Turn-Key Restaurant
For Sale
$1,350,000
192 W 35th Street, Holland, MI 49423
Turn-key restaurant with fixtures, hood, and kitchen equipment included.
Property Size3,547 SF
Price / SF$380.60
Days on Market377
Property Features for 192 W 35th Street
General Information
Standard status
Active
Size
3,547 SF
Property subtype
Retail
Building Details
Building Size
3,547 SF
Year Built
1971
Listing Agency:
Signature Associates
Listed By:
Joe Rizqallah
(616) 822-6310
Source:
Tcnworldwide
Added: Sep 25, 2025
Changed: Oct 4
Last Checked: Oct 5 at 3:09PM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,451
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,020
$789.0K
Cap Rate 7%
$563,586
$563.6K
Cap Rate 9%
$438,344
$438.3K
Market Conditions
NOI Build-Up for 3,547 SF
Gross rent
$54.9K $15.48/SF
− Vacancy
−$2.3K −$0.65/SF
EGI
$52.6K $14.83/SF
− OpEx
−$13.2K −$3.71/SF
NOI
$39.5K $11.12/SF
Area
Ottawa County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,020
Cap Rate 7%
$563,586
Cap Rate 9%
$438,344
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 authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
Under-served
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
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.
