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    Hillsdale, MI
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    Hillsdale, MI Retail Properties & Spaces for Sale

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    Mixed-Use Market House Center
    Updated: Jul 1
    Mixed-Use Market House Center

    210 W Carleton Road, Hillsdale, MI 49242

    $5,500,000
    46,000 sqft
    46,000 SF commercial property (built 1973) at Hillsdale’s busiest intersection, steps from Hillsdale College
    Grocery anchor includes a state‑of‑the‑art bakery with new oven, made‑to‑order sushi station, and new in‑center bar
    Food court includes Sharon’s House of Pancakes, Krispy Krunchy Chicken, and Blimpie Subs; tenants also include Biggby Coffee and Anytime Fitness
    250‑space parking lot resealed yearly, plus 2 loading docks for tenant access
    Updated electrical systems and rubber roof installed in 2019
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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

      4.9%
      NOI ÷ price

    • Est. NOI

      $267K
      Annual

    • Price @ 7% Cap

      $3.81M
      Suggested
    View Property Analytics
    Hillsdale Commercial Property on M99
    Updated: Dec 15, 2025
    Hillsdale Commercial Property on M99

    95 W Carleton Road, Hillsdale, MI 49242

    $249,000
    1,804 sqft 0.44 AC lot
    High‑traffic location on Carleton Road (M99) in Hillsdale.
    Solid 1,800+ sq/ft building suitable for immediate use or conversion.
    Over 140 feet of road frontage.
    Existing pavement provides ample space.
    Utilities already in place (including broadband and cable).
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    Hillsdale Commercial Lot For Sale
    Hillsdale Commercial Lot For Sale

    96 W Carleton Road, Hillsdale, MI 49242

    $799,000
    648 sqft 1.48 AC lot

    1.48 acre commercial lot with sales office in Hillsdale, MI.

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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
    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 4 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.

    High Visibility Commercial Space
    High Visibility Commercial Space

    317 W Chicago Street, Jonesville, MI 49250

    $549,500
    6,021 sqft 0.47 AC lot

    Premier 6,021 SF facility on a busy traffic corridor.

    View details
    High Visibility Commercial Space
    High Visibility Commercial Space

    317 W Chicago Street, Jonesville, MI 49250

    $549,500
    6,000 sqft

    Premier 6,000 SF facility on a busy traffic corridor.

    View details
    Reconstructed Retail Building
    Reconstructed Retail Building

    108 S Main Street, Reading, MI 49274

    $235,000
    3,324 sqft 0.06 AC lot

    Retail building available for sale, with major reconstruction completed and total size of 3,324 square feet.

    View details
    Mixed-Use Retail Building
    Mixed-Use Retail Building

    110 Michigan Street, Reading, MI 49274

    Contact for pricing

    Main floor is ready for use, with unused upstairs space and on-street plus 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.

    Hillsdale Mixed-Use Development Opportunity
    Hillsdale Mixed-Use Development Opportunity

    55 McClellan Street, Hillsdale, MI 49242

    $900,000
    2.47 AC lot

    2.47-acre site near Hillsdale College with mixed-use potential.

    View details
    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.

    View details
    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    VL W Carleton Road, Jonesville, MI 49250

    $1,850,000
    27.00 AC lot

    27-acre commercial land with high visibility and development potential.

    View details
    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    VL W Carleton Road, Jonesville, MI 49250

    $1,850,000
    27.00 AC lot

    27-acre commercial land with high visibility and development potential.

    View details

    Hillsdale, MI Retail Properties & Spaces Market Trends and Statistics

    Explore 4 retail properties & spaces for sale in Hillsdale, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 94,452 square feet of properties for sale, with an estimated market value of $16,548,000.

    Sale prices for stores in Hillsdale, MI start at $249,000, averaging $4,137,000, 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

    Shopping centers 3
    Storefront properties 2
    Grocery and convenience stores 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 $1.3M

    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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