1149 S Washington Avenue, Holland, MI 49423
COMMERCIAL - Holland, MI
- Added:
- May 4, 2026
- Days on Market:
- 50
- Last Refresh:
- Jun 22 at 1:06 am
Property Features for 1149 S Washington Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking
- 130
- Interior features
- Broadband
- Standard status
- Active
- APN
- 53-02-05-300-103
- Size
- 43,243 SF
- Lot size
- 3.33 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PART SW1/4 SW1/4 COM 1328.16 FT S & 63.14 FT E OF W1/4 COR TH N 80 FT TH E 181.1 FT TH S 80 FT TH E 118.81 FT TH S 435.6
- Tax Annual Amount
- 71006
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2005
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Aluminum Siding, Stucco, Brick, Stone
- Roof type
- Rubber
Listing agent Michael Nagelkirk License #6501194952 (616) 836-1122
Listing office Lakeshore Commercial Real Estate 44 E 8th Street # 510, Holland, MI (616) 394-4500
Listing date May 4, 2026
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.
HighLights
- Located in a thriving retail corridor with high traffic counts on S Washington Avenue.
- Adjacent to Holland's south side Family Fare on US‑31 Business Route, near I‑196/US‑31 Exit 47.
- Four buildings totaling 44,414 square feet (40,642 rentable) on 3.3 acres.
- Strong mix of national, regional, and local tenants ensures stable cash flow and tenant demand.
- Built in 2005, offering modern construction and features.
- Exceptional visibility and direct access to a primary north‑south arterial.
Overview
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 | $669.4k | $15.48 |
| − Vacancy | −$28.1k | −$0.65 |
| EGI | $641.3k | $14.83 |
| − OpEx | −$192.4k | −$4.45 |
| NOI | $448.9k | $10.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Holland
- County
- Ottawa
- State
- Michigan
- Longitude
- -86.115748
- Latitude
- 42.757626
