$189,000
Hillsdale, MI 49242
MLS# 26024999
5146 sqft
1 / 29
Property 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. Contact Shawn Vondra @ 517-320-6051 or Darin Spieth @ 517-398-6060 for more information.
Details
Location & Property Info
Cross Streets: McCullum Street
Property Sub-Type: Business Opportunity
Municipality: Hillsdale City
Principal Road: Yes
Ownership Type: Broker/Agent Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 36.73
Prop Avail for Lease?: Yes
Current Bldg Use: Bakery - Ethan's Donuts Factory & Ice Cream
General Property Info
New Construction: No
Lot Dimensions: 45x147
Road Frontage: 45
Waterfront: No
Year Remodeled: 2024
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 1
# Fin Bldg Lvls: 3
Total SqFt: 5146
Property Use Type: Business
School District: Hillsdale
Lot Measurement: Acres
Lot Acres: 0.19
Lot Square Footage: 8059
Year Built: 1890
Full Baths: 2
Tax Info
Taxable Value: 108151
SEV: 152200
For Tax Year: 2025
Seller's Annual Property Tax: 5500
Tax Year: 2025
Homestead %: 0
Spec Assessment & Type: 0
Tax ID #: 006-126-160-12
Remarks & Misc
Public Remarks: 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. Contact Shawn Vondra @ 517-320-6051 or Darin Spieth @ 517-398-6060 for more information.
Legal: LOT 35 0.16A M/L BLK M OLD PLAT (VILLAGE OF HILLSDALE) SEC 26 T6S R3W FOURTH WARD (REDISTRICTED 2011 FROM FIRST WARD)
Street Type
Paved: 1
Public: 1
Property Use
Business: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Restaurant: 1
Construction Type
Block: 1
Other: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
Corporation: 1
Below Grade
Basement: 1
Walk-Out Access: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Business Includes
Equipment: 1
Furniture: 1
Inventory: 1
Util Avail at St
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Storm Sewer: 1
Tenant Pays All
Electric: 1
Gas: 1
Sewer: 1
Trash: 1
Water: 1
Other: 1
Driveway
Asphalt: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Business Opportunity
# Full Time Employees: 1
# Part Time Employees: 8
Business Description: Bakery
Equip Value ($): 100000
Inventory Value ($): 10000
Possession
Close Of Escrow: 1
Location Property Info
County: Hillsdale
Street #: 45
Street Direction: N
Street Name: Broad
Suffix: Street
State: MI
Zip Code: 49242
Zip (4): 1602
OfficeContract Info
Status: Active
Current Price: $189,000
List Price: $189,000
Listing Date: 2026-05-27
Remarks Misc
Directions: Business is located at 45 N Broad Street (M99) in historic downtown Hillsdale.
Property Features
Property Use: Business
Uses: Restaurant
Ownership: Corporation
Business Includes: Equipment; Furniture; Inventory
Construction Type: Block; Other
Below Grade: Basement; Walk-Out Access
Tenant Pays All: Electric; Gas; Sewer; Trash; Water; Other
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Storm Sewer
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Asphalt
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Sale Conditions: None
Possession: Close Of Escrow
Listing Office: Spieth & Satow Auctions & Real Estate
Listing Agent: Shawn Vondra
Last Updated: May - 27 - 2026
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