Downtown Office Space with Outdoor
New
For Sale
Contact for pricing
150 E 8th Street, Holland, MI 49423
Second-floor offices include elevator access and designated private parking in Holland’s downtown core.
Property Size8,182 SF
Price / SF$0.00
Days on Market3
Property Features for 150 E 8th Street
General Information
Standard status
Active
Size
8,182 SF
Elevators
Yes
Additional Details
Floor
2
Amenities
10 private offices
expansive open-concept workspace
spacious outdoor deck
Listing Agency:
Lakeshore Commercial Real Estate
Listed By:
Drew Alan Durham · License #6501355882
(616) 394-4500
Source:
Brendaharrisgroup
Added: Oct 20
Changed: Oct 22
Last Checked: Oct 21 at 2:33AM
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
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Investment Insights
Based on property information with market context.
This 8,182-square-foot second-floor office suite is arranged with 10 private offices and a large open workspace. An outdoor deck overlooks 8th Street, while elevator service connects the space to the building. Designated private parking is provided, with public street parking also available.
The property sits above the Holland Area Arts Council in downtown Holland, surrounded by restaurants, retail shops, and local businesses. The area also has a downtown snowmelt system.
The property sits above the Holland Area Arts Council in downtown Holland, surrounded by restaurants, retail shops, and local businesses. The area also has a downtown snowmelt system.
Key Highlights
- 8,182 SF of second‑floor office space
- 10 private offices plus an open‑concept workspace
- Outdoor deck overlooking 8th Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,136
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,802,720
$1.8M
Cap Rate 7%
$1,287,657
$1.3M
Cap Rate 9%
$1,001,511
$1.0M
Market Conditions
NOI Build-Up for 8,182 SF
Gross rent
$139.4K $17.04/SF
− Vacancy
−$19.2K −$2.35/SF
EGI
$120.2K $14.69/SF
− OpEx
−$30.0K −$3.67/SF
NOI
$90.1K $11.02/SF
Area
Ottawa County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,802,720
Cap Rate 7%
$1,287,657
Cap Rate 9%
$1,001,511
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.50M
NOI $90,136 @ 7.0% cap · market cap 450,680.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$101.75M
$89.03M – $118.70M
NOI $7,122,177 @ 7.0% cap · market cap 35,610,885.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,174
Businesses Nearby
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor offices include elevator access and designated private parking in Holland’s downtown core.
Where is this office unit located?
The property is located at 150 E 8th Street Holland, MI.
What are key features of this property?
This property features: 8,182 SF of second‑floor office space; 10 private offices plus an open‑concept workspace; Outdoor deck overlooking 8th Street
