$5,500,000
Hillsdale, MI 49242
MLS# 25052593
46000 sqft
1 / 212
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
Details
Maps
Location Property Info
County: Hillsdale
Street #: 210
Street Direction: W
Street Name: Carleton
Suffix: Road
State: MI
Zip Code: 49242
Zip (4): 5037
Area: Hillsdale County - X
OfficeContract Info
Status: Active
Current Price: $5,500,000
List Price: $5,500,000
Listing Date: 2025-10-13
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 7.04
Lot Square Footage: 306662
Lot Dimensions: 461 x 376 x 205 x 328 x 376 x 798
Year Built: 1973
Road Frontage: 420
Mineral Rights: Yes
Year Remodeled: 2006
Total # Units: 6
# Fin Bldg Lvls: 44670
# of Diff Unit Floor Plans: 6
Total # Bldgs: 1
Total SqFt: 46000
Property Use Type: Business
Full Baths: 8
Waterfront: No
School District: Hillsdale
Tax Info
Tax ID #: 006-222-326-22
Taxable Value: 800000
SEV: 800000
For Tax Year: 2025
Seller's Annual Property Tax: 48479
Tax Year: 2024
Spec Assessment & Type: N/A
Zoning: Commercial
Remarks Misc
Directions: Fayette St
Additional Details
# Loading Docks/Well: 2
Total Parking Spaces: 250
Business Opportunity
# Full Time Employees: 30
# Part Time Employees: 50
Business Name: Hillsdale Market Hou
Real Estate Value ($): 2500000
Unit 1
Unit Description: Biggby
SqFt: 1859
Unit 2
Unit Description: Anytime Fitness
SqFt: 3678
# Baths: 3
Unit 3
Unit Description: Hillsdale Market Hou
SqFt: 37570
Unit 4
Unit Description: Underdogs
Unit 5
Unit Description: Food Court
Unit 6
Unit Description: Stock room
SqFt: 19320
Property Features
Property Use: Business; Investment
SqFt Information: Fire Sprinkler System; Security System
Uses: Bar/Tavern/Lounge; Restaurant; Retail; Other
Ownership: Franchise; Trust
Business Includes: Licenses; Real Estate
Construction Type: Block
Exterior Material: Block
Roofing: Rubber
Foundation: Block
Below Grade: None
Additional Features: Fire Sprinkler
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at St: None
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Asphalt
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Docs at List Office: Aerial Photo
Docs Req Conf Agrmnt: Financials; Leases
Sale Conditions: None
Possession: Close Of Escrow
Supplements
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.
Listing Office: ERA REARDON REALTY, L.L.C.
Listing Agent: Brittany Ostrowski
Last Updated: October - 13 - 2025
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