Finished Office Suite in
85 E 8th Street Holland, MI 49423
For Sale
$1,745,110
COMMERCIAL - Holland, MI
Property Size5,107 SF
Lot Size1.82 Acres
Price / SF$341.71
Days on Market874
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
- 70-16-29-287-708
- 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
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
(616) 394-4500
Listed By:
Jason DeWitt
(616) 394-4500
Added: Mar 1, 2024
Changed: Apr 15
Last Checked: Jul 23 at 9:06PM
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.
Located in Holland, Michigan, Suite 230 is a fully finished office space on the second floor, encompassing a total of 5,107 square feet. The suite features 5 private offices and multiple open areas suitable for co-working or collaborative needs, with the flexibility to construct additional private offices. A large break room offers views of the north side of the property through floor-to-ceiling windows. The property is situated on a 1.82-acre lot.
Key Highlights
- 5,107 SF of fully finished office space.
- Flexible layout with open areas suitable for co‑working or private offices.
- Includes 5 private offices.
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 | $87.0k | $17.04 |
| − Vacancy | −$12.0k | −$2.35 |
| EGI | $75.0k | $14.69 |
| − OpEx | −$18.8k | −$3.67 |
| NOI | $56.3k | $11.02 |
5,107 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
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 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
FAQs
What type of property is this?
Office units - 5,107 SF office suite with private offices and open areas.
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 of fully finished office space.; Flexible layout with open areas suitable for co‑working or private offices.; Includes 5 private offices.
