210 W Carleton Road, Hillsdale, MI 49242 (MLS# 25052593)

210 W Carleton Road, Hillsdale, MI 49242

$5,500,000

Property Type: Commercial Sale Square Footage: 46,000 Lot Size (sq. ft.): 306,662 Status: Active

Current Price: $5,500,000 List Date: 10/13/2025 Last Modified: 10/13/2025

Overview

Description

Prime investment opportunity in the heart of Hillsdale! The Market House is a 46,000 sq. ft. commercial property ideally situated at the city's busiest intersection just steps from Hillsdale College. This well-maintained building offers excellent visibility, high traffic, and a diverse mix of long-term tenants including Biggby Coffee and Anytime Fitness, both recently remodeled. The grocery anchor features a state-of-the-art bakery with a new oven, a made-to-order sushi station, and Underdogs?a brand-new bar located in the center of the store offering beverages to enjoy while you shop. The food court adds even more draw with Sharon's House of Pancakes, Krispy Krunchy Chicken, and Blimpie Subs. Property highlights include a meticulously maintained 250-space parking lot (resealed yearly), updated electrical systems, and a newer rubber roof (installed in 2019). Two loading docks, and dual liquor licenses (SDD & SDM Package) and a Class C add

Supplements: operational versatility and income potential. Together, these licenses make the Hillsdale Market House a powerhouse for food and beverage revenue Key Investment Highlights: Stable, Long-Term Leases: Reliable tenants with proven performance and lease stability. High-Traffic, Prime Location: Exceptional visibility and ample parking. Well-Maintaine ... (Read more)

Listing Details MLS# 25052593

Location Property Info

County: Hillsdale
Street #: 210
Street Direction: W
Street Name: Carleton
Suffix: Road
State: MI
Zip Code: 49242
Zip (4): 5037

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 7.04
Lot Square Footage: 306662
Lot Dimensions: 461 x 376 x 205 x 328 x 376 x 798
Year Built: 1973
Road Frontage: 420
Mineral Rights: Yes
Year Remodeled: 2006
Total # Units: 6
# Fin Bldg Lvls: 44670
# of Diff Unit Floor Plans: 6
Total # Bldgs: Yes
Total SqFt: 46000
Property Use Type: Business
Full Baths: 8
Waterfront: No
School District: Hillsdale

Tax Info

Tax ID #: 006-222-326-22
Taxable Value: 800000
SEV: 800000
For Tax Year: 2025
Seller's Annual Property Tax: 48479
Tax Year: 2024
Spec Assessment & Type: N/A
Zoning: Commercial
Homestead %: 0

Remarks Misc

Directions: Fayette St

Additional Details

# Loading Docks/Well: 2
Total Parking Spaces: 250

More Information

Business Opportunity

# Full Time Employees: 30
# Part Time Employees: 50
Business Name: Hillsdale Market Hou
Real Estate Value ($): 2500000

Unit 1

Unit Description: Biggby
SqFt: 1859

Unit 2

Unit Description: Anytime Fitness
SqFt: 3678
# Baths: 3

Unit 3

Unit Description: Hillsdale Market Hou
SqFt: 37570

Unit 4

Unit Description: Underdogs

Unit 5

Unit Description: Food Court

Unit 6

Unit Description: Stock room
SqFt: 19320

Location & Property Info

Cross Streets: Fayette St.
Property Sub-Type: Business Opportunity
Area: Hillsdale County - X
Municipality: Hillsdale City
Ownership Type: Private Owned

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 119.57
Prop Avail for Lease?: Yes

Remarks & Misc

Public Remarks: Prime investment opportunity in the heart of Hillsdale! The Market House is a 46,000 sq. ft. commercial property ideally situated at the city's busiest intersection just steps from Hillsdale College. This well-maintained building offers excellent visibility, high traffic, and a diverse mix of long-term tenants including Biggby Coffee and Anytime Fitness, both recently remodeled. The grocery anchor features a state-of-the-art bakery with a new oven, a made-to-order sushi station, and Underdogs?a brand-new bar located in the center of the store offering beverages to enjoy while you shop. The food court adds even more draw with Sharon's House of Pancakes, Krispy Krunchy Chicken, and Blimpie Subs. Property highlights include a meticulously maintained 250-space parking lot (resealed yearly), updated electrical systems, and a newer rubber roof (installed in 2019). Two loading docks, and dual liquor licenses (SDD & SDM Package) and a Class C add
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Street Type

Paved: Yes
Public: Yes

SqFt Information

Fire Sprinkler System: Yes
Security System: Yes

Property Use

Business: Yes
Investment: Yes

Utilities Attached

Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Uses

Bar/Tavern/Lounge: Yes
Restaurant: Yes
Retail: Yes
Other: Yes

Construction Type

Block: Yes

Exterior Material

Block: Yes

Roofing

Rubber: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Ownership

Franchise: Yes
Trust: Yes

Below Grade

None: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Central Air: Yes

Docs at List Office

Aerial Photo: Yes

Business Includes

Licenses: Yes
Real Estate: Yes

Additional Features

Fire Sprinkler: Yes

Foundation

Block: Yes

Util Avail at St

None: Yes

Driveway

Asphalt: Yes

Docs Req Conf Agrmnt

Financials: Yes
Leases: Yes

Purchase Terms Avail

Cash: Yes
Conventional: Yes

Possession

Close Of Escrow: Yes

Property Features

Property Use: Business; Investment SqFt Information: Fire Sprinkler System; Security System Uses: Bar/Tavern/Lounge; Restaurant; Retail; Other Ownership: Franchise; Trust Business Includes: Licenses; Real Estate Construction Type: Block Exterior Material: Block Roofing: Rubber Foundation: Block Below Grade: None Additional Features: Fire Sprinkler Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at St: None Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Asphalt Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional Docs at List Office: Aerial Photo Docs Req Conf Agrmnt: Financials; Leases Sale Conditions: None Possession: Close Of Escrow

Listing Office: ERA REARDON REALTY, L.L.C.

Listing Agent: Brittany Ostrowski

Last Updated: October - 13 - 2025

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