Second-Floor Office
For Sale
$2,525,950
85 E 8th Street, Holland, MI 49423
Commercial Sale, Holland, MI
Property Size8,343 SF
Lot Size1.82 Acres
Price / SF$302.76
Days on Market959
Property Features for 85 E 8th Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
F-CDT
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Interior features
Broadband
Elementary school district
Holland
Middle school district
Holland
High school district
Holland
Directions
Northeast corner of E 8th Street and College Ave
Subdivision
Holland/Saugatuck - H
Standard status
Active
APN
70-16-29-287-708
Size
8,343 SF
Lot size
1.82 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
UNIT 8. 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
90870
Legal Description
UNIT 8. PLAZA CENTER SEC 29 T5N R15W FROM 70-16-29-281-035,-036 2/03 BOUNDARY CHANGE PER 3RD AMENDMENT L5460 P745 9/07
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
2
Building materials
Brick
Listing Agency:
Lakeshore Commercial Real Estate
Listed By:
Jason DeWitt
(616) 394-4500
Added: Mar 1, 2024
Changed: Oct 8
Last Checked: Oct 16 at 2:06PM
MLS# 24010623
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.
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Investment Insights
Based on property information with market context.
The second-floor office offering includes Suite 230, a finished area with five private offices, several open sections, and a break area positioned beside floor-to-ceiling windows. Suite 210 is unfinished, giving the combined 8,343-square-foot offering flexibility for additional offices or an alternative interior plan.
The property was built in 2002 and features brick construction, central air, heat-pump heating, broadband, and cable availability. Located at 85 E 8th Street in Holland, the office units are part of a 1.82-acre property.
The property was built in 2002 and features brick construction, central air, heat-pump heating, broadband, and cable availability. Located at 85 E 8th Street in Holland, the office units are part of a 1.82-acre property.
Key Highlights
- 8,343 SF combined second‑floor office offering
- Suite 230 includes 5 private offices and open collaborative areas
- Unfinished Suite 210 allows a customized interior plan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,909
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,838,180
$1.8M
Cap Rate 7%
$1,312,986
$1.3M
Cap Rate 9%
$1,021,211
$1.0M
Market Conditions
NOI Build-Up for 8,343 SF
Gross rent
$142.2K $17.04/SF
− Vacancy
−$19.6K −$2.35/SF
EGI
$122.5K $14.69/SF
− OpEx
−$30.6K −$3.67/SF
NOI
$91.9K $11.02/SF
Area
Ottawa County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,838,180
Cap Rate 7%
$1,312,986
Cap Rate 9%
$1,021,211
Alternative Uses
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $91,909 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$103.75M
$90.78M – $121.04M
NOI $7,262,323 @ 7.0% cap · market cap 287.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,269
Businesses Nearby
Explore this area
Business Placement
Demographics for 49423, MI
46,870
Population
19,019
Households
2.5
Avg Household Size
37
Median Age
37%
College-Educated
92%
High-School Grad
77.9 sq mi
ZIP Area
602
Density / Sq Mi
$78,524
Median Household Income
$36,643
Median Earnings
$1,143
Median Rent
$254,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office units - Office configuration combines private rooms, shared work areas, and unfinished space for a customized layout.
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 $2,525,950.
What are key features of this property?
This property features: 8,343 SF combined second‑floor office offering; Suite 230 includes 5 private offices and open collaborative areas; Unfinished Suite 210 allows a customized interior plan
