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New Construction Industrial Warehouse
For Lease
$7.25 SF/Yr

C-721 E 48th St, Holland, MI 49423

Divisible industrial warehouse with loading docks, office areas, HVAC, sprinkler protection, and substantial power capacity.

Space Size16,800 SF - 37,800 SF
Days on Market846

Property Features for C-721 E 48th St

General Information

Standard status Active
Size 16,800 SF - 37,800 SF
Net Rentable 16,800 SF

Space & Availability

Available Space 16,800-37,800 SF
Contiguous Space 37,800 SF
Divisible Yes
Space Use Warehouse

Site & Location

Highway Access Yes
Road Access Yes
Utilities to Site Yes

Warehouse & Industrial

Clear Height 27 ft
Dock-High Doors 4
Sprinkler System Yes
Cold Storage No

Additional Details

Lease Term 60 months

Building Details

Buildings 1
Building Size 37,800 SF
Listing Agency: Lakeshore Commercial Real Estate
Listed By: Michael Nagelkirk · License #6501194952
Source: Exprealty
Added: May 13, 2024 Changed: Sep 3 Last Checked: Sep 5 at 10:29AM

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.

New construction industrial warehouse totaling 37,800 SF, available as a single facility or in two proposed suites. Suite C would provide 21,000 SF with 2,000 SF of office space, while Suite D would include 16,800 SF with 1,500 SF of office space. The building is designed with 24'-27' ceiling heights and central HVAC.

Each suite is planned with two loading docks, one overhead door, natural gas/propane, a sprinkler system, and power capacity that can be tailored through BPW with advance notice of requirements. The property is positioned at the northeast corner of Waverly Road and E 48th St in Holland, MI, with access to US 31 and I-196. Estimated build time is 8 months from lease execution, with a 60-month lease term.

Key Highlights

  • 37,800 SF new construction industrial warehouse
  • Proposed Suite C: 21,000 SF with 2,000 SF office
  • Proposed Suite D: 16,800 SF with 1,500 SF office

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Dental Office Electrical Service Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

27 ft
Clear height
4
Dock-high doors
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$1.09 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

161
Businesses Nearby
Well-served
Demand for This Use

Demographics for 49423, MI

46,870
Population
19,019
Households
2.5
Avg Household Size
37
Median Age
37%
College-Educated
92%
High-School Grad
77.9 sq mi
ZIP Area
602
Density / Sq Mi
$78,524
Median Household Income
$36,643
Median Earnings
$1,143
Median Rent
$254,800
Median Home Value

Market

Lease Benchmarks for Holland, MI

$7.35 /SF/Yr
Avg Asking Price
$5.45–$21 /SF/Yr
Price Range
43,943 SF
Avg Space Size

This space is priced 1% below the average of $7.35 /SF/Yr.

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Stor-It 1200 Central Ave, Holland, MI 49423
  • Cross Creek Self Storage 1187 Central Ave, Holland, MI 49423
  • Holland Self Storage 160 E 40th St, Holland, MI 49423

Frequently Asked Questions

What type of property is this?
Warehouse - Divisible industrial warehouse with loading docks, office areas, HVAC, sprinkler protection, and substantial power capacity.
Where is this warehouse located?
The property is located at C-721 E 48th St Holland, MI.
What is the lease rate?
The lease rate is $7.25 SF/Yr.
What are key features of this property?
This property features: 37,800 SF new construction industrial warehouse; Proposed Suite C: 21,000 SF with 2,000 SF office; Proposed Suite D: 16,800 SF with 1,500 SF office
More about this property
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