Second-Floor Flexible Office
For Sale
$2,706,750
85 E 8th Street, Holland, MI 49423
Commercial Sale, Holland, MI
Property Size8,344 SF
Lot Size1.82 Acres
Price / SF$324.39
Days on Market963
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
70-16-29-287-710
Size
8,344 SF
Lot size
1.82 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
UNIT 10. 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
61339
Legal Description
UNIT 10. 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 20 at 5:06AM
MLS# 24010632
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.
Suites 230 and 250 comprise an 8,344 SF second-floor office configuration with five finished private offices and several open areas suited to shared workstations, collaboration, or additional office buildout. A spacious break area features floor-to-ceiling windows oriented toward the north side of the property, while the open portion of Suite 250 can accommodate larger meetings or presentations. The space includes central air, heat pump heating, broadband, and cable availability. Constructed in 2002 with brick materials, the property also includes a bathroom and occupies a 1.82-acre site.
Key Highlights
- 8,344 SF second‑floor office space across Suites 230 and 250
- Five finished private offices already in place
- Open areas support collaborative workstations or additional private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,921
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,838,420
$1.8M
Cap Rate 7%
$1,313,157
$1.3M
Cap Rate 9%
$1,021,344
$1.0M
Market Conditions
NOI Build-Up for 8,344 SF
Gross rent
$142.2K $17.04/SF
− Vacancy
−$19.6K −$2.35/SF
EGI
$122.6K $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%
$1,838,420
Cap Rate 7%
$1,313,157
Cap Rate 9%
$1,021,344
Alternative Uses
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $91,921 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$103.76M
$90.79M – $121.05M
NOI $7,263,193 @ 7.0% cap · market cap 268.34%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
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 unit - Five private offices accompany adaptable collaborative areas and a break space with expansive north-facing windows.
Where is this office unit located?
The property is located at 85 E 8th Street Holland, MI.
What is the asking price?
The asking price for this property is $2,706,750.
What are key features of this property?
This property features: 8,344 SF second‑floor office space across Suites 230 and 250; Five finished private offices already in place; Open areas support collaborative workstations or additional private offices
