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    Hillsdale, MI

    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

    • Mortgage

      $6.36M
      Recorded
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    Family Entertainment Destination with Restaurant
    Updated: Mar 16
    Family Entertainment Destination with Restaurant

    3883 W Carleton Road, Hillsdale, MI 49242

    $1,300,000
    13,000 sqft 13.00 AC lot
    Established, historically profitable family entertainment destination with multiple revenue streams.
    Cottage Inn Pizza franchise with dine‑in, carryout, and delivery, including a unique dine‑in experience and party rental options.
    Diverse attractions including go‑karts, upgraded bumper boats, mini golf, driving range, arcade, laser tag, and axe throwing.
    Fully integrated arcade building with two‑story arcade, party room, and revenue‑sharing agreement with Zapm Games.
    Recent upgrades and additions, including new bumper boats (2024), updated mini golf course, indoor 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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    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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    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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    Family Entertainment Destination For Sale
    Family Entertainment Destination For Sale

    3883 W Carleton Road, Hillsdale, MI 49242

    $1,300,000
    13,000 sqft

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

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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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    Iconic Commercial Property in Hillsdale
    Iconic Commercial Property in Hillsdale

    99 W Carleton Road, Hillsdale, MI 49242

    $699,000
    13,700 sqft 1.19 AC lot

    High-visibility commercial property near Hillsdale College with endless 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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    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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    Turn-Key Donut and Ice Cream Business
    Turn-Key Donut and Ice Cream Business

    45 N Broad Street, Hillsdale, MI 49242

    $189,000
    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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    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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    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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    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 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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    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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    Retail Development Land Parcel
    Retail Development Land Parcel

    3891 West Carleton Road, Hillsdale, MI 49242

    Contact for pricing
    7 sqft 7.76 AC lot

    Land offering with availability adjacent to an ALDI under construction and excellent visibility along a main retail artery.

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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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    Corner Commercial Land Parcel
    Corner Commercial Land Parcel

    2806 W Carleton Road, Hillsdale, MI 49242

    $250,000
    2.50 AC lot

    Corner parcel zoned B-3 General Business District along the M-99 corridor for flexible commercial or industrial use.

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    Industrial Building on Acreage
    Industrial Building on Acreage

    282 Industrial Drive, Hillsdale, MI 49242

    Contact for pricing
    75,380 sqft 5.53 AC lot

    Leased industrial building totaling approximately 75,380 SF on 5.527 acres, located just off W. 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 33 active listings on our real estate platform. These investment opportunities span a total of 367,134 square feet of properties for sale, with an estimated market value of $25,708,900.

    Sale prices for business properties in Hillsdale, MI start at $149,000, averaging $1,977,607, 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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