510 E 16th Street
Holland, MI, 49423 $ 3,950,000
Baths3.0 Monthly Estimate*
$ 27,592
Studio
for $3,950,000 with 3 full baths. This building was built in 1948 on a lot size of 7.3.
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
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FeaturesGeneralSewer 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
Property SubType Industrial
Tax Year 2023
Business Type Other Professional/Office Distribution Storage
County Ottawa
New Construction N
Property Type Commercial Sale
Attached Garage N
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 N
Street Name 16th
Land Lease Y/N N
Tax Annual Amount 47677.68
Lease Renewal Y/N N
MLS Area Minor Holland/Saugatuck - H
Additional Parcels Y/N N
Lease Considered Y/N Y
Rent Control Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/wmlar/24015881
Days on Market 19
Standard Status Active
Tax Assessed Value 822675
Ownership Type LLC
Legal Description See Attached
Senior Community None
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ExteriorParking 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 N
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 N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Fireplaces 1
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Full Baths 3
Street Suffix Street
Electric On Property Y/N N
Total Baths 3
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* Excluded FeaturesList ByColdwell Banker Woodland Schmidt CommercialBroker
james.edewaard@cbgreatlakes.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $27,592
- Monthly Property Taxes
- $3,973
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Holland, MI
Average List Price $919,006
Percent of Sale Price 77%
About Holland, MI 34,619 Population
-2% Since 2002
$ 50,640 Median Income
33.33 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
248776 Elementary School
251674 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/4/2024 | $3,950,000 | | Listed Price |