Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11322 E Lakewood Blvd Holland, MI 49424

    View on Map
    Sponsored
    For Lease
    $13 SF/Yr ($3,250 /Mo)

    COMMERCIAL - Holland, MI

    Property size:
    3,000 SF
    Lot size:
    1.70 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 16 at 3:06 am

    Property Features for 11322 E Lakewood Blvd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    70-16-22-432-012
    Parking
    4
    Fireplace
    1
    Size
    3,000 SF
    Lot size
    1.70 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1997
    Number of units
    1
    Building materials
    Metal Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    The Jim And Bernie Team

    Coldwell Banker Woodland Schmidt (616) 396-5221

    Listing agent The Jim and Bernie Team (616) 355-3650

    Listing date Mar 13, 2026

    MLS# 26009751

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Holland Commercial Condo with Office

    Located just off Chicago Drive, this commercial condo in Holland, MI, features office space and a 29 x 49 square foot garage area with a large overhead door suitable for equipment storage and other uses. The property includes a finished office area with a restroom, kitchen area, and a private office, as well as an upstairs area. The C-2 zoning provides many options for this space. The property is situated on a 1.7-acre lot. The total property size is 3,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.07218
    Latitude
    42.803035

    Nearby Similar for Lease

    • $17 SF/Yr
      6,500 SF

      Versatile Commercial Space in Holland

      6,500 sq ft commercial space in high-traffic Holland location.
      2975 West Shore Dr, Holland, MI 49424
      View Details
    • $7 SF/Yr
      37,800 SF

      New Industrial Warehouse Space Available

      New construction industrial warehouse space for lease in Holland, MI.
      721 E 48Th St, Holland, MI 49423
      View Details
    • $4 SF/Yr
      24,990 SF

      Holland Manufacturing and Warehouse Space

      Manufacturing and warehouse space with office, loading docks, and parking.
      455 E 64Th St, Holland, MI 49423
      View Details
    • $17 SF/Yr
      6,641 SF

      Holland Office Space For Rent

      High-profile office building with suites available for lease.
      601 Michigan Ave, Holland, MI 49423
      View Details
    • $17 SF/Yr
      4,235 SF

      Holland Office Space For Rent

      High-profile office building across from Holland Hospital with flexible space.
      601 Michigan Ave, Holland, MI 49423
      View Details
    • $17 SF/Yr
      810 SF

      Holland Office Space For Rent

      High-profile office building across from Holland Hospital with flexible space.
      601 Michigan Ave, Holland, MI 49423
      View Details
    • $17 SF/Yr
      1,596 SF

      Holland Office Space For Rent

      Office suites available in high-profile building near Holland Hospital.
      601 Michigan Ave, Holland, MI 49423
      View Details
    • $7 SF/Yr
      37,800 SF

      New Industrial Warehouse in Holland

      New construction industrial warehouse space for lease in Holland, MI.
      721 E 48Th St, Holland, MI 49423
      View Details
    • New
      $15 SF/Yr
      1,983 SF

      Office/Retail Building For Lease

      Office/retail building for lease near Holland Hospital.
      653 Michigan Ave, Holland, MI 49423
      View Details
    • $15 SF/Yr
      2,918 SF

      Spacious Lower-Level Office Suite

      2,918 SF office suite near downtown Holland, Michigan.
      240 E 8Th St, Holland, MI 49423
      View Details
    • $7 SF/Yr
      10,380 SF

      Holland Commercial Building For Lease

      Centrally located flex/industrial/office/warehouse space near Chicago Drive.
      10841 Paw Paw Dr, Holland, MI 49424
      View Details
    • $18 SF/Yr
      6,210 SF

      Office Space in Park Township

      Office space for lease in a convenient Park Township location.
      697 Ottawa Beach Rd, Holland, MI 49424
      View Details

    FAQs

    What type of property is this?
    Office units - Commercial condo with office, garage space, and C-2 zoning.
    Where is this office units located?
    The property is located at 11322 E Lakewood Blvd Holland, MI.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    (616) 355-3650
    Request Owner's contact information
    11322 E Lakewood Blvd Holland, MI 49424
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11322 E Lakewood Blvd
    Holland, MI 49424
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11322 E Lakewood Blvd Holland, MI 49424
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    The Jim And Bernie Team
    (616) 355-3650
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!