Second-Floor Office
85 E 8th Street Holland, MI 49423
For Sale
$3,255,525
COMMERCIAL - Holland, MI
Property Size11,580 SF
Lot Size1.82 Acres
Price / SF$281.13
Days on Market878
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
Listed By:
Jason DeWitt
(616) 394-4500
Added: Mar 1, 2024
Changed: Jul 25
Last Checked: Jul 27 at 1:06PM
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.
This offering includes second-floor office suites 210, 230, and 250 within an 11,580-square-foot space. Suite 230 is currently finished with five private offices and multiple open, flexible areas suitable for co-working or collaborative use. The property also features a large break area overlooking the north side of the building with floor-to-ceiling windows.
The combined layout across suites 250 and the open space can support additional private office construction or larger gathering and presentation opportunities. Suite 210 is unfinished and offers the buyer the flexibility to customize the space and create a floor plan to fit specific needs.
Overall, the configuration provides a mix of turn-key office improvements and areas that can be developed further, depending on how the suites are planned and finished.
The combined layout across suites 250 and the open space can support additional private office construction or larger gathering and presentation opportunities. Suite 210 is unfinished and offers the buyer the flexibility to customize the space and create a floor plan to fit specific needs.
Overall, the configuration provides a mix of turn-key office improvements and areas that can be developed further, depending on how the suites are planned and finished.
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.
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Second-floor suites with existing private offices, flexible open areas, and floor-to-ceiling break-area windows.
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.
