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    Hillsdale, MI Commercial Real Estate for Sale

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    Restaurant and Entertainment Redevelopment
    Updated: Jul 13
    Restaurant and Entertainment Redevelopment

    210 W Carleton Road, Hillsdale, MI 49242

    $4,500,000
    46,000 sqft 7.04 AC lot
    46,000 SF commercial property on 7.04 acres in Hillsdale’s premier retail/commercial corridor
    Approximately 6,000 SF currently leased to established franchise tenants for immediate rental income
    Nearly 40,000 SF contiguous space available, plus a brand‑new bar at the center of the available area
    250 parking spaces and 2 loading docks
    Roof replaced in 2019; block construction with forced air heat and central air conditioning
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    This listing looks promising.

    Here's a quick look at some key insights for

    210 W Carleton Road, Hillsdale, MI 49242

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    • Est. Cap Rate

      5.8%
      NOI ÷ price

    • Est. NOI

      $261K
      Annual

    • Price @ 7% Cap

      $3.72M
      Suggested
    View Property Analytics
    Restaurant and Seasonal Fun Park
    Updated: Mar 16
    Restaurant and Seasonal Fun Park

    3883 W Carleton Road, Hillsdale, MI 49242

    $1,300,000
    13,000 sqft 13.00 AC lot
    Cottage Inn Pizza dine‑in and carryout restaurant on‑site plus a seasonal fun park with multiple attractions
    On‑site guest capacity rated at 99, with seating for over 110 using additional approved space
    Fully integrated two‑story arcade building with 2 restrooms, 2 stockrooms, employee lounge, kitchen/prep area (not in use), redemption counter, and private party room (up to 32)
    Bumper boats upgraded in 2024 with 20+ new‑to‑us gas‑powered boats; 18‑hole mini golf with regularly refreshed greens, brick work, and landscaping
    On‑site go‑kart track with two kart racing styles and a nearly labor‑free driving range with ball pickup and direct range ball access from the Cottage Inn building
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    Dual-Brand Restaurant Franchise Opportunity
    Dual-Brand Restaurant Franchise Opportunity

    3600 W Carleton Road, Hillsdale, MI 49242

    $275,000
    671 sqft 0.02 AC lot

    Turnkey Cinnabon and Auntie Anne’s operation inside a new Meijer, offered with business and trade fixtures only.

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    Restaurant and Entertainment Facility
    Restaurant and Entertainment Facility

    210 W Carleton Road, Hillsdale, MI 49242

    $4,500,000
    46,000 sqft 7.04 AC lot

    Large commercial property with multiple kitchens, two loading docks, and a newly built bar at the center of available space.

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    Turn-Key Donut and Ice Cream Shop
    Turn-Key Donut and Ice Cream Shop

    45 N Broad Street, Hillsdale, MI 49242

    $149,000
    5,146 sqft 0.19 AC lot

    Established donut and ice cream business includes the commercial baking and display equipment; building is leased separately.

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    Commercial Warehouse with Two Tax IDs
    Commercial Warehouse with Two Tax IDs

    305 Arch Avenue, Hillsdale, MI 49242

    $369,900
    6,135 sqft 0.59 AC lot

    For-sale warehouse property includes two tax IDs and sits on 0.59 acres at 305 Arch Avenue.

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    Hillsdale Commercial Property on M99
    Hillsdale Commercial Property on M99

    95 W Carleton Road, Hillsdale, MI 49242

    $249,000
    1,804 sqft 0.44 AC lot

    Commercial property with high traffic and conversion possibilities in Hillsdale.

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    Shopping Center with Bar
    Shopping Center with Bar

    W 210 W Carleton Road Unit SourceFi, Hillsdale, MI 49242

    $10,000,000
    46,000 sqft 7.04 AC lot

    Well-maintained shopping center with 250 parking spaces, two loading docks, and a roof replaced in 2019.

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    Automotive Property with Parking
    Automotive Property with Parking

    99 W Carleton Road, Hillsdale, MI 49242

    $699,000
    13,700 sqft 1.19 AC lot

    Automotive property for sale on a main road in Hillsdale, MI, with plenty of parking and proximity to Hillsdale College.

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    Commercial Land Parcel with Road Frontage
    Commercial Land Parcel with Road Frontage

    409 W Carleton Road, Hillsdale, MI 49242

    $1,100,000
    8.38 AC lot

    Level, well-drained acreage on M-99 with utilities at the road and flexible access for retail, service, or flex uses.

