510 E 16th Street, Holland, MI 49423 - MLS#71024015881

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Downtown Realty

team@dtrdetroit.com +1(313) 466-7253

$ 3,650,000

Est. payment -/mo

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510 E 16th Street Holland, MI 49423

99,132 SqFt

UPDATED:

09/18/2024 02:29 PM

Key Details

Property Type Commercial

Sub Type Business And Real Estate

Listing Status Active

Purchase Type For Sale

Square Footage 99,132 sqft

Price per Sqft $36

MLS Listing ID 71024015881

Originating Board West Michigan Lakeshore Association of REALTORS�

Year Built 1948

Annual Tax Amount $47,677

Lot Size 7.300 Acres

Acres 7.3

Lot Dimensions 288 x 1,917.46 x 39.25 x 1,930.09

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 1/2 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.(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; Power/Phase: 440 3 Phase

Location

State MI

County Ottawa

Area Holland

Zoning Other

Direction US 31 to 16th Street, West to address. Building located on the South Side of the street just West the Menards entrance.

Interior

Heating Forced Air, Hot Water

Heat Source Natural Gas

Exterior

Waterfront no

Roof Type Rubber

Road Frontage Paved

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street

Water Public (Municipal), Water at Street

Structure Type Block/Concrete/Masonry,Brick,Stone

Schools

School District Holland

Others

Tax ID 701633200012

Acceptable Financing Cash, Conventional, Lease

Listing Terms Cash, Conventional, Lease

Financing Cash,Conventional,Lease

Special Listing Condition Unknown/Data Share Listings

Listed by James Edewaard of Coldwell Banker Woodland Schmidt Commercial

Downtown Realty

Brokerage | License ID: 6505386963

+1(313) 466-7253

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