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    Retail Space on Chicago Drive Title is generated by Realmo AI

    11283 Chicago Drive, Holland, MI 49424

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    For Sale
    $850,000

    Retail space available for sale in Holland, Michigan.

    Type:Retail
    Property size:
    6,154 SF
    Price / SF:
    $138/SF
    Added:
    Mar 25, 2026
    Days on Market:
    95
    Last Refresh:
    Mar 18 at 8:15 am

    Property Features for 11283 Chicago Drive

    General Information

    Standard status
    Active
    Size
    6,154 SF
    Property subtype
    Retail

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    Cameron Timmer

    Listing office

    Listing date Mar 25, 2026

    Source Cbre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Cameron Timmer

    HighLights

    • Retail space available.
    • Located in Holland, Michigan.

    Overview

    This commercial real estate offering features a 6,154 square foot retail space. The property is located on Chicago Drive in Holland, Michigan. It is suitable for retail use.

    Local Financial Insights For Retail

    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 $95.3k $15.48
    − Vacancy −$4.0k −$0.65
    EGI $91.3k $14.83
    − OpEx −$27.4k −$4.45
    NOI $63.9k $10.38
    6,154 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $912.6K
    $798.6K – $1.06M (±1% cap)
    NOI $63,884 @ 7.0% cap · market cap 7.52%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $76.53M
    $66.96M – $89.28M (±1% cap)
    NOI $5,356,866 @ 7.0% cap · market cap 630.22%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ken's Auto & Marine Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Holland
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.0604579
    Latitude
    42.8045105

    FAQs

    What type of property is this?
    Retail space - Retail space available for sale in Holland, Michigan.
    Where is this retail space located?
    The property is located at 11283 Chicago Drive Holland, MI.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Retail space available.; Located in Holland, Michigan.
    More about this property
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