Ethan’s Donut and Ice Cream
For Sale
$99,000
45 N Broad Street, Hillsdale, MI 49242
Commercial Sale, Hillsdale, MI
Property Size5,146 SF
Lot Size0.19 Acres
Price / SF$19.24
Days on Market140
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: Oct 2
Last Checked: Oct 13 at 7:06AM
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.
Ethan’s Donut Factory & Ice Cream is an operating bakery and ice cream business offered as a business-only sale in historic downtown Hillsdale. The operation includes a commercial oven, mixers, donut machine, pots and pans, refrigerators, coolers, and display cases. The business began in May 2024 and produces custom donuts, specialty baked goods, and ice cream.
The sale excludes the building, which was constructed in 1890 and has undergone a custom renovation with high-end design and finishes. A long-term lease of the existing premises is welcomed, with flexible terms and conditions. The current owners will continue operations during the ownership transition and can provide training and assistance to the incoming owner.
The sale excludes the building, which was constructed in 1890 and has undergone a custom renovation with high-end design and finishes. A long-term lease of the existing premises is welcomed, with flexible terms and conditions. The current owners will continue operations during the ownership transition and can provide training and assistance to the incoming owner.
Key Highlights
- Business‑only sale of Ethan’s Donut Factory & Ice Cream
- Commercial oven, mixers, donut machine, refrigerators, coolers, and display cases included
- Operating bakery and ice cream business launched in May 2024
Property Analytics
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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
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established bakery operation with commercial production equipment, display fixtures, and a lease option for the existing space.
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 $99,000.
What are key features of this property?
This property features: Business‑only sale of Ethan’s Donut Factory & Ice Cream; Commercial oven, mixers, donut machine, refrigerators, coolers, and display cases included; Operating bakery and ice cream business launched in May 2024
