Shopping Center with
W 210 W Carleton Road Unit SourceFi Hillsdale, MI 49242
W 210 W Carleton Road Unit SourceFi, Hillsdale, MI, 49242
$10,000,000
For Sale
$10,000,000
Well-maintained shopping center with 250 parking spaces, two loading docks, and a roof replaced in 2019.
Property Size46,000 SF
Lot Size7.04 Acres
Price / SF$217.39
Days on Market11
Property Features for W 210 W Carleton Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 46,000 SF
- Lot size
- 7.04 Acres
- Property subtype
- Business Opportunities
Building Details
- Year Built
- 1973
Listing Agency
ERA Reardon Realty, L.L.C.
(517) 414-4461
Listed by
Brittany Ostrowski · License #6501397335
(517) 414-4461
Source
Xome
Added: Jul 8 Checked: Jul 18 at 2:52 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ERA Reardon Realty, L.L.C.
Investment Insights
Based on property information with market context.
This shopping center totals 46,000 square feet on 7.04 acres, offering a mix of currently leased space and a large contiguous area for a new concept. Approximately 6,000 square feet is leased to established franchise tenants, while nearly 40,000 square feet of contiguous space is available. A brand-new bar is located at the center of the available space.
The property is positioned on Hillsdale’s premier retail and commercial corridor within the City of Hudson, with easy access and visibility supported by more than 13,000 vehicles passing daily. On-site amenities include 250 parking spaces and two loading docks, supporting both tenant operations and customer traffic.
The building is described as well-maintained, including a roof replacement in 2019, and the offering includes MLS #26035609 and MLS #25052623 attached in the documents.
The property is positioned on Hillsdale’s premier retail and commercial corridor within the City of Hudson, with easy access and visibility supported by more than 13,000 vehicles passing daily. On-site amenities include 250 parking spaces and two loading docks, supporting both tenant operations and customer traffic.
The building is described as well-maintained, including a roof replacement in 2019, and the offering includes MLS #26035609 and MLS #25052623 attached in the documents.
Key Highlights
- 7.04‑acre shopping center with 46,000 sq ft total building area
- Over 13,000 vehicles pass daily; easy access and 250 parking spaces
- Two loading docks plus rubber roof replaced in 2019
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $712.1k | $15.48 |
| − Vacancy | −$29.9k | −$0.65 |
| EGI | $682.2k | $14.83 |
| − OpEx | −$170.5k | −$3.71 |
| NOI | $511.6k | $11.12 |
46,000 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$7.31M
$6.40M – $8.53M
NOI $511,629 @ 7.0% cap · market cap 5.12%
Second Best
Retail
$3.81M
$3.33M – $4.44M
NOI $266,616 @ 7.0% cap · market cap 2.67%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Anytime Fitness
Gym & Fitness Center
Jakes Fireworks
Discount Store
BIGGBY COFFEE
Restaurant
Krispy Krunchy Chicken
Restaurant
Underdogs
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Coinstar Kiosk - Bitcoin ATM — 290 W Carleton Rd Kroger, Hillsdale, MI 49242
FAQs
What type of property is this?
Shopping center - Well-maintained shopping center with 250 parking spaces, two loading docks, and a roof replaced in 2019.
Where is this shopping center located?
The property is located at W 210 W Carleton Road Unit SourceFi Hillsdale, MI.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: 7.04‑acre shopping center with 46,000 sq ft total building area; Over 13,000 vehicles pass daily; easy access and 250 parking spaces; Two loading docks plus rubber roof replaced in 2019
