Retail Development

Highlights:

• 01 Generous frontage on Olds Street (M-99), the primary
• north–south route through Jonesville, supporting
• visibility and multiple curb cuts
• 02 Public water and sanitary sewer are available at the
• property line, removing the largest unknown in a
• ground-up budget
• 03 Level to gently rolling topography with no adverse
• easements or encroachments noted, simplifying grading
• and layout
• 04 Highest and best use is retail development — frontage,
• depth, and municipal services support a pad-andanchor layout inside city limits
• 05 Hillsdale College is 3.6 miles southeast on M-99, with
• enrollment growth and continuous campus construction
• since 2024 driving demand in the corridor — see page 9
• 06 National retailers have committed to this trade area in
• recent years — Meijer built 2024, Aldi and KFC built
• 2025, Marshalls opened 2026
• 07 Outside any FEMA special flood hazard area — Zone X
• on panel 26059C0156D, effective February 19, 2014
• 08 Real estate taxes of $3,062 keep carrying costs low for
• a phased development or a straight land-bank hold

Description:

SVN | Stewart Commercial Group is proud to present a 38.73± acre parcel of vacant land inside the City of Jonesville,
Hillsdale County — Section 5, Fayette Township. The site is irregular in shape, level to gently rolling, and
bordered by open fields and residential use, with frontage along the primary north–south route through
the city. Public water and sanitary sewer are available at the property line and the street is paved and
publicly maintained.

The parcel is offered at $1,600,000 — $41,312 per acre, a basis well under the per-acre prices smaller
commercial parcels have commanded in the same market. Retail development is the site’s highest and best
use: the frontage and depth accommodate a pad-and-anchor layout with multiple access points, and water
and sewer at the property line shorten the runway to a first vertical. The offering works equally well for an
investor land banking acreage in a growth corridor

Hillsdale College sits 3.6 miles southeast of the site in the City of Hillsdale, straight down
the same highway the parcel fronts. Founded in 1844, the private liberal arts college enrolls
about 1,650 undergraduates on a 400± acre campus and accepts no federal or state
funding — operations are underwritten entirely by private support, which insulates the
institution and its payroll from public funding cycles.
The college ranks No. 50 among national liberal arts colleges and No. 21 nationally for
lowest acceptance rate, and it holds an A+ financial health grade from Forbes. Endowment
investments exceeded $900 million as of June 2024 — roughly $600,000 per student,
among the highest of any college in Michigan.
That balance sheet is funding visible physical growth. Campus has been under continuous
construction since 2024: a new graduate school building, additions to the student union
and library, a visitor center, and an approved expansion of the Dow Hotel and Conference
Center. The college is also one of Hillsdale County’s largest employers and its most
dependable generator of non-local traffic — parents, alumni, donors, event and athletics
visitors, and prospective students arrive year-round, and most route through Jonesville on
US-12 or M-99 to get there.


The subject property consists of 38.73 ± acres of vacant land situated on the corner of Olds Street and Reading Avenue
in the City of Jonesville, Hillsdale County, Michigan. The site is irregularly shaped with rolling topography, currently used
as open agricultural fields. Public utilities including electric, gas, water, and sanitary sewer are available to or at the
property line.The parcel is strategically positioned within the Jonesville retail corridor, adjacent to recent major retail
development including a new Meijer and Aldi — anchors that have established the area as the region’s primary retail
destination. The site is also in close proximity to Hillsdale College, a nationally recognized institution that drives
consistent year-round consumer traffic and supports the commercial demand profile of the surrounding area.The
highest and best use is as a Major Retail Center, reflecting the site’s large contiguous acreage, established retail
adjacency, and the demonstrated consumer draw of nearby anchor tenants. Property values in Hillsdale County are
increasing.

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