Finished Office Suite with Open
For Sale
$1,745,110
85 E 8th Street, Holland, MI 49423
Commercial Sale, Holland, MI
Property Size5,107 SF
Lot Size1.82 Acres
Price / SF$341.71
Days on Market949
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
5,107 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
34984
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
1
Building materials
Brick
Listing Agency:
Lakeshore Commercial Real Estate
Listed By:
Jason DeWitt
(616) 394-4500
Added: Mar 1, 2024
Changed: Sep 7
Last Checked: Oct 6 at 2:06AM
MLS# 24010596
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.
Suite 230 is a finished second-floor office comprising 5,107 square feet. The layout includes five private offices, several open work areas, and a large break room with floor-to-ceiling windows facing the north side of the property. The configuration can support collaborative work or additional private office construction.
The building was constructed in 2002 with brick exterior materials and includes central air, heat pump heating, broadband, and cable availability. The property occupies 1.82 acres and includes a bathroom.
The building was constructed in 2002 with brick exterior materials and includes central air, heat pump heating, broadband, and cable availability. The property occupies 1.82 acres and includes a bathroom.
Key Highlights
- 5,107 SF finished second‑floor office suite
- Five private offices plus multiple open work areas
- Large break room with floor‑to‑ceiling windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,261
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,125,220
$1.1M
Cap Rate 7%
$803,729
$803.7K
Cap Rate 9%
$625,122
$625.1K
Market Conditions
NOI Build-Up for 5,107 SF
Gross rent
$87.0K $17.04/SF
− Vacancy
−$12.0K −$2.35/SF
EGI
$75.0K $14.69/SF
− OpEx
−$18.8K −$3.67/SF
NOI
$56.3K $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%
$1,125,220
Cap Rate 7%
$803,729
Cap Rate 9%
$625,122
Alternative Uses
Best Use
Office B
$803.7K
$703.3K – $937.7K
NOI $56,261 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$63.51M
$55.57M – $74.09M
NOI $4,445,485 @ 7.0% cap · market cap 254.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor office space combines private rooms, adaptable open areas, and a window-lined break room.
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 $1,745,110.
What are key features of this property?
This property features: 5,107 SF finished second‑floor office suite; Five private offices plus multiple open work areas; Large break room with floor‑to‑ceiling windows
