Neighborhood Retail Shopping
1149 S Washington Avenue Holland, Holland, MI 49423
New
Multi-tenant retail center with four buildings and convenient frontage along S Washington Avenue near major interchange access.
Property size:
43,243 SFLot size:
3.30 AcresPrice / SF:
$117/SF- Added:
- Jun 30, 2026
- Days on Market:
- 7
- Last Refresh:
- Jul 1 at 4:29 am
Property Features for 1149 S Washington Avenue Holland
General Information
- Standard status
- Active
- Size
- 43,243 SF
- Lot size
- 3.30 Acres
Building Details
- Year Built
- 2005
Listing office (269) 399-5881
Listing date Jun 30, 2026
Source Remax-executive
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 Ryan Witt
HighLights
- Multi‑tenant retail shopping center with 4 buildings totaling 43,243 SF on 3.33 acres
- 40,642 SF rentable area for the shopping center
- Lot dimensions are 450' x 300' with paved road surface
- Direct frontage along S Washington Ave (US‑31 Business Route) near Exit 47 I‑196/US‑31
- Year built 2005 with HVAC and heating
- Broadband available and total parking of 130 spaces
Overview
This multi-tenant neighborhood retail shopping center includes four buildings totaling 43,243 square feet, with 40,642 rentable square feet across 3.3 acres. The property is configured as retail storefront space within a consolidated center, offering scale for multiple tenants under one ownership structure.
The center is located in a major regional retail corridor in Holland, Michigan, adjacent to Holland’s south side Family Fare on S Washington Avenue (US-31 Business). It sits just north of Exit 47 I-196/US-31 and benefits from direct access to this primary north-south arterial, supporting strong day-to-day visibility to passing traffic.
Designed for retailers seeking a neighborhood shopping environment, the property’s multi-building layout can accommodate a range of tenant footprints within a single shopping center. With its established tenant mix of regional/national and locally owned businesses in the surrounding area, the center may be a practical fit for operators looking for storefront exposure on a heavily traveled retail route.
The center is located in a major regional retail corridor in Holland, Michigan, adjacent to Holland’s south side Family Fare on S Washington Avenue (US-31 Business). It sits just north of Exit 47 I-196/US-31 and benefits from direct access to this primary north-south arterial, supporting strong day-to-day visibility to passing traffic.
Designed for retailers seeking a neighborhood shopping environment, the property’s multi-building layout can accommodate a range of tenant footprints within a single shopping center. With its established tenant mix of regional/national and locally owned businesses in the surrounding area, the center may be a practical fit for operators looking for storefront exposure on a heavily traveled retail route.
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 |
43,243 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$6.41M
$5.61M – $7.48M
NOI $448,901 @ 7.0% cap · market cap 8.87%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$537.74M
$470.52M – $627.36M
NOI $37,641,690 @ 7.0% cap · market cap 743.91%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
ATM (Family Fare ...
Atm
Family Fare Quick ...
Gas Station
Location Insight
- Map
- Local Demand
- City
- Holland
- County
- Ottawa
- State
- Michigan
- Longitude
- -86.1158744
- Latitude
- 42.7570669
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Multi-tenant retail center with four buildings and convenient frontage along S Washington Avenue near major interchange access.
Where is this shopping center located?
The property is located at 1149 S Washington Avenue Holland Holland, MI.
What is the asking price?
The asking price for this property is $5,060,000.
What are key features of this property?
This property features: Multi‑tenant retail shopping center with 4 buildings totaling 43,243 SF on 3.33 acres; 40,642 SF rentable area for the shopping center; Lot dimensions are 450' x 300' with paved road surface
