Homes for sale - 510 E 16th Street, Holland, MI 49423

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$3,650,000

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3 BA

99,132 SqFt

Active

510 E 16th Street Holland, MI 49423

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Matthew Cramer

matt@theeliteteamwestmi.com +1(616) 802-4184

UPDATED:

09/18/2024 01:27 PM

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 99,132 sqft

Price per Sqft $36

Municipality Holland City

MLS Listing ID 24015881

Full Baths 3

Year Built 1948

Annual Tax Amount $47,677

Tax Year 2023

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 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 (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

Location

State MI

County Ottawa

Area Holland/Saugatuck - H

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

Inclusions Real Estate

Exterior

Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Water Available, Sewer Available

Waterfront No

View Y/N No

Roof Type Rubber

Street Surface Paved

Total Parking Spaces 40

Building

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Brick,Stone

New Construction No

Schools

School District Holland

Others

Tax ID 70-16-33-200-012

Ownership LLC

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Listed by Coldwell Banker Woodland Schmidt Commercial

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Matthew Cramer

Real Estate Agent | License ID: 6501406869

+1(616) 802-4184

Matthew Cramer

510 E 16th Street Holland, MI 49423

Matthew Cramer

Key Details

Location

Interior

Exterior

Building

Schools

Others

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510 E 16th Street