Warehouse Building with Office
New
For Sale
$3,150,000
1373 Lincoln Avenue, Holland, MI 49423
Commercial Sale, Holland, MI
Property Size45,142 SF
Lot Size7.65 Acres
Price / SF$69.78
Days on Market2
Property Features for 1373 Lincoln Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Industrial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Elementary school district
Holland
Middle school district
Holland
High school district
Holland
Standard status
Active
APN
03-02-09-100-047
Size
45,142 SF
Lot size
7.65 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LOT 6 HEDCOR SUBD, ALSO LOT 5 HEDCOR SUBD, BEG AT NE COR LOT 6, TH E 238.84 FT ON ELY EXT N LN LOT 6, TH SE'LY 67.49 FT
Tax Annual Amount
64276
Legal Description
LOT 6 HEDCOR SUBD, ALSO LOT 5 HEDCOR SUBD, BEG AT NE COR LOT 6, TH E 238.84 FT ON ELY EXT N LN LOT 6, TH SE'LY 67.49 FT
Utilities
Utilities
Phone Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1985
Floors in Building
1
Number of units
1
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Lakeshore Commercial Real Estate
Listed By:
Thomas S Postma
(616) 394-4500
Added: Oct 21
Last Checked: Oct 22 at 7:06PM
MLS# 26055945
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Set on 7.65 acres, this 45,142-square-foot warehouse property includes 37,035 square feet of warehouse area and 8,107 square feet of office space. The 1985 metal-sided building has three dock doors, one drive-in door, ceiling heights from 12 to 18 feet, and 400 amps of 480v/3-phase power throughout. Forced-air heat, central air, and a metal roof are also in place.
A new parking lot and fresh exterior paint are among the property’s improvements. The site is at 1373 Lincoln Avenue in Holland, Michigan. The entire building is available for sale or lease, and phone service is available.
A new parking lot and fresh exterior paint are among the property’s improvements. The site is at 1373 Lincoln Avenue in Holland, Michigan. The entire building is available for sale or lease, and phone service is available.
Key Highlights
- 45,142‑square‑foot building on 7.65 acres
- 37,035 square feet of warehouse space and 8,107 square feet of office area
- Three docks and one drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,441
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,228,820
$3.2M
Cap Rate 7%
$2,306,300
$2.3M
Cap Rate 9%
$1,793,789
$1.8M
Market Conditions
NOI Build-Up for 45,142 SF
Gross rent
$270.9K $6.00/SF
− Vacancy
−$22.5K −$0.50/SF
EGI
$248.4K $5.50/SF
− OpEx
−$86.9K −$1.93/SF
NOI
$161.4K $3.58/SF
Area
Ottawa County, MI
Vacancy
8.30%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,228,820
Cap Rate 7%
$2,306,300
Cap Rate 9%
$1,793,789
Alternative Uses
Best Use
Warehouse
$10.86M
$9.50M – $12.67M
NOI $760,016 @ 7.0% cap · market cap 24.13%
Second Best
Industrial
$9.52M
$8.33M – $11.10M
NOI $666,166 @ 7.0% cap · market cap 21.15%
Theoretical Best
Multifamily LT 5
$561.35M
$491.18M – $654.91M
NOI $39,294,711 @ 7.0% cap · market cap 1,247.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
18 ft
Clear height
3
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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 - The full building is offered for sale or lease, with warehouse and office areas in one facility.
Where is this warehouse located?
The property is located at 1373 Lincoln Avenue Holland, MI.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: 45,142‑square‑foot building on 7.65 acres; 37,035 square feet of warehouse space and 8,107 square feet of office area; Three docks and one drive‑in door
