Self Storage Condo
460 Cleveland Avenue Holland, MI 49423
460 Cleveland Avenue, Holland, MI, 49423
$752,120
For Sale
$752,120
COMMERCIAL - Holland, MI
Property Size3,840 SF
Lot Size1.11 Acres
Price / SF$195.86
Days on Market767
Property Features for 460 Cleveland Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Property condition
- Under Construction
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Interior features
- Broadband
- Standard status
- Active
- APN
- 70-16-31-209-001
- Size
- 3,840 SF
- Lot size
- 1.11 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LOTS 46 TO 59 INCLUSIVE, ALSO S 1/2 OF VAC 19TH ST & ALL OF VAC ALLEY ADJ TO SD LOTS. WEERSING'S 1ST ADD SEC 31 T5N R15
- Tax Annual Amount
- 28865
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Metal Siding
Listing Agency
Lakeshore Commercial Real Estate
(616) 394-4500
44 E 8th Street # 510, Holland, MI
Listed by
Thomas S Postma · License #6502135442
(616) 394-4500
Added: Jun 10, 2024 Checked: Jul 16 at 5:06 pm
MLS# 24029227
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.
Investment Insights
Based on property information with market context.
This offering consists of 11 newly built self-storage building/condo units, with multiple buying options. The units are designed for flexible storage, featuring 22'+ ceiling height and a 14' x 16' overhead door with an operator, along with front and rear service doors for additional access. Each condo unit provides an enclosed, drive-up style setup intended to support tenants and operators who need convenient, direct entry to their storage space.
The property is located at 460 Cleveland Avenue in Holland, Michigan, within Ottawa County. The seller notes the site’s proximity to Lake Macatawa, which may be particularly useful for buyers or tenants seeking storage for boats and related equipment.
As currently presented, five condo units are under contract and six condo units remain available. This structure allows buyers to select from different unit configurations and purchase quantities, rather than committing to a single large footprint. The combination of high clearance, oversized overhead loading, and front/rear service access is well-suited for users who need straightforward loading and unloading without relying on shared interior circulation.
The property is located at 460 Cleveland Avenue in Holland, Michigan, within Ottawa County. The seller notes the site’s proximity to Lake Macatawa, which may be particularly useful for buyers or tenants seeking storage for boats and related equipment.
As currently presented, five condo units are under contract and six condo units remain available. This structure allows buyers to select from different unit configurations and purchase quantities, rather than committing to a single large footprint. The combination of high clearance, oversized overhead loading, and front/rear service access is well-suited for users who need straightforward loading and unloading without relying on shared interior circulation.
Key Highlights
- 11 newly built storage building/condo units with multiple options ranging from 1,920–5,760 SF
- Units feature 22+ ft ceiling height and a 14' x 16' overhead door with operator
- Each unit includes front and rear service doors
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.9k | $21.60 |
| − Vacancy | −$2.0k | −$0.52 |
| EGI | $81.0k | $21.08 |
| − OpEx | −$24.3k | −$6.32 |
| NOI | $56.7k | $14.76 |
3,840 SF · lease $21.60/SF/yr · vacancy 2.40% · expense 30.00%
Alternative Uses
Best Use
Industrial
$809.5K
$708.3K – $944.5K
NOI $56,667 @ 7.0% cap · market cap 7.53%
Second Best
Self Storage
$530.7K
$464.4K – $619.2K
NOI $37,149 @ 7.0% cap · market cap 4.94%
Theoretical Best
Multifamily LT 5
$47.75M
$41.78M – $55.71M
NOI $3,342,601 @ 7.0% cap · market cap 444.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Newly built storage condo units with 22-foot ceilings and 14-by-16 overhead doors.
Where is this self storage facility located?
The property is located at 460 Cleveland Avenue Holland, MI.
What is the asking price?
The asking price for this property is $752,120.
What are key features of this property?
This property features: 11 newly built storage building/condo units with multiple options ranging from 1,920–5,760 SF; Units feature 22+ ft ceiling height and a 14' x 16' overhead door with operator; Each unit includes front and rear service doors
