210 W Carleton Road

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210 W Carleton Road

Hillsdale, MI 49242
Asking Price
$5.50M
Asset Type
Retail
Class
Class B

What's Special

210 W Carleton Road is situated along a primary commercial corridor in Hillsdale, Michigan, offering high visibility near the intersection of M-99 and M-43. The surrounding neighborhood features a mix of established local businesses, national retailers, and essential service providers. The property is positioned within a short distance of the Hillsdale College campus and the city’s downtown district, benefiting from steady local traffic and regional regional accessibility. Dedicated turn lanes and proximity to major surface streets support efficient transportation for patrons and logistics. This retail asset is suited for a range of commercial applications, including general merchandise sales, specialty boutiques, or service-oriented businesses. The layout and strategic location align with the needs of a typical tenant profile consisting of regional franchise operators or local entrepreneurs seeking to capitalize on steady daytime demographics. The property accommodates high-frequency consumer interaction, making it an appropriate site for retail tenants focused on visibility and ease of access for the local community.

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NOI
$80,000
Cap Rate
1.45%
DSCR
0.24
Underwater
Cash-on-Cash
-14.94%
Monthly Payment
$27,210.999
Annual Cash Flow
$-246,531.989

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