510 E 16th Street, Holland, MI 49423 (MLS # 24015881)

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PRICE $3,650,000 dsIDX morgage calculator
SIZE 99,132 sqft
LOT SIZE 7.30 ac

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

DAYS ON MARKET 264 LAST UPDATED 8/7/2024
YEAR BUILT 1948 COMMUNITY Holland/Saugatuck - H
COUNTY Ottawa STATUS Active
PROPERTY TYPE(S) Commercial

PRICE HISTORY
Prior to Aug 7, '24 $3,950,000
Aug 7, '24 - Today $3,650,000


ADDITIONAL DETAILS
AREA Holland/Saugatuck - H
CONSTRUCTION Brick, Stone
HEAT Forced Air, Hot Water, Natural Gas
LOT 7.3 acre(s)
LOT DIMENSIONS 288 x 1,917.46 x 39.25 x 1,930.09
SEWER Public Sewer
STORIES 1
TAXES 47677.68
UTILITIES Natural Gas Available, Phone Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Water Available, Sewer Available
WATER Public
ZONING I-1
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listing provided by Coldwell Banker Woodland Schmidt Commercial, James Edewaard

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Updated 12/23/24 3:02 AM PST

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