New Self-Storage Condo
460 Cleveland Avenue Holland, MI 49423
460 Cleveland Avenue, Holland, MI, 49423
$389,500
For Sale
$389,500
COMMERCIAL - Holland, MI
Property Size1,920 SF
Lot Size1.11 Acres
Price / SF$202.86
Days on Market767
Property Features for 460 Cleveland Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Property condition
- Under Construction
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Interior features
- Broadband
- Standard status
- Active
- APN
- 70-16-31-209-001
- Size
- 1,920 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
- 1
- 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# 24029233
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 storage building/condo units with multiple buying options, ranging from 1,920 to 5,760 square feet. Each unit includes a 22-foot ceiling height, a 14' x 16' overhead door with operator, and both front and rear service doors, providing flexible drive-in access and straightforward loading and unloading.
Located at 460 Cleveland Avenue in Holland, MI (Ottawa County), the property is positioned for users who want close access to Lake Macatawa, including those looking for convenient storage for boats. The configuration supports both individual unit ownership and occupancy across a range of sizes.
The combination of tall clearance and drive-in overhead service makes these storage condos well-suited for businesses and individuals that need secure, practical storage. With 5 condo units reported under contract and 6 condo units remaining, buyers can select a unit size that aligns with their needs while retaining the straightforward storage-focused build-out and access features included with every unit.
Located at 460 Cleveland Avenue in Holland, MI (Ottawa County), the property is positioned for users who want close access to Lake Macatawa, including those looking for convenient storage for boats. The configuration supports both individual unit ownership and occupancy across a range of sizes.
The combination of tall clearance and drive-in overhead service makes these storage condos well-suited for businesses and individuals that need secure, practical storage. With 5 condo units reported under contract and 6 condo units remaining, buyers can select a unit size that aligns with their needs while retaining the straightforward storage-focused build-out and access features included with every unit.
Key Highlights
- Newly built storage condo units (1,920 - 5,760 SF) offer modern, customizable space.
- High ceilings (22'+) and large overhead doors (14' x 16') provide easy access and storage for large items.
- Convenient location near Lake Macatawa, ideal for boat owners.
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 | $41.5k | $21.60 |
| − Vacancy | −$995 | −$0.52 |
| EGI | $40.5k | $21.08 |
| − OpEx | −$12.1k | −$6.32 |
| NOI | $28.3k | $14.76 |
1,920 SF · lease $21.60/SF/yr · vacancy 2.40% · expense 30.00%
Alternative Uses
Best Use
Industrial
$404.8K
$354.2K – $472.2K
NOI $28,334 @ 7.0% cap · market cap 7.27%
Second Best
Self Storage
$265.3K
$232.2K – $309.6K
NOI $18,574 @ 7.0% cap · market cap 4.77%
Theoretical Best
Multifamily LT 5
$23.88M
$20.89M – $27.86M
NOI $1,671,300 @ 7.0% cap · market cap 429.09%
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 offer high ceilings and drive-in access for a range of storage needs.
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 $389,500.
What are key features of this property?
This property features: Newly built storage condo units (1,920 - 5,760 SF) offer modern, customizable space.; High ceilings (22'+) and large overhead doors (14' x 16') provide easy access and storage for large items.; Convenient location near Lake Macatawa, ideal for boat owners.
