Exterior Material: Aluminum Siding; Vinyl Siding Roofing: Other Substructure: Full Lot Description: Sidewalk Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: Cable Available; High Speed Internet Owner Pays: Electricity; Sewer; Trash Collection; Water Tenant Pays: Gas Heat Source: Natural Gas Heat Type: Forced Air Street Type: Paved; Public Mineral Rights: No Terms Available: Cash; Land Contract; Tax Def Exchange Possession: Close Of Escrow Sale Conditions: None Unit 1: Deck/Patio; Range Oven; Refrigerator Unit 2: Range/Oven; Refrigerator Unit 3: Range/Oven; Refrigerator
IDX
Listing Office: Coldwell Banker Schmidt Cadillac
Listing Agent: Michael McGuire
Source MLS Verified
Last Updated: August - 11 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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