Retail Development

Olds Street (M-99) , Jonesville, MI 49250

Property Information

  • For Sale $1,600,000
  • Property Type VacantLand
  • Lot Size 38.73 Acre
  • Date Updated Sep 24, 2026

Description

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.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

Highlights

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

Contacts

Location

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