Hillsdale, MI 49242,210 W Carleton Road
Hillsdale, MI 49242,210 W Carleton Road
Hillsdale, MI 49242,210 W Carleton Road
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$5,500,000
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8 Baths
46,000 SqFt
New

210 W Carleton Road Hillsdale, MI 49242

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Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 46,000 sqft

Price per Sqft $119

Municipality Hillsdale City

MLS Listing ID 25052593

Full Baths 8

Year Built 1973

Annual Tax Amount $48,479

Tax Year 2025

Lot Size 7.040 Acres

Acres 7.04

Lot Dimensions 461 x 376 x 205 x 328 x 376 x 798

Property Sub-Type Business

Source Michigan Regional Information Center (MichRIC)

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. 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.

Location

State MI

County Hillsdale

Area Hillsdale County - X

Direction Fayette St

Interior

Heating Forced Air

Cooling Central Air

Inclusions Real Estate, Licenses

Exterior

Utilities Available Natural Gas Connected, Electricity Connected

View Y/N No

Roof Type Rubber

Street Surface Paved

Total Parking Spaces 250

Building

Building Description Block, Fire Sprinkler,Security System

Foundation Block

Structure Type Block

New Construction No

New Construction No

Schools

School District Hillsdale

Others

Tax ID 006-222-326-22

Ownership Trust, Franchise

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash


Listed by ERA REARDON REALTY, L.L.C.

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Chris Buckely

Chris Buckely

IL/IN/MI Managing Broker | License ID: IN- RB17001753 | IL- 477013311

+1(312) 313-5553

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210 W Carleton Road