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

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-Maintained Property: Recent infrastructure updates for turnkey ownership. Turnkey Investment: Seamless management continuity available upon acquisition. A rare opportunity to acquire one of Hillsdale's most recognizable commercial assets, positioned for continued success and future upside.

More Information MLS# 25052593

Location & Property Info

Cross Streets: Fayette St. Property Sub-Type: Business Opportunity 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

General Property Info

New Construction: No Lot Dimensions: 461 x 376 x 205 x 328 x 376 x 798 Road Frontage: 420 Mineral Rights: Yes Waterfront: No Year Remodeled: 2006 Total # Units: 6 # of Diff Unit Floor Plans: 6 Total # Bldgs: 1 # Fin Bldg Lvls: 44670 Total SqFt: 46000 Property Use Type: Business School District: Hillsdale Lot Measurement: Acres Lot Acres: 7.04 Lot Square Footage: 306662 Year Built: 1973 Full Baths: 8

Tax Info

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

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 Legal: COM NE COR SW1/4 SEC 22 TH S00°08'15''E ALG N-S1/4 LN 1257.7 FT TH S89°57'45''W 50 FT TO WLY R/W LN CARLETON RD......

Additional Details

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

Street Type

Paved: 1 Public: 1

SqFt Information

Fire Sprinkler System: 1 Security System: 1

Property Use

Business: 1 Investment: 1

Utilities Attached

Electricity Connected: 1 Natural Gas Connected: 1

Sewer

Public Sewer: 1

Water

Public Water: 1

Uses

Bar/Tavern/Lounge: 1 Restaurant: 1 Retail: 1 Other: 1

Construction Type

Block: 1

Exterior Material

Block: 1

Roofing

Rubber: 1

Heat Source

Natural Gas: 1

Sale Conditions

None: 1

Ownership

Franchise: 1 Trust: 1

Below Grade

None: 1

Heat Type

Forced Air: 1

Air Conditioning

Central Air: 1

Docs at List Office

Aerial Photo: 1

Business Includes

Licenses: 1 Real Estate: 1

Additional Features

Fire Sprinkler: 1

Foundation

Block: 1

Util Avail at St

None: 1

Driveway

Asphalt: 1

Docs Req Conf Agrmnt

Financials: 1 Leases: 1

Purchase Terms Avail

Cash: 1 Conventional: 1

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

Possession

Close Of Escrow: 1

Location Property Info

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

OfficeContract Info

Status: Active Current Price: $5,500,000 List Price: $5,500,000 Listing Date: 2025-10-13

Remarks Misc

Directions: Fayette St

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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