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    Hillsdale, MI
    Conventional Restaurant

    Hillsdale, MI Conventional Restaurants for Sale

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    11 properties
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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
    Bars & Pubs Entertainment Facility
    Updated: Jul 13
    Bars & Pubs Entertainment Facility

    210 W Carleton Road, Hillsdale, MI 49242

    $10,000,000
    46,000 sqft 7.04 AC lot
    46,000‑square‑foot building on 7.04 acres in Hillsdale, MI
    Over 13,000 vehicles passing daily for visibility
    Approximately 250 parking spaces
    Two loading docks for receiving and service
    Roof replaced in 2019
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    Cottage Inn Pizza Restaurant
    Cottage Inn Pizza Restaurant

    3883 W Carleton Road, Hillsdale, MI 49242

    $475,000
    4,000 sqft

    Operating franchise offers dine-in, carryout, delivery, buffet service, private party rentals, and an indoor play area.

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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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Restaurant and Seasonal Fun Park
    Restaurant and Seasonal Fun Park

    3883 W Carleton Road, Hillsdale, MI 49242

    $1,300,000
    13,000 sqft 13.00 AC lot

    Dine-in Cottage Inn restaurant and integrated seasonal attractions, including go-karts, mini golf, arcade, laser tag, and axe throwing.

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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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    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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    Turn-Key Donut and Ice Cream Business
    Turn-Key Donut and Ice Cream Business

    45 N Broad Street, Hillsdale, MI 49242

    Contact for pricing
    5,146 sqft

    Turn-key bakery operation with included commercial equipment and an active menu ready for immediate continuity in historic downtown Hillsdale.

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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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    Turnkey Restaurant Franchise Suite
    Turnkey Restaurant Franchise Suite

    3600 W Carleton Road, Hillsdale, MI 49242

    Contact for pricing

    Dual-brand Cinnabon and Auntie Anne’s operation inside a new Meijer, offered as a business and trade fixtures sale.

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    Turn-Key Restaurant and Business
    Turn-Key Restaurant and Business

    44 E Bacon Street, Hillsdale, MI 49242

    Contact for pricing

    Turn-key restaurant offering a fully equipped operation with business, real estate, equipment, and fixtures included.

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    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 11 Active listings in Hillsdale, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turn-Key Restaurant with Patio
    Turn-Key Restaurant with Patio

    222 S Main Street, Reading, MI 49274

    $279,000
    1,150 sqft 0.28 AC lot

    Turn-key pizza and ice cream restaurant with recent equipment and exterior upgrades, plus a new front patio.

    View details
    Turnkey Restaurant Building
    Turnkey Restaurant Building

    222 S Main Street, Reading, MI 49274

    Contact for pricing
    1,150 sqft

    For sale restaurant building with recent interior and exterior upgrades, designed for a pizza and ice cream operation.

    View details
    Restaurant Building with Commercial Kitchen
    Restaurant Building with Commercial Kitchen

    107 E Jackson Road, Concord, MI 49237

    $170,000
    1,800 sqft 0.39 AC lot

    Updated restaurant building with seating for 60–70, outside seating, ample parking, and included commercial kitchen equipment.

    View details
    Restaurant Building with Patio
    Restaurant Building with Patio

    107 E Jackson, Concord, MI 49237

    $170,000

    Updated restaurant building with seating for 60–70, outdoor seating options, and included kitchen equipment.

    View details

    Hillsdale, MI Conventional Restaurants Market Trends and Statistics

    Explore 11 conventional restaurants for sale in Hillsdale, MI, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 136,963 square feet of properties for sale, with an estimated market value of $17,174,000.

    Sale prices for conventional restaurants in Hillsdale, MI start at $149,000, averaging $2,453,428, 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 11
    Bars & Pubs 4
    Commercial kitchens 3
    Drive through restaurants 1

    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 $1.3M

    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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