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$189,000 Just Listed

  • For Sale
  • Active
  • Business
  • 5,146 Sq. Ft.
  • Updated 13 hours ago
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The business of Ethan's Donut Factory & Ice Cream is for sale. This is a great opportunity to purchase a ''turn key'' business in the heart of historic downtown Hillsdale. The sale of the business includes everything the new owner will need to continue the existing bakery operations, including commercial oven, mixer(s), donut machine, pots/pans, refrigerators, coolers, display cases. The business launched in May 2024 and quickly became known for its custom donuts, specialty baked goods and delicious ice cream. Business operations will continue through the transition of ownership. The building went through a custom renovation with high-end design and finishes. The sale is for the business only and does not include the building. A long-term lease of the building space is welcomed with flexible terms/conditions. The current owners can assist and provide training to ensure a smooth transition. Contact Shawn Vondra @ 517-320-6051 or Darin Spieth @ 517-398-6060 for more information.

Full Property Details for 45 N Broad St

General

  • Price: $189,000
  • Taxes: $5,500
  • Status: Active
  • Type: Business
  • Source: SWMRIC_MLS
  • MLS ID: 26024999
  • Updated: 5/27/2026
  • Added to Site: 1 day(s) ago

Business

  • Business Type: Restaurant

Interior

  • Interior Features: Broadband

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Location

  • County: Hillsdale
  • Cross Streets: McCullum Street
  • Driving Directions: Business is located at 45 N Broad Street (M99) in historic downtown Hillsdale.

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air

Utilities

  • Cable Available: Yes
  • Utility Description: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Storm Sewer

Structural Information

  • # Buildings: 1
  • Stories/Levels: 3
  • Square Feet: 5,146
  • Year Built: 1890

Lot Features

  • Lot Size (Acres): 0.19
  • Lot Size (Sq. Ft.): 8,059
  • Lot Dimensions: 45 x 147
  • Frontage: Paved

Financial Considerations

  • Tax Amount: $5,500
  • Terms: Conventional, Cash
  • Tenant Pays: Electricity, Gas, Sewer, Trash, Water

Disclosures and Reports

  • Ownership: Corporation
  • Legal Description: LOT 35 0.16A M/L BLK M OLD PLAT (VILLAGE OF HILLSDALE) SEC 26 T6S R3W FOURTH WARD (REDISTRICTED 2011 FROM FIRST WARD)
  • Property ID: 006-126-160-12

Listed by Spieth & Satow Auctions & Real Estate, Shawn Vondra and Spieth & Satow Auctions & Real Estate, Darin W Spieth

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Listing agents

— 45 N Broad St —

  • Shawn Vondra

    Spieth & Satow Auctions & Real Estate

  • Darin W Spieth

    Spieth & Satow Auctions & Real Estate

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

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NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 45 N Broad St

School District:Hillsdale Community Schools
NameGradesDistance
Davis Middle School
30 North West Street, Hillsdale, MI 49242
5-80.2 mi
Gier Elementary School
175 Spring Street, Hillsdale, MI 49242
PK-40.8 mi
Hillsdale High School
30 South Norwood Street, Hillsdale, MI 49242
9-120.5 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 45 N Broad St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/27/2026
Listed
$189,000
-10%
MLS
5/25/2022
Sold
$210,000
—
Public Record
Get Price Alerts and Save Property
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 for 45 N Broad St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,202
32%
$152,200
45%
2023
$4,688
10%
$104,900
34%
2021
$4,253
2%
$78,400
2%
2021
$4,154
3%
$77,100
7%
2020
$4,049
-6%
$72,000
5%
2019
$4,285
4%
$68,400
3%
2018
$4,127
8%
$66,600
-8%
2018
$3,820
—
$72,300
5%
2016
$3,831
41%
$68,700
-7%
2016
$2,719
—
$73,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Spieth & Satow Auctions & Real Estate, Shawn Vondra and Spieth & Satow Auctions & Real Estate, Darin W Spieth

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45 N Broad Street, Hillsdale, MI 49242 (MLS# 26024999) is a Business property. 45 N Broad Street is currently listed for $189,000 and was received on May 27, 2026. Want to learn more about 45 N Broad Street? 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.

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