Turn-Key Restaurant
192 W 35th Street Holland, MI 49423
192 W 35th Street, Holland, MI, 49423
$1,350,000
For Sale
$1,350,000
Turn-key restaurant with fixtures, hood, and kitchen equipment included.
Property Size3,547 SF
Price / SF$380.60
Days on Market300
Property Features for 192 W 35th Street
General Information
- Standard status
- Active
- Size
- 3,547 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1971
Listing agency
Signature Associates
(616) 822-6310
Listed by
Joe Rizqallah
(616) 822-6310
Source
Tcnworldwide
Added: Sep 25, 2025 Updated: Jul 6 at 8:14AM Checked: Jul 21 at 6:53AM
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 Signature Associates
Investment Insights
Based on property information with market context.
This turn-key restaurant, available for the first time, presents an opportunity for restaurant owners. It has been in operation for over 40 years and includes fixtures, a hood, and kitchen equipment. The restaurant has seating for 125 patrons. Training is available. The sale is subject to the seller's verification of the potential buyer's financials and experience. The property size is 3547 square feet.
Key Highlights
- Turn‑key restaurant ready for immediate operation.
- Includes all fixtures, hood, and kitchen equipment.
- Established business with over 40 years of operation.
Local Financial Insights For Specialty 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 | $54.9k | $15.48 |
| − Vacancy | −$2.3k | −$0.65 |
| EGI | $52.6k | $14.83 |
| − OpEx | −$13.2k | −$3.71 |
| NOI | $39.5k | $11.12 |
3,547 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$563.6K
$493.1K – $657.5K
NOI $39,451 @ 7.0% cap · market cap 2.92%
Second Best
Retail
$526.0K
$460.3K – $613.7K
NOI $36,821 @ 7.0% cap · market cap 2.73%
Theoretical Best
Multifamily LT 5
$44.11M
$38.59M – $51.46M
NOI $3,087,553 @ 7.0% cap · market cap 228.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Southside Inn
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Restaurant - Turn-key restaurant with fixtures, hood, and kitchen equipment included.
Where is this restaurant located?
The property is located at 192 W 35th Street Holland, MI.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Turn‑key restaurant ready for immediate operation.; Includes all fixtures, hood, and kitchen equipment.; Established business with over 40 years of operation.
