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$5,500,000
Est. payment /mo
8 Baths
46,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type BusinessandRealEstate
Listing Status Active
Purchase Type For Sale
Square Footage 46,000 sqft
Price per Sqft $119
MLS Listing ID 55025052593
Year Built 1973
Lot Size 7 Sqft
Property Sub-Type BusinessandRealEstate
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 addoperational 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.
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.
Location
State MI
County Hillsdale
Area Area30072Hillsdale
Interior
Heating ForcedAir, NaturalGas
Cooling CentralAir
Exterior
Parking Features Asphalt
Utilities Available ElectricityConnected, NaturalGasConnected
View Y/N No
Roof Type Rubber
Building
Foundation Block, None
Sewer PublicSewer
Water Public
Schools
School District Hillsdale
Others
Ownership Franchise,Trust
Acceptable Financing Cash, Conventional, Lease
Listing Terms Cash, Conventional, Lease
Special Listing Condition Standard
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©2025 Realcomp II Ltd. Shareholders
Listed by Brittany Miles-Ostrowski of ERA REARDON REALTY, L.L.C.
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