Office Suite with Conference
85 E 8th Street #250 Holland, MI 49423
For Sale
$910,000
Finished second-floor office suite includes a kitchenette, conference room, and a large open area for flexible workspace layouts.
Property Size3,237 SF
Price / SF$281.12
Days on Market881
Property Features for 85 E 8th Street #250
General Information
Standard status
Active
Size
3,237 SF
Property subtype
Commercial
Building Details
Year Built
2002
Listing Agency:
Lakeshore Commercial Real Estate
(616) 394-4500
Listed By:
Jason DeWitt · License #6501331667
(616) 394-4500
Source:
Homesforsaleinmich
Added: Mar 1, 2024
Changed: Jul 25
Last Checked: Jul 25 at 3:46PM
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 Estate
Investment Insights
Based on property information with market context.
Unit 10, Suite 250A at Plaza Center offers a finished second-floor office suite totaling 3,237 SF. The space includes a small kitchenette and a conference room, along with a large open area designed for flexible workspace planning. The layout also allows for potential conversion into private offices, with windows wrapped around the south side of the building.
Located at 85 E 8th Street in Holland, MI, the suite is part of Plaza Center’s office space on the second floor.
Located at 85 E 8th Street in Holland, MI, the suite is part of Plaza Center’s office space on the second floor.
Key Highlights
- Finished 2nd‑floor office suite totaling 3,237 SF in Plaza Center
- Suite includes a small kitchenette
- Includes a conference room
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 | $55.2k | $17.04 |
| − Vacancy | −$7.6k | −$2.35 |
| EGI | $47.5k | $14.69 |
| − OpEx | −$11.9k | −$3.67 |
| NOI | $35.7k | $11.02 |
3,237 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$509.4K
$445.8K – $594.3K
NOI $35,660 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$40.25M
$35.22M – $46.96M
NOI $2,817,708 @ 7.0% cap · market cap 309.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Coworking space - Finished second-floor office suite includes a kitchenette, conference room, and a large open area for flexible workspace layouts.
Where is this coworking space located?
The property is located at 85 E 8th Street #250 Holland, MI.
What is the asking price?
The asking price for this property is $910,000.
What are key features of this property?
This property features: Finished 2nd‑floor office suite totaling 3,237 SF in Plaza Center; Suite includes a small kitchenette; Includes a conference room
