510 E 16th Street Active Save Request In-Person Tour Request Virtual Tour
Holland,MI 49423
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
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