Professional Office Suite with Private
217 E 24th Street Unit 010 Holland, MI 49423
For Sale
$799,900
Office suite with seven private offices, conference room, full kitchen, and secured private entry plus dedicated parking.
Property Size4,379 SF
Price / SF$182.67
Days on Market520
Property Features for 217 E 24th Street Unit 010
General Information
- Standard status
- Active
- Size
- 4,379 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2001
Listing Agency:
(616) 396-5221
Listed By:
Coldwell Banker Woodland Schmidt
Source:
Xome
Added: Feb 18, 2025
Changed: Jul 23
Last Checked: Jul 23 at 5:43AM
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 Coldwell Banker Woodland Schmidt
Investment Insights
Based on property information with market context.
Offered for sale, this professional office suite is located within the Baker Lofts building. The space is designed for a mix of private and collaborative work, featuring seven private offices, an open collaborative area, and a conference room. Additional interior amenities include a full kitchen, an employee lounge, and a full bathroom.
The suite includes multiple entrances for flexible access, including a private secured entry with camera and key fob access. Access to fiber internet and association amenities is available. The offering also includes five dedicated parking spaces, with additional parking available.
This configuration supports a self-contained office environment with dedicated work rooms, shared meeting space, and in-suite support amenities.
The suite includes multiple entrances for flexible access, including a private secured entry with camera and key fob access. Access to fiber internet and association amenities is available. The offering also includes five dedicated parking spaces, with additional parking available.
This configuration supports a self-contained office environment with dedicated work rooms, shared meeting space, and in-suite support amenities.
Key Highlights
- 4,379 SF office suite in Baker Lofts (built in 2001) with 7 private offices plus an open collaborative area
- Conference room with full kitchen, employee lounge, and a full bathroom—amenities uncommon in commercial spaces
- Private secured entry with camera and key fob access, plus multiple entrances for flexible access
Financial Insights For Office B
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 | $74.6k | $17.04 |
| − Vacancy | −$10.3k | −$2.35 |
| EGI | $64.3k | $14.69 |
| − OpEx | −$16.1k | −$3.67 |
| NOI | $48.2k | $11.02 |
4,379 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$689.2K
$603.0K – $804.0K
NOI $48,241 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$54.45M
$47.65M – $63.53M
NOI $3,811,784 @ 7.0% cap · market cap 476.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ludus
(Bike/Boat/Book/etc) Store
sficentral
(Bike/Boat/Book/etc) Store
ExcelForce Solutions
(Bike/Boat/Book/etc) Store
Noack Olivia J
Foster Care Service
Unity Health Plans ...
Insurance Agency
FAQs
What type of property is this?
Office units - Office suite with seven private offices, conference room, full kitchen, and secured private entry plus dedicated parking.
Where is this office units located?
The property is located at 217 E 24th Street Unit 010 Holland, MI.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 4,379 SF office suite in Baker Lofts (built in 2001) with 7 private offices plus an open collaborative area; Conference room with full kitchen, employee lounge, and a full bathroom—amenities uncommon in commercial spaces; Private secured entry with camera and key fob access, plus multiple entrances for flexible access
