Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    717 E 24Th St, Unit B Holland, MI 49423

    Sponsored
    For Lease
    $24 SF/Yr ($4,000 /Mo)

    COMMERCIAL - Holland, MI

    Type:Retail
    Property size:
    2,000 SF
    Lot size:
    10.70 Acres
    Days on Market:
    143
    Last Refresh:
    Jan 22 at 11:06 am

    Property Features for 717 E 24Th St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Property condition
    Under Construction
    Standard status
    Active
    APN
    70-16-34-100-044
    Fireplace
    1
    Size
    2,000 SF
    Lot size
    10.70 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2025

    We can help!

    Listing Contact
    Drew Alan Durham

    Lakeshore Commercial Real Estate (616) 394-4500

    Listing agent Drew Alan Durham (616) 394-4500

    Listing date Sep 2, 2025

    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

    Retail Space in Holland, MI

    Available for lease is 1,285 to 2,000 square feet of retail space, situated at the corner of E 24th Street and S Waverly Road in Holland, MI. The property is part of a new construction project. The 10.7-acre lot provides ample on-site parking. The location is near big box retailers such as Meijer, Menards, Dollar Tree, and Save-A-Lot, as well as numerous restaurants, shops, and other national and local retailers. The property's location at 717 E 24th Street, unit B, benefits from high traffic counts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    HōM Flats at 24 ... Apartment Building

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.076346
    Latitude
    42.776856

    Nearby Similar for Lease

    • $3 SF/Yr
      76,225 SF

      Downtown Holland Commercial Space Available

      Versatile commercial space in downtown Holland, suitable for various uses.
      147 E 6Th St, Holland, MI 49423
      View Details
    • $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
    • $9 SF/Yr
      3,800 SF

      Holland Shop/Warehouse For Lease

      3,800 SF shop/warehouse near I-196 in Holland, Michigan.
      4264 Destiny Dr, Holland, MI 49423
      View Details
    • $18 SF/Yr
      6,210 SF

      Office Space in Park Township

      Office space for lease with reception, offices, and private bath.
      697 Ottawa Beach Rd, Holland, MI 49424
      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
    • $4 SF/Yr
      20,800 SF

      Industrial Space For Lease

      20,800 SF industrial space available in Holland, Michigan.
      510 E 16Th St, Holland, MI 49423
      View Details
    • $14 SF/Yr
      1,030 SF

      Railside Center Office/Retail Space

      1,030 SF Holland office/retail space for lease.
      56 E Lakewood Blvd, 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
    • $25 SF/Yr
      8,250 SF

      Downtown Holland Office Space Available

      Three-story office building in downtown Holland with multiple lease options.
      171 College Ave Unit, Holland, MI 49423
      View Details
    • $28 SF/Yr
      5,250 SF

      Downtown Holland Office Space Available

      Three-story office building with multiple lease options in Holland, MI.
      171 College Ave Unit, Holland, MI 49423
      View Details
    • $25 SF/Yr
      16,500 SF

      Downtown Holland Office Space Available

      Three-story office building in downtown Holland with multiple lease options.
      171 2Nd St, Holland, MI 49423
      View Details
    • $22 SF/Yr
      21,750 SF

      Downtown Holland Office Space Available

      Three-story office building in downtown Holland with multiple lease options.
      171 College Ave, Holland, MI 49423
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space for lease in prime Holland location.
    Where is this retail space located?
    The property is located at 717 E 24Th St, Unit B Holland, MI.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Prime corner location at E 24th Street and S Waverly Road.; - Brand-new construction (Year Built: 2025).; - Located near major retailers including Meijer, Menards, Dollar Tree, and Save-A-Lot.
    (616) 394-4500
    Request Owner's contact information
    717 E 24Th St, Unit B Holland, MI 49423
    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.
    717 E 24Th St, Unit B
    Holland, MI 49423
    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
    717 E 24Th St, Unit B Holland, MI 49423
    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
    Drew Alan Durham
    (616) 394-4500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.