Waste no time to check out this wonderful investment opportunity! Located just off M-115 as you are heading into Cadillac West, sits this 2.88-acre parcel with 10 rentals, a 50x80 pole barn, and Lake Cadillac views. Currently known as Lakeview Apartments of Cadillac, this establishment has been around for years. The 10 units vary in size, there are 6-studio cabins, 1-1bedroom, 2-2bedroom and 1-3bedroom. There is a private well that services all the units, they each have sewer and natural gas. The 50x80 pole barn has 16’ sidewalls, 14’, and a 12’ overhead door. The pole barn and the 3-bedroom unit are currently occupied by one of the owners as they maintain the premises. A new owner could easily rent these out for an additional monthly income. There is also room to grow the establishment with an open area to the north that offers an open view of Lake Cadillac, buyer to verify their own information with zoning, township, city etc. Beaches, parks, camping, dining options, golfing, and so much more are all within walking distance of the property. This property must be shown by appointment only.
Sold for $495,000
$495,000
6444 E M 115, Cadillac, MI 49601
--beds
--baths
5,400sqft
Multi Family
Built in 1971
-- sqft lot
$513,900 Zestimate®
$92/sqft
$2,198 Estimated rent
Home value
$513,900
Estimated sales range
Not available
$2,198/mo
Zestimate® history
Owner options
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$2,198/mo
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$2,198/mo
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$3,142/mo
Est. payment
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$3,142/mo
Est. payment
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Lake cadillac views
Zillow last checked:
Listing updated:
Listed by:
Michelle Maidens Home:231-878-8777,
REO-Cadillac-233028 231-468-3441
Bought with:
Thomas Krause, 6504205259
Krause Realty Solutions
Source: NGLRMLS,MLS#: 1929487
Facts & features
Interior
Heating
- Forced Air, Baseboard, Wall Furnace, Natural Gas
Cooling
- Multi Units
Appliances
- Included: Refrigerator, Oven/Range
Features
- None, Cable TV, High Speed Internet
- Basement: Partial,Exterior Entry
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 5,400
- Total interior livable area: 5,400 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Exterior features: None
- Has view: Yes
- View description: Water
- Water view: Water
Lot
- Size: 2.88 Acres
Details
- Additional structures: Pole Building(s)
- Parcel number: 2109LKG01A (+1)
- Zoning description: Commercial
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch,Cottage
- Property subtype: Multi Family
Materials
- Frame, Log, Vinyl Siding, Full Log, Wood Siding
- Foundation: Block, Slab
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1971
Utilities & green energy
- Sewer: Public Sewer
- Water: Shared Well
Community & HOA
Community
- Features: Common Area
- Subdivision: Lakeview Apartments of Cad
Location
- Region: Cadillac
Financial & listing details
- Price per square foot: $92/sqft
- Tax assessed value: $217,818
- Annual tax amount: $11,718
- Price range: $495K - $495K
- Date on market: 12/5/2024
- Cumulative days on market: 445 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,Cash
- Ownership type: Corporation
- Lease term: Month To Month
- Road surface type: Concrete
Price history
| Date | Event | Price |
|---|---|---|
| 2/23/2026 | Sold | $495,000-17.5%$92/sqft |
Source:  NGLRMLS #1929487 Report a problem | ||
| 12/5/2025 | Pending sale | $599,900$111/sqft |
Source: NGLRMLS #1929487 Report a problem | ||
| 7/15/2025 | Price change | $599,900-9.8%$111/sqft |
Source: NGLRMLS #1929487 Report a problem | ||
| 12/5/2024 | Listed for sale | $665,000$123/sqft |
Source: NGLRMLS #1929487 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 49601
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Nearby schools
GreatSchools rating
- 7/10Lincoln Elementary SchoolGrades: K-5Distance: 3.1 mi
- 7/10Mackinaw Trail Middle SchoolGrades: 6-8Distance: 2.3 mi
- 6/10Cadillac Senior High SchoolGrades: 9-12Distance: 2.2 mi
Schools provided by the listing agent
- District: Cadillac Area Public Schools
Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Michigan
- Wexford County
- Cadillac
- 49601
- 6444 E M 115
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