12659 Riley St, Holland, MI 49424
Multi-tenant retail center with high visibility and strong traffic counts.
- Added:
- Feb 2, 2026
- Days on Market:
- 144
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 12659 Riley St
General Information
- Standard status
- Active
- Size
- 50,401 SF
- Lot size
- 7.60 Acres
- Property subtype
- Office, Retail
Listing office Lakeshore Commercial Real Estates (616) 283-2411
Listing date Feb 2, 2026
Source Crexi
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 Lakeshore Commercial Real Estates
HighLights
- Exceptional visibility and direct access at the signalized northwest corner of US‑31 and Riley Street.
- Located in a major regional retail corridor with strong traffic counts.
- Three buildings totaling 50,401 square feet on 7.6 acres, offering scale and long‑term flexibility.
- 49,285 square feet of rentable space.
- Surrounded by a strong mix of national and regional retailers.
- Well positioned for stable cash flow and sustained tenant demand.
Overview
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 | $780.2k | $15.48 |
| − Vacancy | −$32.8k | −$0.65 |
| EGI | $747.4k | $14.83 |
| − OpEx | −$224.2k | −$4.45 |
| NOI | $523.2k | $10.38 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Secretary of State Self-service Station — 3320 W Shr Dr, Holland, MI 49424
- Felch Street Plaza — 12635 Felch St, Holland, MI 49424
- The Shops at Westshore — 12331 James St, Holland, MI 49424
Location Insight
- Map
- Local Demand
- City
- Holland
- County
- Ottawa
- State
- Michigan
- Longitude
- -86.0962802
- Latitude
- 42.827613
