Turn-Key Donut and Ice Cream
For Sale
$149,000
45 N Broad Street, Hillsdale, MI 49242
COMMERCIAL - Hillsdale, MI
Property Size5,146 SF
Lot Size0.19 Acres
Price / SF$28.95
Days on Market93
Property Features for 45 N Broad Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
Interior features
Broadband
Elementary school district
Hillsdale
Middle school district
Hillsdale
High school district
Hillsdale
Directions
Business is located at 45 N Broad Street (M99) in historic downtown Hillsdale.
Standard status
Active
APN
006-126-160-12
Size
5,146 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 35 0.16A M/L BLK M OLD PLAT (VILLAGE OF HILLSDALE) SEC 26 T6S R3W FOURTH WARD (REDISTRICTED 2011 FROM FIRST WARD)
Tax Annual Amount
5500
Legal Description
LOT 35 0.16A M/L BLK M OLD PLAT (VILLAGE OF HILLSDALE) SEC 26 T6S R3W FOURTH WARD (REDISTRICTED 2011 FROM FIRST WARD)
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1890
Floors in Building
3
Number of units
3
Listing Agency:
Spieth & Satow Auctions & Real Estate
(517) 439-2528
Listed By:
Shawn Vondra
(517) 320-6051
Added: May 27
Changed: Aug 4
Last Checked: Aug 27 at 1:06AM
MLS# 26024999
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Turn-key donut and ice cream business for sale at 45 N Broad Street in Hillsdale, Michigan. The sale includes the operating assets needed to continue bakery production, including a commercial oven, mixers, donut machine, pots and pans, refrigerators, coolers, and display cases. Operations are set up to support custom donuts, specialty baked goods, and ice cream.
The business launched in May 2024 and is currently operating through the ownership transition. The property space was custom renovated with updated design and finishes to support the current concept.
Importantly, this sale is for the business only and does not include the building. A long-term lease of the building space is welcomed, with flexible terms and conditions, and the current owners can assist with training to support a smooth handoff.
The business launched in May 2024 and is currently operating through the ownership transition. The property space was custom renovated with updated design and finishes to support the current concept.
Importantly, this sale is for the business only and does not include the building. A long-term lease of the building space is welcomed, with flexible terms and conditions, and the current owners can assist with training to support a smooth handoff.
Key Highlights
- Business for sale: Ethan's Donut Factory & Ice Cream in historic downtown Hillsdale (business only; building not included).
- Includes bakery equipment: commercial oven, mixer(s), donut machine, refrigerators, coolers, display cases, and pots/pans.
- Operations launched in May 2024; business operations can continue through the ownership transition.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
596
Businesses Nearby
23k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 91%
Dining 9%
Citgo
Shops & Services
10,567 visits/mo
0.3 miles
Dollar General
Shops & Services
7,026 visits/mo
0.1 miles
Fifth Third Bank & ATM
Shops & Services
3,629 visits/mo
0.2 miles
Hungry Howie's Pizza
Dining
2,087 visits/mo
0.4 miles
Demographics for 49242, MI
14,812
Population
6,687
Households
2.2
Avg Household Size
38
Median Age
25%
College-Educated
93%
High-School Grad
90.6 sq mi
ZIP Area
163
Density / Sq Mi
$57,813
Median Household Income
$28,886
Median Earnings
$770
Median Rent
$182,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established donut and ice cream business includes the commercial baking and display equipment; building is leased separately.
Where is this conventional restaurant located?
The property is located at 45 N Broad Street Hillsdale, MI.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Business for sale: Ethan's Donut Factory & Ice Cream in historic downtown Hillsdale (business only; building not included).; Includes bakery equipment: commercial oven, mixer(s), donut machine, refrigerators, coolers, display cases, and pots/pans.; Operations launched in May 2024; business operations can continue through the ownership transition.
