$5,500,000

210 W Carleton Road, Hillsdale, MI 49242

  • 8 baths |
  • 46,000 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1973
  • Property Lot Size Icon7.04acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $120/sqft
  • Property List Date Icon Listed 24 days ago

Property 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 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.

Listing Status:
Active
Date Added:
October 13, 2025 at 05:00AM
Listing Office:
ERA REARDON REALTY, L.L.C. : 517-782-2996
Listing Agent:
Brittany Miles-Ostrowski : 517-414-4461
MLS ID:
25052593
  • A/C: Central Air
  • Heating: Forced Air
  • Roofing: Rubber
  • General: Block
  • Road/Access: Paved
  • Originating MLS: Michigan Regional Information Center (MichRIC)
  • School District: Hillsdale
  • County: Hillsdale
  • Zoning: 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......006-222-326-22
  • Utilities: Electricity ConnectedNatural Gas Connected
  • Water: Public
  • Sewer: Public Sewer
  • Source: Michigan Regional Information Center (MichRIC)
  • Ownership: Private Owned

This listing courtesy of Brittany Miles-Ostrowski, ERA REARDON REALTY, L.L.C.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Gier Elementary School

175 Spring St, Hillsdale, MI, 49242

Grades PK-4

0.28 miles away

D

Davis Middle School

30 N West St, Hillsdale, MI, 49242

Grades 5-8

0.69 miles away

H

Hillsdale High School

30 S Norwood Ave, Hillsdale, MI, 49242

Grades 9-12

0.82 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.