Cross Streets: Fayette St.
Property Sub-Type: Business Opportunity
Municipality: Hillsdale City
Ownership Type: Private Owned
Auction or For Sale: For Sale
List Price/SqFt: 119.57
Prop Avail for Lease?: Yes
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
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
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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# Loading Docks/Well: 2
Total Parking Spaces: 250
Fire Sprinkler System: 1
Security System: 1
Business: 1
Investment: 1
Electricity Connected: 1
Natural Gas Connected: 1
Bar/Tavern/Lounge: 1
Restaurant: 1
Retail: 1
Other: 1
Licenses: 1
Real Estate: 1
# Full Time Employees: 30
# Part Time Employees: 50
Business Name: Hillsdale Market Hou
Real Estate Value ($): 2500000
Unit Description: Biggby
SqFt: 1859
Unit Description: Anytime Fitness
SqFt: 3678
# Baths: 3
Unit Description: Hillsdale Market Hou
SqFt: 37570
Unit Description: Underdogs
Unit Description: Food Court
Unit Description: Stock room
SqFt: 19320
County: Hillsdale
Street #: 210
Street Direction: W
Street Name: Carleton
Suffix: Road
State: MI
Zip Code: 49242
Zip (4): 5037
Area: Hillsdale County - X
Status: Active
Current Price: $5,500,000
List Price: $5,500,000
Listing Date: 2025-10-13
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