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Exceptional commercial opportunity on M-115 just north of Cadillac! Ideally situated on 15.03 acres with prime highway frontage, this versatile property offers outstanding visibility, accessibility, and potential for a variety of business ventures. The 40x144 building is currently utilized as a hardware store and offers flexible space for retail, commercial operations, or investment opportunities. Power is available at the sign on M-115, providing added convenience for business identification and advertising. Recent improvements include a new roof in 2024 and updated LED lighting throughout. The building features two bathrooms, AC, and two separate furnaces and entrances, allowing the interior to be divided into two independent commercial spaces. Whether you envision operating your own business, leasing separate spaces, or expanding an existing operation, the adaptable layout offers numerous possibilities. The attached 40x40 unheated pole barn storage area provides valuable space for equipment, inventory, or other storage needs. A 40x40 concrete pad located just outside the barn end of the building offers additional space for parking, equipment, or outdoor storage. Spectrum fiberoptic internet is connected as well as underground electric. The sale includes the real estate only, not the existing business. Included with the property are gondola shelving throughout the store, pallet racking in the barn area, security cameras, and a forklift, offering added value and convenience for your future business plans. Inventory, point of sale (POS) equipment, and two wooden counters are excluded from the sale. With substantial acreage, excellent M-115 exposure, flexible commercial space, and proximity to Cadillac, this property presents an exciting opportunity for entrepreneurs, investors, and business owners seeking a strategic northern Michigan location. Explore the possibilities and make this highly visible commercial property the foundation for your next venture!

Highlights

  • Commercial Sale
  • Retail
  • Built in 1993
  • 15.03 Acre Lot
  • 9 days on Market

  • Year Built
    1993
  • Construction Materials
    Frame
  • Foundation
    Slab
  • Parking Features
    Parking Lot
  • Living Area
    5760.0
  • Security Features
    Security System
  • Cooling
    Central Air
  • Heating
    Forced Air, Propane

  • Acres
    15.03
  • Lot Features
    Corner Lot
  • Water
    Private

  • County
    Wexford
  • City
    Cadillac
  • Neighborhood
    None
  • Zip Code
    49601

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Frequently Asked Questions

How do I schedule a tour of 2850 E M 115?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 2850 E M 115.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 2850 E M 115?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $495,000. We can talk through recent upgrades, potential seller motivation, how this retail compares to others in Cadillac, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 2850 E M 115?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 2850 E M 115 at around $2,817. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 2850 E M 115?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Wexford County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 2850 E M 115?

In most cases, yes. Whether 2850 E M 115 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Cadillac's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 2850 E M 115?

We can handle that for you. Our preferred local agent specializes in commercial sales in Cadillac and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $495,000 with 5,760 sqft of space—that comes out to approximately $86 per square foot.

How long has this property been on the market?

2850 E M 115 was listed on November 03, 2026, which means it's been on the market for 9 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1993, making it approximately 33 years old.

What is the lot size of this property?

2850 E M 115 sits on a 15.03-acre lot, which is 654,707 square feet.

Is 2850 E M 115 still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright © 2026 Northern Great Lakes REALTORS® MLS. All Rights Reserved.