210 W Carleton Road Hillsdale, MI 49242
COMMERCIAL - Hillsdale, MI
Property Features for 210 W Carleton Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 8
- Rooms
- Bathroom 5, Bathroom 4, Bathroom 3, Bathroom 2, Bathroom 8, Bathroom 6, Bathroom 1, Bathroom 7
- Parking
- 250
- Standard status
- Active
- APN
- Tax ID #: 006-222-326-22
- Size
- 46,000 SF
- Lot size
- 7.04 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- Com NE Cor SW1/4 Sec 22 TH S00 degrees 08'15''E Alg N-S1/4 LN 1257.7 Ft TH S89 degrees 57'45''W 50 Ft To Wly R/W Ln Carlton Rd ---
- Tax Annual Amount
- 48102
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1973
- Number of units
- 6
- Building materials
- Block
- Roof type
- Rubber
Listing agent Brittany Ostrowski License #6501397335 (517) 414-4461
Listing office ERA Reardon Realty, L.L.C. 910 N West Ave, Jackson, MI (517) 782-2996
Listing date Jul 13, 2026
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.
The property includes two loading docks and a roof replaced in 2019. The site provides 250 parking spaces and is described as having strong visibility and easy access, with over 13,000 vehicles passing daily.
The sale includes existing Class C, SDD, and SDM package liquor licenses, providing flexibility for qualifying hospitality, restaurant, and entertainment uses.
Key Highlights
- 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
Local Financial Insights For Industrial
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 | $414.0k | $9.00 |
| − Vacancy | −$41.8k | −$0.91 |
| EGI | $372.2k | $8.09 |
| − OpEx | −$111.7k | −$2.43 |
| NOI | $260.5k | $5.66 |
Alternative Uses
Property Analytics
Current Use by Public Records
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