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    Hillsdale, MI Restaurants 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
    View Property Analytics
    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 Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    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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    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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    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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    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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    Turnkey Restaurant Franchise Suite
    Turnkey Restaurant Franchise Suite

    3600 W Carleton Road, Hillsdale, MI 49242

    $275,000

    Dual-brand Cinnabon and Auntie Anne’s operation inside a new Meijer, offered as a business and trade fixtures sale.

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    Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 9 Active listings in Hillsdale, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turn-Key Restaurant with Patio
    Turn-Key Restaurant with Patio

    222 S Main Street, Reading, MI 49274

    $279,000
    1,150 sqft 0.28 AC lot

    Turn-key pizza and ice cream restaurant with recent equipment and exterior upgrades, plus a new front patio.

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    Turnkey Restaurant Building
    Turnkey Restaurant Building

    222 S Main Street, Reading, MI 49274

    $279,000
    1,150 sqft

    For sale restaurant building with recent interior and exterior upgrades, designed for a pizza and ice cream operation.

    View details
    Turn-Key Restaurant and Bar with Apartments
    Turn-Key Restaurant and Bar with Apartments

    15 E Chicago Street, Quincy, MI 49082

    $339,900
    3,564 sqft 0.05 AC lot

    Turn-key restaurant/bar with a fully equipped new kitchen plus two renovated upper 2-bedroom apartments.

    View details
    Turn-Key Restaurant and Bar Property
    Turn-Key Restaurant and Bar Property

    15 E Chicago Street, Quincy, MI 49082

    $339,900

    Turn-key restaurant/bar with fully equipped new kitchen and two renovated upper 2-bedroom apartments, plus street and rear parking.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    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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    Zoned C-2 Development Land
    Zoned C-2 Development Land

    3845 Weatherwax Drive, Jackson, MI 49203

    $175,000
    2.52 AC lot

    Development land with approximately 263 feet of road frontage and C-2 zoning, offering multiple ingress and egress options.

    View details
    Prime Commercial Land on I-127
    Prime Commercial Land on I-127

    5472 S Meridian Road, Jackson, MI 49201

    $1,250,000
    8.47 AC lot

    8.47 acres with high visibility and multiple access points.

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    Prime Commercial Land I-127 Frontage
    Prime Commercial Land I-127 Frontage

    5472 S Meridian Road, Jackson, MI 49201

    $1,250,000
    8.47 AC lot

    8.47 acres with I-127 frontage, ideal for various businesses.

    View details

    Hillsdale, MI Restaurants Market Trends and Statistics

    Explore 9 restaurants for sale in Hillsdale, MI, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 174,963 square feet of properties for sale, with an estimated market value of $23,213,000.

    Sale prices for restaurant properties in Hillsdale, MI start at $149,000, averaging $2,901,625, 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 9
    Bars & Pubs 3
    Commercial kitchens 2
    Coffee shops 1
    Drive through restaurants 1

    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 $1.1M

    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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