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Property Description
A landmark commercial opportunity unlike anything else currently available in Southern Michigan. Positioned on 7.04 acres in Hillsdale's premier retail and commercial corridor, this exceptional 46,000-square-foot property offers the ideal combination of existing income, premium infrastructure, and extraordinary redevelopment potential. With over 13,000 vehicles passing daily, outstanding visibility, easy access, 250 parking spaces, two loading docks, and a roof replaced in 2019, this well-maintained commercial asset is perfectly positioned to serve both the local community and the surrounding region. Approximately 6,000 square feet is currently leased to established franchise tenants, providing immediate rental income, while nearly 40,000 square feet of contiguous space is available for its next visionary concept. At the center of the available space is a brand-new bar, creating an incredible focal point for entertainment, hospitality, or mixed-use development. Whether your vision includes a barcade, golf simulator venue, brewery, food hall, live music venue, sports lounge, indoor recreation center, pickleball or athletic facility, event center, family entertainment venue, specialty retail marketplace, indoor artisan market, or a one-of-a-kind destination experience, this property offers the flexibility to bring it to life. Purpose-built for food, beverage, hospitality, and entertainment concepts, the property features a dedicated bakery, commercial catering kitchen, and full-service restaurant kitchen, providing an exceptional foundation for future operations. Existing equipment is negotiable and is not included in the purchase price. Sale includes the existing Class C, SDD, and SDM Package liquor licenses, offering exceptional flexibility for restaurant, retail, and entertainment, and hospitality concepts. Whether you're expanding an established brand, launching an innovative entertainment concept, creating a culinary destination, or developing Hillsdale's next iconic gathering place, this property delivers the size, visibility, infrastructure, licensing, parking, and location to make that vision a reality. Opportunities of this scale, quality, and versatility are exceptionally rare.
Full Property Details
Full Property Details for 210 W Carleton Rd
General
- Price: $4,500,000
- Taxes: $48,102
- Status: Active
- Type: Business
- Source: SWMRIC_MLS
- MLS ID: 26035609
- Updated: 7/13/2026
- Added to Site: 1 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
- County: Hillsdale
- Cross Streets: Fayette St
- Driving Directions: US 12 to S on M-99 (Carlton Rd)
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: $48,102
- 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 Carlton Rd ---
- Property ID: Tax 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
7/13/2026
Listed
$4,500,000
—
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
2025
$34,256
-31%
$800,000
-13%
2023
$49,797
5%
$923,800
10%
2021
$47,448
4%
$843,400
-3%
2021
$45,765
3%
$872,900
-5%
2020
$44,612
3%
$915,000
22%
2019
$43,495
244%
$749,900
2%
2018
$12,628
-68%
$733,700
143%
2018
$39,413
-21%
$302,000
—
2016
$49,745
—
$303,500
—
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# 26035609) is a Business property. 210 W Carleton Road is currently listed for $4,500,000 and was received on July 13, 2026. 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.

