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Property profile & analytics
FOR SALE
Shopping centers

210 W Carleton Rd Hillsdale, MI 49242

Built 1973
Property ID
US43-3041705
Property summary
AI-generated overview

Prime investment opportunity in the heart of Hillsdale! The Market House is a 46,000 sq. ft. commercial property ideally situated at the city's busiest intersection just steps from Hillsdale College. This well-maintained building offers excellent visibility, high traffic, and a diverse mix of long-term tenants including Biggby Coffee and Anytime Fitness, both recently remodeled.The grocery anchor features a state-of-the-art bakery with a new oven, a made-to-order sushi station, and Underdogs?a brand-new bar located in the center of the store offering beverages to enjoy while you shop. The food court adds even more draw with Sharon's House of Pancakes, Krispy Krunchy Chicken, and Blimpie Subs.Property highlights include a meticulously maintained 250-space parking lot (resealed yearly), updated electrical systems, and a newer rubber roof (installed in 2019). Two loading docks, and dual liquor licenses (SDD & SDM Package) and a Class C add operational versatility and income potential. Together, these licenses make the Hillsdale Market House a powerhouse for food and beverage revenueKey Investment Highlights:Stable, Long-Term Leases: Reliable tenants with proven performance and lease stability.High-Traffic, Prime Location: Exceptional visibility and ample parking.Well-Maintained Property: Recent infrastructure updates for turnkey ownership.Turnkey Investment: Seamless management continuity available upon acquisition.A rare opportunity to acquire one of Hillsdale's most recognizable commercial assets, positioned for continued success and future upside.

Property profile
Verified
Property type Shopping centers
Year built 1973
UPID US43-3041705
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Anytime Fitness Gym & Fitness Center
  • Jakes Fireworks Discount Store Party Supply Store
  • BIGGBY COFFEE Restaurant
  • Krispy Krunchy Chicken Restaurant
  • Underdogs Restaurant
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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