For Sale
45 N Broad Street, Hillsdale, MI 49242
$149,000
MLS # 26024999 (Michigan Regional Information Center (MichRIC))
2 bathsBuilt 18900.19 acres
1 / 29
Listing Description
The business of Ethan's Donut Factory & Ice Cream is for sale. This is a great opportunity to purchase a ''turn key'' business in the heart of historic downtown Hillsdale. The sale of the business includes everything the new owner will need to continue the existing bakery operations, including commercial oven, mixer(s), donut machine, pots/pans, refrigerators, coolers, display cases. The business launched in May 2024 and quickly became known for its custom donuts, specialty baked goods and delicious ice cream. Business operations will continue through the transition of ownership. The building went through a custom renovation with high-end design and finishes. The sale is for the business only and does not include the building. A long-term lease of the building space is welcomed with flexible terms/conditions. The current owners can assist and provide training to ensure a smooth transition.
Source: SparkMLS
About this home
Located in Hillsdale in Hillsdale, this property offers 2-bath, with original construction dating to 1890.
Listed at $149,000.
Annual property taxes run approximately $5,500 ($458/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Hillsdale Board of Public Utilities; natural gas by Michigan Gas Utilities Corporation.
Listing Property Details
Property TypeCommercial Sale
Property SubtypeBusiness Opportunity
Bathrooms2
Lot Size0.19 acres
Year Built1890
Location
CityHillsdale
MunicipalityHillsdale City
Zip Code49242
CountyHillsdale
School DistrictHillsdale
Construction & Systems
HeatingForced Air
UtilitiesPhone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Storm Sewer
InteriorBroadband
Sale & Financing
Listed5/26/2026
Original Price$189,000
Terms AcceptedConventional, Cash
Source: SparkMLS
Tax Information
Annual Tax$5,500
Tax Year2025
Assessed Value$108,151
Parcel #006-126-160-12
Source: SparkMLS
Legal Description
LOT 35 0.16A M/L BLK M OLD PLAT (VILLAGE OF HILLSDALE) SEC 26 T6S R3W FOURTH WARD (REDISTRICTED 2011 FROM FIRST WARD)
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Shawn Vondra
Spieth & Satow Auctions & Real Estate
Frequently Asked Questions about 45 N Broad Street, Hillsdale, MI 49242
What school district is 45 N Broad Street, Hillsdale, MI 49242 in?
Per MLS# 26024999, this property is served by Hillsdale. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 45 N Broad Street, Hillsdale, MI 49242?
Per MLS# 26024999, the seller has indicated this property accepts the following financing types: Conventional, Cash. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26024999, the most recent reported annual property tax for 45 N Broad Street, Hillsdale, MI 49242 is $5,500 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 45 N Broad Street, Hillsdale, MI 49242 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 45 N Broad Street, Hillsdale, MI 49242 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Hillsdale Board of Public Utilities. Gas: Michigan Gas Utilities Corporation. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Hillsdale City police department or the Hillsdale County sheriff's office.
Map
Mortgage Calculator
$
%
$
$
$
Monthly payment$966
Principal & interest$966
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Hillsdale Board of Public Utilities
Municipal
Michigan Gas Utilities Corporation
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
45 N Broad Street, Hillsdale, MI 49242
View full property history →
Municipality
Hillsdale
View all listings →
Get email alerts for new listings near 45 N Broad Street
We'll notify you when something hits the market in Hillsdale or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.