Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3911 W Carleton Road Hillsdale, MI 49242

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $379,000

    4+/- acre commercial land near Aldi and Meijer.

    Type:Commercial/Industrial
    Property size:
    169,884 SF
    Lot size:
    3.90 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    21
    Last Refresh:
    Mar 25 at 11:27 pm

    Property Features for 3911 W Carleton Road

    General Information

    Standard status
    Active
    Size
    169,884 SF
    Lot size
    3.90 Acres
    Property subtype
    Commercial/Industrial

    We can help!

    Listing Contact
    Tracy Fitch

    Listing agent Tracy Fitch License #6502347360

    Listing office CENTURY 21 Affiliated

    Listing date Mar 12, 2026

    Source Exitrealty

    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 CENTURY 21 Affiliated

    Overview

    Prime Commercial Land Opportunity

    This commercial land opportunity features approximately 4 acres located on Golden Coast highway between Hillsdale and Jonesville. The site benefits from its proximity to a new ALDI's store next door and a new Meijer store across the road. The property is suitable for various commercial uses, including fast food, coffee shops, hotels, strip malls, tire sales, or family entertainment. The area is experiencing ongoing development. Natural gas and public water/sewer are available at the street. The property size is 169884 square feet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Nail Salon Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hillsdale
    County
    Hillsdale
    State
    Michigan
    Longitude
    -84.6608
    Latitude
    41.9535

    Nearby Similar for Sale

    • $1,300,000
      13,000 SF

      Family Entertainment Destination with Restaurant

      Profitable family entertainment destination with Cottage Inn restaurant and fun park.
      3883 W Carleton Road, Hillsdale, MI 49242
      View Details
    • $1,300,000
      13,000 SF

      Hillsdale Retail Space For Sale

      13,000 SF retail space on 13 acres in Hillsdale.
      3883 W Carleton Road, Hillsdale, MI 49242
      View Details
    • $5,500,000
      46,000 SF

      Hillsdale Market House Investment Opportunity

      46,000 sq ft commercial property near Hillsdale College.
      210 W Carleton Road, Hillsdale, MI 49242
      View Details
    • $475,000
      2,520 SF

      Hillsdale Commercial Property on M99

      Remodeled commercial building with high traffic location and unique display.
      2764 W Carleton Road, Hillsdale, MI 49242
      View Details
    • $900,000

      Hillsdale Mixed-Use Development Opportunity

      2.47-acre site near Hillsdale College with mixed-use potential.
      55 McClellan Street, Hillsdale, MI 49242
      View Details
    • $26,999

      Commercial Lot in Hillsdale, MI

      Vacant commercial lot in a desirable neighborhood.
      55 E Saint Joe Street, Hillsdale, MI 49242
      View Details
    • $299,900
      448 SF

      Hillsdale Commercial Building For Sale

      Commercial building with prime location and spacious parking in Hillsdale.
      70 W CARLETON Road, Hillsdale, MI 49242
      View Details
    • $42,500

      Hillsdale Land Parcels Available

      Four parcels of land available in Hillsdale, Michigan.
      1468 Hudson Road, Hillsdale, MI 49242
      View Details
    • $249,000
      1,804 SF

      Hillsdale Commercial Property on M99

      Commercial property with high traffic and conversion possibilities in Hillsdale.
      95 W Carleton Road, Hillsdale, MI 49242
      View Details
    • $5,500,000
      46,000 SF

      Hillsdale Commercial Property on Carleton

      Commercial property on 7.04 acres in Hillsdale, Michigan.
      210 W Carleton Road, Hillsdale, MI 49242
      View Details
    • $69,000

      Hillsdale Land with Spacious Pole Barn

      Nearly one-acre lot near Hillsdale College with versatile pole barn.
      32 Mcclellan Street, Hillsdale, MI 49242
      View Details
    • $699,000
      13,700 SF

      Iconic Commercial Property in Hillsdale

      High-visibility commercial property near Hillsdale College with endless possibilities.
      99 W Carleton Road, Hillsdale, MI 49242
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4+/- acre commercial land near Aldi and Meijer.
    Where is this commercial land located?
    The property is located at 3911 W Carleton Road Hillsdale, MI.
    What is the asking price?
    The asking price for this property is $379,000.
    What are key features of this property?
    This property features: Prime location on Golden Coast Highway between Hillsdale and Jonesville.; High traffic area due to adjacent ALDI's and Meijer store across the road.; Suitable for various commercial businesses (fast food, coffee shop, hotel, etc.).
    (517) 439-1000
    We can help!
    Listing Contact
    Tracy Fitch
    Real Estate License ID: 6502347360
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!