Address
510 E 16th Street, Holland, MI
Price
$ 3,950,000
Property Attributes
- MLS#24015881
- TypeCommercial
- CountyOTTAWA
- CityHolland
- AreaHolland City
- NeighborhoodHolland City
- Zip49423
- StyleIndustrial
- Year Built1948
- Taxes$ 47677
- Price$ 3,950,000
- Bedrooms0
- Full Bathrooms3
- Half Bathrooms0
- Lot Size7.3 Acres
Data Source:
Michigan Regional Information Center (MICHRIC)
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. (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
| Price History | |
|---|---|
| 4/4/2024 | Listed $3,950,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Phone Available,Public Water Available,Public Sewer Available,Natural Gas Available,Electric Available,Cable Available,Natural Gas Connected,Electric Connected |
| Possession | Negotiable |
| Roof | Rubber,Concrete |
| Construction Materials | Brick,Stone |
| Year Built | 1948 |
| Township | Holland City |
| Property SubType | Industrial |
| Tax Year | 2023 |
| Business Type | Other,Professional/Office,Distribution,Storage |
| County | Ottawa |
| New Construction | No |
| Property Type | Commercial Sale |
| Attached Garage | No |
| Status | Active |
| Directions | US 31 to 16th Street,West to address. Building located on the South Side of the street just West the Menards entrance. |
| City | Holland |
| High School District | Holland |
| Zoning Description | I-1 |
| Total Units | 3 |
| MLS Area | Holland/Saugatuck - H |
| Lot Size Square Feet | 317988.0 |
| Waterfront Y/N | No |
| Street Name | 16th |
| Land Lease Y/N | No |
| Tax Annual Amount | 47677.68 |
| Lease Renewal Y/N | No |
| MLS Area Minor | Holland/Saugatuck - H |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | Yes |
| Rent Control Y/N | No |
| Virtual Tour | https://www.propertypanorama.com/instaview/wmlar/24015881 |
| Days on Market | 33 |
| Standard Status | Active |
| Tax Assessed Value | 822675 |
| Ownership Type | LLC |
| MobileHomeRemainsYN | No |
| Legal Description | See Attached |
| Senior Community | None |
Interior Features
| Total Fireplaces | 1 |
|---|---|
| Total Stories | 1 |
| Basement (Y/N) | No |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Full Baths | 3 |
| Street Suffix | Street |
| Electric On Property Y/N | No |
| Total Baths | 3 |
Exterior Features
| Parking Features | Paved |
|---|---|
| Water Source | Public |
| Total Parking | 40.0 |
| Inclusions | {u'Real Estate': True} |
| Lot Size Area | 7.3 |
| Foundation Details | Slab |
| Number of Buildings | 1 |
| Spa | No |
| Building Area Total | 99132.0 |
| Lot Dimensions | 288 x 1,917.46 x 39.25 x 1,930.09 |
| Lot Size Acres | 7.3 |
| Road Surface Type | Paved |
| Lot Size Units | Acres |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 49423
Price
Taxes
Visits
Year Built
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update May 13, 2024 4:25 PM UTC
Water Wonderland Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
Northern Great Lakes REALTORS® MLS All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
