$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
Cross Streets: Fayette St.
Property Sub-Type: Business Opportunity
Area: Hillsdale County - X
Municipality: Hillsdale City
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 119.57
Prop Avail for Lease?: Yes
General Property Info
New Construction: No
Lot Dimensions: 461 x 376 x 205 x 328 x 376 x 798
Road Frontage: 420
Mineral Rights: Yes
Waterfront: No
Year Remodeled: 2006
Total # Units: 6
# of Diff Unit Floor Plans: 6
Total # Bldgs: 1
# Fin Bldg Lvls: 44670
Total SqFt: 46000
Property Use Type: Business
School District: Hillsdale
Lot Measurement: Acres
Lot Acres: 7.04
Lot Square Footage: 306662
Year Built: 1973
Full Baths: 8
Tax Info
Taxable Value: 800000
SEV: 800000
For Tax Year: 2025
Seller's Annual Property Tax: 48479
Tax Year: 2024
Homestead %: 0
Spec Assessment & Type: N/A
Zoning: Commercial
Tax ID #: 006-222-326-22
Remarks & Misc
Public Remarks: 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
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Additional Details
# Loading Docks/Well: 2
Total Parking Spaces: 250
Street Type
Paved: 1
Public: 1
SqFt Information
Fire Sprinkler System: 1
Security System: 1
Property Use
Business: 1
Investment: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Bar/Tavern/Lounge: 1
Restaurant: 1
Retail: 1
Other: 1
Construction Type
Block: 1
Exterior Material
Block: 1
Roofing
Rubber: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
Franchise: 1
Trust: 1
Below Grade
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Docs at List Office
Aerial Photo: 1
Business Includes
Licenses: 1
Real Estate: 1
Additional Features
Fire Sprinkler: 1
Foundation
Block: 1
Util Avail at St
None: 1
Driveway
Asphalt: 1
Docs Req Conf Agrmnt
Financials: 1
Leases: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
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
Possession
Close Of Escrow: 1
Location Property Info
County: Hillsdale
Street #: 210
Street Direction: W
Street Name: Carleton
Suffix: Road
State: MI
Zip Code: 49242
Zip (4): 5037
OfficeContract Info
Status: Active
Current Price: $5,500,000
List Price: $5,500,000
Listing Date: 2025-10-13
Remarks Misc
Directions: Fayette St
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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