Medical Office with Five Private
New
For Sale
$629,000
1061 Washington Avenue, Holland, MI 49423
Commercial Sale, Holland, MI
Property Size3,489 SF
Lot Size1.00 Acre
Price / SF$180.28
Days on Market6
Property Features for 1061 Washington Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Elementary school district
Holland
Middle school district
Holland
High school district
Holland
Standard status
Active
APN
53-02-05-300-074
Size
3,489 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Description
ALL THAT PT OF NW 1/4 SW 1/4 COM 455.4 FT N OF SW COR TH E 360 FT, N 145.2 FT, W 360 FT, TH S 145.2 FT TO BEG. EX W 60
Tax Annual Amount
14143
Legal Description
ALL THAT PT OF NW 1/4 SW 1/4 COM 455.4 FT N OF SW COR TH E 360 FT, N 145.2 FT, W 360 FT, TH S 145.2 FT TO BEG. EX W 60
Utilities
Utilities
Electricity Available
Heating system
Forced Air
Building Details
Year built
1980
Number of units
1
Listing Agency:
RE/MAX Lakeshore · RE/MAX International
(616) 396-1400
Listed By:
Heather Davis
(616) 848-6023
Added: Oct 1
Changed: Oct 2
Last Checked: Oct 6 at 1:06AM
MLS# 26052673
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.
Configured for medical office use, this 3,489-square-foot property contains five individual rooms or offices, a procedure room, reception area, break room, and further interior space. Two bathrooms serve the building, which was constructed in 1980 and has forced-air heating. Electricity is available.
The property occupies a 1-acre lot at 1061 Washington Avenue in Holland, Michigan. On-site parking is available for customers, clients, and employees.
The property occupies a 1-acre lot at 1061 Washington Avenue in Holland, Michigan. On-site parking is available for customers, clients, and employees.
Key Highlights
- 3,489 square feet of interior space on a 1‑acre lot
- Five individual rooms or offices, plus a procedure room
- Reception area and break room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,436
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$768,720
$768.7K
Cap Rate 7%
$549,086
$549.1K
Cap Rate 9%
$427,067
$427.1K
Market Conditions
NOI Build-Up for 3,489 SF
Gross rent
$59.5K $17.04/SF
− Vacancy
−$8.2K −$2.35/SF
EGI
$51.2K $14.69/SF
− OpEx
−$12.8K −$3.67/SF
NOI
$38.4K $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%
$768,720
Cap Rate 7%
$549,086
Cap Rate 9%
$427,067
Alternative Uses
Best Use
Office B
$549.1K
$480.5K – $640.6K
NOI $38,436 @ 7.0% cap · market cap 6.11%
Second Best
Healthcare Medical
$413.3K
$361.6K – $482.2K
NOI $28,931 @ 7.0% cap · market cap 4.60%
Theoretical Best
Multifamily LT 5
$43.39M
$37.96M – $50.62M
NOI $3,037,066 @ 7.0% cap · market cap 482.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Similar Off Market Nearby
- Swine Veterinary Services-Michigan — 60 Veterans Dr # 7, Holland, MI 49423
- Havenga Kay DVM — 1106 Washington Ave, Holland, MI 49423
- Animal Clinic of Holland PLLC — 1106 Washington Ave, Holland, MI 49423
- Dr. Susan J. Vanderjagt, DVM — 1106 Washington Ave, Holland, MI 49423
Frequently Asked Questions
What type of property is this?
Medical Office Space - A reception area, procedure room, break room, and additional adaptable space support a range of professional operations.
Where is this medical office space located?
The property is located at 1061 Washington Avenue Holland, MI.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: 3,489 square feet of interior space on a 1‑acre lot; Five individual rooms or offices, plus a procedure room; Reception area and break room