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    Family Restaurant with Indoor Play Area
    Family Restaurant with Indoor Play Area

    3883 W Carleton Road, Hillsdale, MI 49242

    $475,000
    4,000 sqft

    Cottage Inn Pizza restaurant with dine-in, carryout, and delivery, plus an indoor play place for children under 11.

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    Corner Commercial Land in B-3
    Corner Commercial Land in B-3

    2806 W Carleton Road, Hillsdale, MI 49242

    $200,000
    2.58 AC lot

    2.58-acre corner parcel in Hillsdale’s B-3 district along the M-99 corridor with strong visibility and frontage access.

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    Hillsdale Land with Development Potential
    Hillsdale Land with Development Potential

    Bankers Rd, Hillsdale, MI 49242

    $589,000
    69.54 AC lot

    69+/- acres near Hillsdale with multiple development possibilities.

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    Mixed-Use Market House Center
    Mixed-Use Market House Center

    210 W Carleton Road, Hillsdale, MI 49242

    $5,500,000
    46,000 sqft

    Well-maintained grocery-anchored shopping center with multiple food and fitness tenants, ample parking, and loading access.

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    Hillsdale Commercial Lot For Sale
    Hillsdale Commercial Lot For Sale

    96 W Carleton Road, Hillsdale, MI 49242

    $799,000
    648 sqft 1.48 AC lot

    1.48 acre commercial lot with sales office in Hillsdale, MI.

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    Hillsdale Mixed-Use Development Opportunity
    Hillsdale Mixed-Use Development Opportunity

    55 McClellan Street, Hillsdale, MI 49242

    $900,000
    2.47 AC lot

    2.47-acre site near Hillsdale College with mixed-use potential.

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    Flex and Warehouse Facility
    Flex and Warehouse Facility

    305 Arch Avenue, Hillsdale, MI 49242

    $369,900
    6,135 sqft

    Commercial facility for sale with two included tax IDs under one offering.

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    Hobby Farm Acreage with Road Frontage
    Hobby Farm Acreage with Road Frontage

    3544 Mechanic Road, Hillsdale, MI 49242

    $94,900
    8.59 AC lot

    Rolling, wooded-acreage parcel with paved road access near the city of Hillsdale, suited for small hobby farm use.

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    Commercial Land Parcel with Highway Frontage
    Commercial Land Parcel with Highway Frontage

    409 W Carleton Road, Hillsdale, MI 49242

    $1,100,000
    8.00 AC lot

    Nearly 600 feet of frontage on M-99 with level, well-drained acreage and public utilities available at the road.

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    Potential Buildable Land Parcel
    Potential Buildable Land Parcel

    1468 Hudson Road, Hillsdale, MI 49242

    Contact for pricing
    0.41 AC lot

    Single buildable lot offers room to build, with additional lots available to purchase separately or together.

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    Commercial Land Parcel with Frontage
    Commercial Land Parcel with Frontage

    W 409 W Carleton Road Unit SourceFi, Hillsdale, MI 49242

    $1,100,000
    8.00 AC lot

    Level, well-drained commercial parcel with nearly 600 feet of frontage on M-99 and utilities available at the road.

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    Commercial Land Near New Developments
    Commercial Land Near New Developments

    3911 W Carleton Road, Hillsdale, MI 49242

    $379,000
    3.90 AC lot

    4 acres of commercial land near Aldi and Meijer.

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    Family Entertainment Destination For Sale
    Family Entertainment Destination For Sale

    3883 W Carleton Road, Hillsdale, MI 49242

    Contact for pricing
    13,000 sqft

    Profitable family entertainment destination with restaurant, fun park, and more.

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    Flex Warehouse with Road Frontage
    Flex Warehouse with Road Frontage

    95 W Carleton Road, Hillsdale, MI 49242

    $249,000
    1,800 sqft

    Flex/warehouse building with utilities, 140+ feet of road frontage, and substantial existing pavement on Carleton Road.

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    Hillsdale, MI Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Hillsdale, MI, showcased through 43 active listings on our real estate platform. These investment opportunities span a total of 597,942 square feet of properties for sale, with an estimated market value of $37,599,600.

    Sale prices for business properties in Hillsdale, MI start at $94,900, averaging $1,296,537, and reaching up to $10,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 15K
    Population Growth (5Y) -1.2%
    Median Household Income $57,813
    College Educated 36.2%

    High-Yield Neighborhoods for Investment

    Identify Hillsdale submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49242 $639.1K

    Taxes & Financing

    Tax Rate (average for all types) 4.34%
    Property Tax per SF $69.53 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Hillsdale County

    New Delisted

    Total CRE Inventory on Market (SF)

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