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    Hillsdale, MI
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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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    Bars & Pubs Entertainment Facility
    Updated: Jul 13
    Bars & Pubs Entertainment Facility

    210 W Carleton Road, Hillsdale, MI 49242

    $10,000,000
    46,000 sqft 7.04 AC lot
    46,000‑square‑foot building on 7.04 acres in Hillsdale, MI
    Over 13,000 vehicles passing daily for visibility
    Approximately 250 parking spaces
    Two loading docks for receiving and service
    Roof replaced in 2019
    View details
    Cottage Inn Pizza Restaurant
    Cottage Inn Pizza Restaurant

    3883 W Carleton Road, Hillsdale, MI 49242

    $475,000
    4,000 sqft

    Operating franchise offers dine-in, carryout, delivery, buffet service, private party rentals, and an indoor play area.

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    See what stands out in Hillsdale County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

    Cap Rate available after sign in
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    Local Demand available after sign in
    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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    Restaurant and Seasonal Fun Park
    Restaurant and Seasonal Fun Park

    3883 W Carleton Road, Hillsdale, MI 49242

    $1,300,000
    13,000 sqft 13.00 AC lot

    Dine-in Cottage Inn restaurant and integrated seasonal attractions, including go-karts, mini golf, arcade, 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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, 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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    Turnkey Restaurant Franchise Suite
    Turnkey Restaurant Franchise Suite

    3600 Carleton, Hillsdale, MI 49242

    $275,000
    671 sqft

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

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    New NNN Drive-Through Property
    New NNN Drive-Through Property

    3335 W Carleton Rd, Hillsdale, MI 49242

    Contact for pricing
    1,671 sqft 1.05 AC lot

    Build-to-suit restaurant includes indoor dining and a multi-vehicle drive-through queue.

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    Turn-Key Restaurant and Business
    Turn-Key Restaurant and Business

    44 E Bacon Street, Hillsdale, MI 49242

    Contact for pricing

    Turn-key restaurant offering a fully equipped operation with business, real estate, equipment, and fixtures included.

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    Based on your search, we've compiled 18 Potential Opportunities for your consideration. Besides 10 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.

    Updated Restaurant with Front Patio
    Updated Restaurant with Front Patio

    222 S Main St, Reading, MI 49274

    $279,000
    1,150 sqft

    Established pizza and ice cream operation with recent equipment and exterior improvements.

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    Bar & Restaurant with Apartments
    Bar & Restaurant with Apartments

    15 E Chicago St, Quincy, MI 49082

    $229,900
    3,564 sqft

    A newly equipped kitchen with modern appliances serves a property that includes two renovated upper-level apartments.

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    Pizza Restaurant With Living Space
    Pizza Restaurant With Living Space

    23 E Chicago Street, Quincy, MI 49082

    $169,900
    3,000 sqft 0.03 AC lot

    Two-level restaurant property with equipment, inventory, and an attached upper living area.

    View details
    Historic Coffee Shop Building
    Historic Coffee Shop Building

    108 S Main Street, Reading, MI 49274

    $235,000
    3,324 sqft 0.06 AC lot

    Freestanding commercial building with basement storage and two bathrooms in Reading, Michigan.

    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 Retail Anchors
    Commercial Land Near Retail Anchors

    3911 W Carleton Road, Hillsdale, MI 49242

    $379,000
    3.90 AC lot

    Development site with natural gas, public water, and sewer available at the street.

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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.

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    Commercial Land with Interstate Frontage
    Commercial Land with Interstate Frontage

    5472 S Meridian Road, Jackson, MI 49201

    $1,250,000
    8.47 AC lot

    Commercial land offering multiple access points, broadband availability, and utility infrastructure for industrial or commercial development.

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    Commercial Land with Interstate Frontage
    Commercial Land with Interstate Frontage

    5472 S Meridian Road, Jackson, MI 49201

    $1,250,000
    8.47 AC lot

    Large development tract with multiple access points, fiber availability, and ongoing site preparation.

    View details

    Hillsdale, MI Restaurants Market Trends and Statistics

    Explore 10 restaurants for sale in Hillsdale, MI, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 163,159 square feet of properties for sale, with an estimated market value of $26,974,000.

    Sale prices for restaurant properties in Hillsdale, MI start at $149,000, averaging $3,371,750, 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 8
    Bars & Pubs 3
    Drive through restaurants 2
    Commercial kitchens 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 $3.4M

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Hillsdale County

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