Retail Endcap
For Sale
Contact for pricing
12420 Felch Street A, Holland, MI 49424
Bright, open-plan suite with exterior windows and access to multiple site entrances plus ample parking.
Property Size2,623 SF
Price / SF$0.01
Days on Market95
Property Features for 12420 Felch Street A
General Information
Standard status
Active
Size
2,623 SF
Zoning
C-2
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
multiple ingress/egress options
Building Details
Year Built
2016
Year Renovated
2023
Listing Agency:
NAI Wisinski of West Michigan
(269) 353-0311
Listed By:
Jodi K Milks · License #6506044331
(269) 207-1040
Source:
Alexmi
Added: Jul 20
Changed: Oct 7
Last Checked: Oct 20 at 8:27PM
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 NAI Wisinski of West Michigan
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Investment Insights
Based on property information with market context.
This 2,623 SF retail and office suite occupies the west end of the Olive Garden building at The Shops at Westshore. Constructed in 2016 and remodeled in 2023, the space offers an open interior with exterior windows on all sides and a bright operating environment. The property is zoned C-2, Community Commercial District, in Holland Charter Township.
Multiple ingress and egress points serve the site, with ample parking available for customers and staff. The Shops at Westshore is positioned along the US-31 retail corridor between Felch St. and James St., with neighboring businesses including Hobby Lobby, Kohl's, Sherwin Williams, Burlington, X-Golf, Dunham's Sports, Urban Air Adventure Park, GRCC Lakeshore Campus, Orangetheory Fitness, Chipotle Mexican Grill, SVS Vision, and PNC Bank. Tenant-use restrictions exclude restaurants and businesses requiring high-volume parking.
Multiple ingress and egress points serve the site, with ample parking available for customers and staff. The Shops at Westshore is positioned along the US-31 retail corridor between Felch St. and James St., with neighboring businesses including Hobby Lobby, Kohl's, Sherwin Williams, Burlington, X-Golf, Dunham's Sports, Urban Air Adventure Park, GRCC Lakeshore Campus, Orangetheory Fitness, Chipotle Mexican Grill, SVS Vision, and PNC Bank. Tenant-use restrictions exclude restaurants and businesses requiring high-volume parking.
Key Highlights
- 2,623 SF retail/office suite at The Shops at Westshore
- West endcap position within the Olive Garden building
- Constructed in 2016 and remodeled in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,229
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,580
$544.6K
Cap Rate 7%
$388,986
$389.0K
Cap Rate 9%
$302,544
$302.5K
Market Conditions
NOI Build-Up for 2,623 SF
Gross rent
$40.6K $15.48/SF
− Vacancy
−$1.7K −$0.65/SF
EGI
$38.9K $14.83/SF
− OpEx
−$11.7K −$4.45/SF
NOI
$27.2K $10.38/SF
Area
Ottawa County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,580
Cap Rate 7%
$388,986
Cap Rate 9%
$302,544
Alternative Uses
Best Use
Office B
$412.8K
$361.2K – $481.6K
NOI $28,896 @ 7.0% cap · market cap 169,976.47%
Second Best
Retail
$389.0K
$340.4K – $453.8K
NOI $27,229 @ 7.0% cap · market cap 160,170.59%
Theoretical Best
Multifamily LT 5
$32.62M
$28.54M – $38.05M
NOI $2,283,240 @ 7.0% cap · market cap 13,430,823.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
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Business Placement
Demographics for 49424, MI
47,963
Population
19,906
Households
2.4
Avg Household Size
38
Median Age
34%
College-Educated
89%
High-School Grad
57.3 sq mi
ZIP Area
837
Density / Sq Mi
$82,353
Median Household Income
$41,316
Median Earnings
$1,157
Median Rent
$270,000
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Bright, open-plan suite with exterior windows and access to multiple site entrances plus ample parking.
Where is this retail space located?
The property is located at 12420 Felch Street A Holland, MI.
What are key features of this property?
This property features: 2,623 SF retail/office suite at The Shops at Westshore; West endcap position within the Olive Garden building; Constructed in 2016 and remodeled in 2023
