$3,950,000
Holland, MI 49423
MLS# 24015881
99132 sqft
1 / 17
Property Description
Three unit Older Industrial Property of approximately 100,000 s.f., Zoned I-1, on 7.3 acres in the City of Holland. Present rail spur is not activated. Complete new roof and insulation on the entire building. New LED lighting throughout, separate gas and electric metering. Front approximately ½ of the building (Section A) to be vacated early summer 2024, this is a great owner occupant opportunity with the balance of the building leased out. Key location just West of US-31 alongside Menards with easy access to I-196. (Section A) Approximately 50,000 s.f. of Concrete block and brick building with wood deck, 440 power, 14' ceilings, two loading docks, new lighting, approximately 2,000 s.f. of office, good power distribution, new roof/insulation. Will be vacant early summer 2024.
Details
Maps
Documents
Location & Property Info
County: Ottawa
Street #: 510
Street Direction: E
Street Name: 16th
Suffix: Street
State: MI
Zip Code: 49423
Cross Streets: US 31 & Century Lane
Property Sub-Type: Industrial
Area: Holland/Saugatuck - H
Municipality: Holland City
Office/Contract Info
Status: Active
Current Price: $3,950,000
List Price: $3,950,000
Auction or For Sale: For Sale
List Price/SqFt: 39.85
Prop Avail for Lease?: Yes
Sub Agency Type: %
Buyer Agency: 2.5
Buyer Agency Type: %
Trans Coord: 2
Trans Coord Type: %
Listing Date: 2024-04-03
Current Bldg Use: Industrial
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 7.3
Lot Square Footage: 317988
Lot Dimensions: 288 x 1,917.46 x 39.25 x 1,930.09
Year Built: 1948
Road Frontage: 288
Total # Units: 3
# Fin Bldg Lvls: 1
Total # Bldgs: 1
Total SqFt: 99132
Full Baths: 3
Waterfront: No
School District: Holland
Tax Info
Tax ID #: 70-16-33-200-012
Taxable Value: 822675
SEV: 860300
For Tax Year: 2023
Annual Property Tax: 47677.68
Tax Year: 2023
Spec Assessment & Type: None known
Zoning: I-1
Remarks & Misc
Legal: See Attached
Directions: US 31 to 16th Street, West to address. Building located on the South Side of the street just West the Menards entrance.
Additional Details
# Loading Docks/Well: 6
Total Parking Spaces: 40
Grd Lvl OH Doors: 2
Ceiling Height: 16
Power/Phase: 440 3 Phase
Property Features
Property Use: Business; Investment; Net Leased (nnn)
Uses: Distribution; Professional/Office; Storage; Other
Ownership: LLC
Business Includes: Real Estate
Construction Type: Block; Concrete
Exterior Material: Brick; Stone
Roofing: Rubber
Foundation: Slab
Below Grade: None
Sewer: Public
Water: Public
Utilities Attached: Electric; Natural Gas
Util Avail at St: Cable; Electric; Natural Gas; Public Sewer; Public Water; Telephone
Heat Source: Natural Gas
Heat Type: Forced Air; Hot Water
Air Conditioning: None
Driveway: Paved
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Docs at List Office: Survey
Sale Conditions: None
Supplements
(Section B) 20,812 s.f. of Concrete Block and brick with concrete roof deck, 4 dock height doors, and a large drive through door, heavy power, sprinkling, new LED lighting, new ADA bathrooms, new heating, new paint, 16' ceilings, 21'x30' bay spacing. Presently leased as storage through 2/28/26, for $3.86 per s.f. plus utilities with 3% annual COLA. (Section C) 23,335 s.f. of Concrete Block and brick section with steel bar joist and decking, 17' ceilings, new roof/insulation, new fire protection, LED lighting, HVAC, heavy power, new ADA bathrooms, new paint, two docks, one large drive through door, 30'x43' bay spacing. Presently leased as storage through 2/28/27, for $3.50 per s.f. + NNN with 3% COLA
Property Description/A, B & C 
Listing Office: Coldwell Banker Woodland Schmidt Commercial
Listing Agent: James Edewaard
Last Updated: April - 04 - 2024
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