Pull-Through Storage Condo
120 Aniline Ave N 19 & 20 Holland, MI 49424
120 Aniline Ave N 19 & 20, Holland, MI, 49424
$224,000
Pending
For Sale
$224,000
Pending
Heated and fully insulated storage condo with pull-through layout, two 18' tall doors, and in-unit bath.
Property Size1,800 SF
Days on Market16
Property Features for 120 Aniline Ave N 19 & 20
General Information
- Standard status
- Pending
- Size
- 1,800 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2005
Listing Agency
(616) 813-2009
Listed by
Jim DeHaan
(616) 813-2009
Source
Elliman
Added: Jul 6 Updated: Jul 20 at 6:34 pm Checked: Jul 20 at 6:34 pm
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 Jim DeHaan
Investment Insights
Based on property information with market context.
This for-sale storage/small business condo includes a 30' x 60' pull-through layout designed for convenient access, with automatic openers on each of two 18' tall doors. The unit is heated and fully insulated, with steel-lined interiors, fire suppression, and an in-unit bathroom with shower, wash sink, and drinking fountain, plus internet service.
The property is offered for Units 19 & 20 at 120 Aniline Ave N in Holland Charter Township, with close proximity to Lake Macatawa. HOA fees are $1,748.74 yearly total for both units.
In addition to storage use, the property is described as suitable for light industrial or small business applications such as a hobby garage, wood working shop, or a contractor suite.
The property is offered for Units 19 & 20 at 120 Aniline Ave N in Holland Charter Township, with close proximity to Lake Macatawa. HOA fees are $1,748.74 yearly total for both units.
In addition to storage use, the property is described as suitable for light industrial or small business applications such as a hobby garage, wood working shop, or a contractor suite.
Key Highlights
- 2005‑built storage/small business condo with heated, fully insulated unit
- 30' x 60' pull‑through layout with automatic openers on two 18' tall doors
- Steel‑lined interior with fire suppression system
Local Financial Insights For Self Storage
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 | $26.4k | $14.64 |
| − Vacancy | −$1.5k | −$0.82 |
| EGI | $24.9k | $13.82 |
| − OpEx | −$7.5k | −$4.15 |
| NOI | $17.4k | $9.67 |
1,800 SF · lease $14.64/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$432.9K
$378.8K – $505.1K
NOI $30,305 @ 7.0% cap · market cap 13.53%
Second Best
Industrial
$379.5K
$332.0K – $442.7K
NOI $26,563 @ 7.0% cap · market cap 11.86%
Theoretical Best
Multifamily LT 5
$22.38M
$19.59M – $26.11M
NOI $1,566,844 @ 7.0% cap · market cap 699.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Horizon Bank
Bank
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Heated and fully insulated storage condo with pull-through layout, two 18' tall doors, and in-unit bath.
Where is this self storage facility located?
The property is located at 120 Aniline Ave N 19 & 20 Holland, MI.
What is the asking price?
The asking price for this property is $224,000.
What are key features of this property?
This property features: 2005‑built storage/small business condo with heated, fully insulated unit; 30' x 60' pull‑through layout with automatic openers on two 18' tall doors; Steel‑lined interior with fire suppression system
