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$5,500,000
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Property Description
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 revenue Key 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.
Full Property Details
Full Property Details for 210 W Carleton Rd
General
- Price: $5,500,000
- Taxes: $48,479
- Status: Active
- Type: Business
- Source: SWMRIC_MLS
- MLS ID: 25052593
- Updated: 10/21/2025
- Added to Site: 175 day(s) ago
Business
- Business Type: Other, Restaurant, Bar/Tavern/Lounge, Retail
Rooms
Bathrooms
- Total Bathrooms: 8
- Full Bathrooms: 8
Parking
- Total Spaces: 250
Location
- Area: Hillsdale County - X
- County: Hillsdale
- Cross Streets: Fayette St.
- Driving Directions: Fayette St
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Utilities
- Utility Description: Natural Gas Connected, Electricity Connected
Structural Information
- # Buildings: 1
- Construction: Block
- Foundation: Block
- Roof: Rubber
- Stories/Levels: 9999
- Square Feet: 46,000
- Year Built: 1973
Lot Features
- Lot Size (Acres): 7.04
- Lot Size (Sq. Ft.): 306,662
- Lot Dimensions: 461 x 376 x 205 x 328 x 376 x 798
- Frontage: Paved
- Zoning: Commercial
Financial Considerations
- Tax Amount: $48,479
- Terms: Conventional, Cash
Disclosures and Reports
- Ownership: Trust, Franchise
- Legal Description: COM NE COR SW1/4 SEC 22 TH S00°08'15''E ALG N-S1/4 LN 1257.7 FT TH S89°57'45''W 50 FT TO WLY R/W LN CARLETON RD......
- Property ID: 006-222-326-22
Listed by Era Reardon Realty, L.L.C., Brittany Ostrowski
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Schools
Schools serving 210 W Carleton Rd
School District:Hillsdale Community Schools
| Name | Grades | Distance |
|---|---|---|
Gier Elementary School 175 Spring Street, Hillsdale, MI 49242 | PK-4 | 0.3 mi |
Davis Middle School 30 North West Street, Hillsdale, MI 49242 | 5-8 | 0.7 mi |
Hillsdale High School 30 South Norwood Street, Hillsdale, MI 49242 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 210 W Carleton Rd
Date
Details
Price
Change
Source
10/13/2025
Listed
$5,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 210 W Carleton Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
100%
100%
2023
100%
100%
2021
-100%
-100%
2018
$10,359
100%
$708,600
—
2016
—
$708,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 210 W Carleton Rd
210 W Carleton Road, Hillsdale, MI 49242 (MLS# 25052593) is a Business property. 210 W Carleton Road is currently listed for $5,500,000 and was received on October 13, 2025. Want to learn more about 210 W Carleton Road? Do you have questions about finding other Business real estate for sale in Hillsdale? You can browse all Hillsdale real estate or contact a Coldwell Banker agent to request more information.

