Holland Office Space with
85 E 8th Street Holland, MI 49423
85 E 8th Street, Holland, MI, 49423
$3,255,525
For Sale
$3,255,525
COMMERCIAL - Holland, MI
Property Size11,580 SF
Lot Size1.82 Acres
Price / SF$281.13
Days on Market867
Property Features for 85 E 8th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Interior features
- Broadband
- Standard status
- Active
- APN
- 70-16-29-287-707
- Size
- 11,580 SF
- Lot size
- 1.82 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- UNIT 7. PLAZA CENTER SEC 29 T5N R15W FROM 70-16-29-281-035,-036 2/03 BOUNDARY CHANGE PER 3RD AMENDMENT L5460 P745 9/07
- Tax Annual Amount
- 117225
Utilities
- Utilities
- Cable Available
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 2002
- Floors in Building
- 3
- Number of units
- 3
- Building materials
- Brick
Listing Agency
Lakeshore Commercial Real Estate
(616) 394-4500
44 E 8th Street # 510, Holland, MI
Listed by
Jason DeWitt
(616) 394-4500
Added: Mar 1, 2024 Checked: Jul 16 at 9:06 pm
MLS# 24010618
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.
Located in Holland, Michigan, this office space encompasses 11,580 square feet on the second floor. Suites 210, 230, and 250 are currently configured with 5 private offices and multiple open, flexible areas suitable for co-working or collaborative spaces, with the potential for constructing additional private offices. A large break area features floor-to-ceiling windows overlooking the north side of the property. Suite 250's open space allows for constructing additional private offices or creating large gathering and presentation areas. The unfinished Suite 210 provides the opportunity for a buyer to customize the floor plan to meet specific space needs. The property is situated on a 1.82-acre lot.
Key Highlights
- 11,580 SF space with flexible layout options.
- Includes 5 private offices already built.
- Unfinished suite 210 allows for custom floor plan and creative space design.
Local Financial Insights For Office B
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 | $197.3k | $17.04 |
| − Vacancy | −$27.2k | −$2.35 |
| EGI | $170.1k | $14.69 |
| − OpEx | −$42.5k | −$3.67 |
| NOI | $127.6k | $11.02 |
11,580 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.82M
$1.59M – $2.13M
NOI $127,569 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$144.00M
$126.00M – $168.00M
NOI $10,080,031 @ 7.0% cap · market cap 309.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Community Foundation of the Holland/Zeeland ...
Charitable Organization
Ottawa Prosecuting Attorney
Law Firm
Smith Haughey Rice ...
Law Firm
Family Investment & Resource
Financial Advisor
Cap Trust Financial ...
Financial Advisor
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Adaptable office suites with co-working spaces and custom floorplans.
Where is this office units located?
The property is located at 85 E 8th Street Holland, MI.
What is the asking price?
The asking price for this property is $3,255,525.
What are key features of this property?
This property features: 11,580 SF space with flexible layout options.; Includes 5 private offices already built.; Unfinished suite 210 allows for custom floor plan and creative space design.
